L 7, 1 D-68161 Mannheim, Postfach 103443, D-68034 Mannheim, Germany
Tel: ++49 (0)621 1235 01
Fax: ++49(0)621 1235 224
Description of model
PACE is a flexible system of general equilibrium models, integrating the economy, energy, and environment dimensions. The model has a standard multi-sector, multi-region core made up of global trade and energy use, which was designated to assess major policy initiatives in a world that is increasingly integrated through trade. Its main strength is its ability to assess the long-term economic and social impacts of environmental policy, particularly policy relating to shifts in taxation or subsidies and energy efficiency.
The model is mainly used for:
economic analysis of energy and environmental policy initiatives;
problem-specific investigation of trade, tax, and labour market policies without a focus on energy or environmental markets.
Particular relevance
The PACE model is used for analysing the socio-economic impacts of climate change mitigation policies, especially those that focus on technology. The model can also be used for analysis of energy taxes and subsidies