Temporal dimension - REMIND-MAgPIE
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Corresponding documentation | |
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Previous versions | |
Model information | |
Model link | |
Institution | Potsdam Institut für Klimafolgenforschung (PIK), Germany, https://www.pik-potsdam.de. |
Solution concept | General equilibrium (closed economy)MAgPIE: partial equilibrium model of the agricultural sector; |
Solution method | OptimizationMAgPIE: cost minimization; |
Anticipation |
REMIND-MAgPIE 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.