References - GCAM: Difference between revisions
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== References == | |||
Edmonds, J. and J. Reilly. 1983. “A Long-Term, Global, Energy-Economic Model of Carbon Dioxide Release From Fossil Fuel Use,” Energy Economics, 5(2):74-88. | |||
Moss, R. H., J. A. Edmonds, K. A. Hibbard, M. R. Manning, S. K. Rose, D. P. van Vuuren, T. R. Carter, S. Emori, M. Kainuma, T. Kram, G. A. Meehl, J. F. B. Mitchell, N. Nakicenovic, K. Riahi, S. J. Smith, R. J. Stouffer, A. M. Thomson, J. P. Weyant and T. J. Wilbanks (2010). “The next generation of scenarios for climate change research and assessment.” Nature 463(7282): 747-756. | |||
van Vuuren, D. P., K. Riahi, K. Calvin, R. Dellink, J. Emmerling, S. Fujimori, S. Kc, E. Kriegler and B. O’Neill (2017). “The Shared Socio-economic Pathways: Trajectories for human development and global environmental change.” Global Environmental Change 42: 148-152. |
Revision as of 21:50, 28 July 2020
Corresponding documentation | |
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Model information | |
Model link | |
Institution | Pacific Northwest National Laboratory, Joint Global Change Research Institute (PNNL, JGCRI), USA, https://www.pnnl.gov/projects/jgcri. |
Solution concept | General equilibrium (closed economy)GCAM solves all energy, water, and land markets simultaneously |
Solution method | Recursive dynamic solution method |
Anticipation | 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. |
References
Edmonds, J. and J. Reilly. 1983. “A Long-Term, Global, Energy-Economic Model of Carbon Dioxide Release From Fossil Fuel Use,” Energy Economics, 5(2):74-88.
Moss, R. H., J. A. Edmonds, K. A. Hibbard, M. R. Manning, S. K. Rose, D. P. van Vuuren, T. R. Carter, S. Emori, M. Kainuma, T. Kram, G. A. Meehl, J. F. B. Mitchell, N. Nakicenovic, K. Riahi, S. J. Smith, R. J. Stouffer, A. M. Thomson, J. P. Weyant and T. J. Wilbanks (2010). “The next generation of scenarios for climate change research and assessment.” Nature 463(7282): 747-756.
van Vuuren, D. P., K. Riahi, K. Calvin, R. Dellink, J. Emmerling, S. Fujimori, S. Kc, E. Kriegler and B. O’Neill (2017). “The Shared Socio-economic Pathways: Trajectories for human development and global environmental change.” Global Environmental Change 42: 148-152.