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GTAP Resource #7318

"Assessing the economy-wide impacts of domestic and international climate policies using the GTAP Integrated Assessment Model (GTAP-IAM)"
by Corong, Erwin


Abstract
This paper assesses the economy-wide impacts of global and domestic climate policies using the GTAP Integrated Assessment Model (GTAP-IAM). GTAP-IAM (Corong and van der Mensbrugghe, 2024) facilitates detailed modeling of economy, environment and climate change within the GTAP modeling framework by incorporating various GTAP model variants such as GTAP-E (Energy/emissions), GTAP-Power, GTAP-AEZ (Agro-Ecological Zone) and GTAP-RD (Recursive Dynamics) with marginal abatement cost curves for non-greenhouse gas emissions and a simple climate model linked to emission-related health impacts and damage functions. The GTAP-IAM’s baseline is calibrated to the GTAP version 11 Data Base (Aguiar et al, 2022), the Nationally Determined Contributions (NDC) commitments based on the Paris Agreement and the latest Shared Socio-Economic Pathways database. The European Union’s Carbon Border Adjustment Mechanism (CBAM) and “Fit for 55” package are implemented as policy scenarios to understand the economy-wide impacts of global and domestic climate policies at the global, national and regional level.


Resource Details (Export Citation) GTAP Keywords
Category: 2024 Conference Paper
Status: Not published
By/In: Presented during the 27th Annual Conference on Global Economic Analysis (Fort Collins, Colorado, USA)
Date: 2024
Version:
Created: Corong, E. (4/15/2024)
Updated: Corong, E. (4/15/2024)
Visits: 307
- Climate change policy
- Climate impacts
- Economic development
- Model extension/development


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