Model scope and methods - GRACE

GRACE is a global recursive dynamic CGE model developed to show the consequences of actions taken to mitigate climate change, and the impacts of the resulting climatic changes on the economic development in selected countries or regions of the world. The model calculates emissions of CO₂ and other key greenhouse gases from economic activities, and integrates impacts of climate change, which allows for assessments of the economic consequences of climate projections. The model is programmed and solved on yearly basis in GAMS and uses the GTAP database, which comprises national accounts data for about 60 sectors in 140 world regions, most of them countries. GRACE is seldom run with more than 15 sectors and 15 regions, but aggregation of sectors and regions is flexible and easy to change. Thereby, the model can be used flexibly to focus on specific sectors or regions, depending on the research question.

Note: The documentation of GRACE is 'under review' and is not yet 'published'!

Model Documentation - GRACE
Model scope and methods - GRACE Model concept, solver and details - GRACE Temporal dimension - GRACE Spatial dimension - GRACE Policy - GRACE Socio-economic drivers - GRACE Population - GRACE Economic activity - GRACE Macro-economy - GRACE Production system and representation of economic sectors - GRACE Capital and labour markets - GRACE Monetary instruments - GRACE Trade - GRACE Technological change - GRACE Energy - GRACE Energy resource endowments - GRACE Fossil energy resources - GRACE Uranium and other fissile resources - GRACE Bioenergy - GRACE Non-biomass renewables - GRACE Energy conversion - GRACE Electricity - GRACE Heat - GRACE Gaseous fuels - GRACE Liquid fuels - GRACE Solid fuels - GRACE Grid, pipelines and other infrastructure - GRACE Energy end-use - GRACE Transport - GRACE Residential and commercial sectors - GRACE Industrial sector - GRACE Other end-use - GRACE Energy demand - GRACE Technological change in energy - GRACE Land-use - GRACE Agriculture - GRACE Forestry - GRACE Land-use change - GRACE Bioenergy land-use - GRACE Other land-use - GRACE Agricultural demand - GRACE Technological change in land-use - GRACE Emissions - GRACE GHGs - GRACE Pollutants and non-GHG forcing agents - GRACE Carbon dioxide removal (CDR) options - GRACE Climate - GRACE Modelling of climate indicators - GRACE Climate damages, temperature changes - GRACE Non-climate sustainability dimension - GRACE Air pollution and health - GRACE Water - GRACE Other materials - GRACE Other sustainability dimensions - GRACE Appendices - GRACE Mathematical model description - GRACE Data - GRACE References - GRACE
Corresponding documentation
AIM-Hub C3IAM COFFEE-TEA DNE21+ GCAM GEM-E3 GRACE IFs IMACLIM IMAGE MESSAGE-GLOBIOM POLES PROMETHEUS REMIND-MAgPIE TIAM-UCL WITCH
Previous versions
No previous version available
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
Anticipation