CICERO - Center for International Climate Research

GRACE - Technical documentation

The model for Global Responses to Anthropogenic Change in the Environment (GRACE) is a multi-sector, multi-regional, recursively dynamic global computable general equilibrium model (CGE) written in GAMS and based on GTAP database. The initial version of the model was developed at CICERO by Aaheim and Rive (2005) for long-term economic analysis of climate change impacts and greenhouse gas abatement policy. It was designed to allow for additional modules for analysis, including emissions permit trading and climate impacts on economic sectors. Coupled with an atmospheric model, the model can also be used for integrated assessment modelling of the climate and economy. Since then several versions have been developed by updating data and certain modules for various studies. Go back to the general introduction.

New award to CICERO Shades of Green

For the fourth year in a row CICERO Shades of Green is recognized for its work on green bonds. The CICERO subsidiary has been voted by leading investors as the external assessment provider of the year.

How green is a green bond?

Harald Francke Lund was interviewed in Frankfurt by SEB on how CICERO assesses green bonds and how to boost a shift to green investments.

CICERO Shades of Green

CICERO Second Opinions are graded dark green, medium green and light green to offer investors better insight in the environmental quality of green bonds.