Economic Impact Assessment of Climate Change: A Multi-gas Investigation with WIAGEM-GTAPEL-ICM
Research output: Working paper › Working papers
Standard
Berlin: Deutsches Institut für Wirtschaftsforschung (DIW), 2005. (DIW Discussion Papers; No. 499).
Research output: Working paper › Working papers
Harvard
APA
Vancouver
Bibtex
}
RIS
TY - UNPB
T1 - Economic Impact Assessment of Climate Change
T2 - A Multi-gas Investigation with WIAGEM-GTAPEL-ICM
AU - Kemfert, Claudia
AU - Truong, Truong Phuoc
AU - Bruckner, Thomas
PY - 2005/6
Y1 - 2005/6
N2 - Climate change is a long-term issue due to the long lifespan of greenhouse gases 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 multiregional, 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 /m^2. 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.
AB - Climate change is a long-term issue due to the long lifespan of greenhouse gases 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 multiregional, 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 /m^2. 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.
KW - Economics
M3 - Working papers
T3 - DIW Discussion Papers
BT - Economic Impact Assessment of Climate Change
PB - Deutsches Institut für Wirtschaftsforschung (DIW)
CY - Berlin
ER -