Temporal dimension - REMIND
|Institution||Potsdam Institut für Klimafolgenforschung (PIK), Germany, https://www.pik-potsdam.de/research/sustainable-solutions/models/remind.|
|Solution concept||General equilibrium (closed economy)MAgPIE: partial equilibrium model of the agricultural sector;|
|Solution method||OptimizationMAgPIE: cost minimization;|
REMIND is an inter-temporal optimization model, solving for the perfect-foresight equilibrium of the world economy between the years 2005-2150. The spacing of time steps is flexible. In the default case, there are five-year time steps until 2060, ten-year time steps until 2100 and twenty-year time steps after that. We typically focus analysis on the time span 2005-2100, but run the model until 2150 to avoid distortions due to end effects.