Temporal dimension - GEM-E3

Model Documentation - GEM-E3
Corresponding documentation
AIM-Hub BLUES C3IAM COFFEE-TEA DNE21+ GCAM GEM-E3 GRACE IFs IMACLIM IMAGE MESSAGE-GLOBIOM POLES PROMETHEUS REMIND-MAgPIE TIAM-UCL WITCH WITNESS
Previous versions
Archive of GEM-E3 version 092019 Archive of GEM-E3 version unknown
Model information
Model link	https://ec.europa.eu/clima/sites/clima/files/strategies/analysis/models/docs/gem e3 long en.pdf
Institution	Institute of Communication And Computer Systems (ICCS), Greece, https://www.iccs.gr/en/.
Solution concept	General equilibrium (closed economy)
Solution method	Optimization
Anticipation

GEM-E3 is a recursive dynamic model solved sequential over time. In GEM-E3 model agents have myopic expectations. Their future planning is based on current prices. It is assumed that investment that takes place in time t increases the production capacity at time t+1. The current version of the GEM-E3 is calibrated to 2004 (base year data). The model runs up to 2050 with 5 year time steps.