Economic impact assessment of climate change: A multi-gas investigation with WIAGEM-GTAPEL-ICM
Research output: Journal contributions › Journal articles › Research › peer-review
Authors
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.
| Original language | English | 
|---|---|
| Journal | The Energy Journal | 
| Volume | 27 | 
| Issue number | Special Issue: Multi-Greenhouse Gas Mitigation and Climate | 
| Pages (from-to) | 441-460 | 
| Number of pages | 20 | 
| ISSN | 0195-6574 | 
| Publication status | Published - 27.11.2006 | 
| Externally published | Yes | 
- SDG 13 - Climate Action
 
Sustainable Development Goals
- Economics
 
Research areas
- Economics and Econometrics
 - Energy(all)
 
