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General Equilibrium Model for Economy - Energy - Environment (GEM-E3)
Abstract GEM-E3 is a recursive, dynamic, computable
GEM-E3 is a recursive, dynamic, computable, general-equilibrium model that examines interactions between the economy, the energy system, and the environment at the regional and global levels. The model is especially capable of evaluating climate and energy policies and fiscal issues.
ate and energy policies and fiscal issues.  +
DIA/Approach The GEM-E3 model simultaneously computes t
The GEM-E3 model simultaneously computes the equilibrium prices of goods, services, labor and capital. The economic agents optimize their objective functions and determine separately supply and demand. Market prices guarantee a global equilibrium endogenously. The structural features of the energy/environment system and the policy-oriented instruments (e.g. taxation) have a considerable level of detail. The geographical regions are linked through bilateral trade.
egions are linked through bilateral trade.  +
DIA/CaseStudies Case studies of European Union are available at: http://ipts.jrc.ec.europa.eu/activities/energy-and-transport/gem-e3/publications.cfm.  +
DIA/Inputs Energy and economic data. There are two versions of GEM-E3: GEM-E3 Europe and GEM-E3 World. GEM-E3 World is based on the Global Trade Analysis Project (GTAP) 7 database (base year 2004). GEM-E3 Europe is based on EUROSTAT data.  +
DIA/Level National  + , Sectoral  + , Policy  +
DIA/Outputs The equilibrium prices of goods, services,
The equilibrium prices of goods, services, labor and capital that simultaneously clear all markets under the Walras law, and the optimum balance for energy demand/supply and emission/abatement. The model setup includes the energy-related and non-energy related emissions of carbon dioxide (CO2), other GHG such as methane (CH4), nitrous oxide (N20) sulfur hexafluoride (SF6), hydrofluorocarbon (HFC), and perfluorocarbon (PFC).
rocarbon (HFC), and perfluorocarbon (PFC).  +
DIA/Stakeholders Government policymakers  + , economic consultants  + , environmental professionals  + , and academics.  +
DIA/Topic Environmental  + , Economic  + , Social  +
DIA/Topic/Economic Employment  + , All  + , Energy Security  + , Gross Domestic Product  + , General  +
DIA/Topic/Environmental Air  + , All  + , Greenhouse Gases  + , General  +
DIA/Topic/Social Public Health  + , All  + , General  +
DIA/Training Documentation and manual provided; recommended training on Computable General Equilibrium (CGE) and economic modeling approaches.  +
Developer Institute for Prospective Technological Studies + , European Commission Joint Research Center +
Name General Equilibrium Model for Economy - Energy - Environment (GEM-E3)  +
OpenEI/PageKeyword General Equilibrium Model for Economy - Energy - Environment (GEM-E3)  + , Energy  + , Institute for Prospective Technological Studies  + , European Commission Joint Research Center  +
OpenEI/Tool/Users Policy analysts  + , decision-makers  +
ProgramTopics Analysis Tools  +
Tool-subcategory LEDSGP Development Impacts Assessment Toolkits  +
ToolComplexity Advanced  +
Website http://ipts.jrc.ec.europa.eu/activities/energy-and-transport/gem-e3/  +
Has query
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General Equilibrium Model for Economy - Energy - Environment (GEM-E3) +
Categories Tools , LEDSGP Development Impacts Assessment Toolkits
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
04:42:38, 25 August 2014  +
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