Policy - GRACE

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GRACE can simulate effects of policies of climate mitigation (e.g. carbon tax, carbon market, renewable subsidy, and energy efficiency improvement), climate adaptation measures (e.g. substitution between goods/resources and market responses), climate impact (e.g. climate change impact on crop production and forest growth). the policy options targeting on specific sectors can be introduced in GRACE as it is a multi-sectoral model.

Alert-warning.png Note: The documentation of GRACE is 'under review' and is not yet 'published'!

Model Documentation - GRACE

Corresponding documentation
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Model information
Model link https://sites.google.com/view/taoyuanwei/home/grace
Institution Center for International Climate Research (CICERO), Norway, https://cicero.oslo.no/en.
Solution concept General equilibrium (closed economy)
Solution method SimulationRecursive dynamic solution method