Version ICES - Intertemporal Computable Equilibrium System
ICES presents the following features:
- Top-down recursive growth model: a sequence of static equilibria are inter-temporally connected by endogenous investment decisions.
- Detailed regional and sectoral disaggregation (in the present version 8 world regions and 17 industries are represented, but the detail can be increased).
- Inter sectoral factor mobility and international trade. International investment flows.
Representation of emissions of main GHG gases: (CO2, CH4, N2O, PFCs, HFCs, SF6).
The idea behind the use of ICES is to provide a climate change impact assessment going beyond the “simple” quantification of direct costs, to offer an economic evaluation summarising second and higher-order effects.
In addition to climate-change impact assessment, the model can be used to study mitigation and adaptation policies as well as different trade and public-policy reforms in the vein of conventional CGE. The ICES model has been developed by a team of researchers at FEEM.