Note: The documentation of GCAM is 'under review' and is not yet 'published'!
Model Documentation - GCAM
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Corresponding documentation
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Previous versions
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No previous version available
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Model information
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Model link
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Institution
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Pacific Northwest National Laboratory, Joint Global Change Research Institute (PNNL, JGCRI), USA, https://www.pnnl.gov/projects/jgcri.
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Solution concept
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General equilibrium (closed economy)GCAM solves all energy, water, and land markets simultaneously
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Solution method
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Recursive dynamic solution method
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Anticipation
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GCAM is a dynamic recursive model, meaning that decision-makers do not know the future when making a decision today. After it solves each period, the model then uses the resulting state of the world, including the consequences of decisions made in that period - such as resource depletion, capital stock retirements and installations, and changes to the landscape - and then moves to the next time step and performs the same exercise. For long-lived investments, decision-makers may account for future profit streams, but those estimates would be based on current prices. For some parts of the model, economic agents use prior experience to form expectations based on multi-period experiences.
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The GCAM Core represents the entire world, but it is constructed with different levels of resolution for each different system. In the current release version of GCAM, the energy-economy system operates at 32 regions globally, land is divided into 384 subregions, and water is tracked for 235 basins worldwide. The Earth system module operates at a global scale. See Overview of Integrated Dynamics in the GCAM Core and Common Assumptions.
Spatial scale of systems in release version of GCAM
GCAM Component
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Geospatial Resolution
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Macro-Economy
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32 Geopolitical Regions
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Energy System
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32 Geopolitical Regions
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Land System
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384 subregions
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Water Supplies
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235 Hydrologic Basins
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Physical Earth System
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Global
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