TY - JOUR

T1 - Economic impact assessment of climate change

T2 - A multi-gas investigation with WIAGEM-GTAPEL-ICM

AU - Kemfert, Claudia

AU - Truong, Truong P.

AU - Brückner, Thomas

PY - 2006/11/27

Y1 - 2006/11/27

N2 - Climate change is a long-term issue due to the long lifespan of greenhouse gases (GHG) and the delayed response of the climate system. This paper investigates the long-term economic consequences of both climate change impacts and mitigation efforts by applying the multi-regional, multi-sectoral integrated assessment model WIAGEM based on GTAP-EL coupled with the reduced-form multi-gas climate model ICM. We investigate emissions reduction paths to reach a radiative forcing target of 4.5 W/m2. Economic impacts are studied and compared with and without the inclusion of all GHG gases. We find that multi-gas emissions reduction causes less economic losses compared with a case where only CO2 emissions reductions would be considered. Copyright © 2006 by the IAEE. All rights reserved.

AB - Climate change is a long-term issue due to the long lifespan of greenhouse gases (GHG) and the delayed response of the climate system. This paper investigates the long-term economic consequences of both climate change impacts and mitigation efforts by applying the multi-regional, multi-sectoral integrated assessment model WIAGEM based on GTAP-EL coupled with the reduced-form multi-gas climate model ICM. We investigate emissions reduction paths to reach a radiative forcing target of 4.5 W/m2. Economic impacts are studied and compared with and without the inclusion of all GHG gases. We find that multi-gas emissions reduction causes less economic losses compared with a case where only CO2 emissions reductions would be considered. Copyright © 2006 by the IAEE. All rights reserved.

KW - Economics

M3 - Journal articles

VL - 27

SP - 441

EP - 460

JO - The Energy Journal

JF - The Energy Journal

SN - 0195-6574

IS - Special Issue: Multi-Greenhouse Gas Mitigation and Climate

ER -