GTAP Resources: Resource Display
| GTAP Resource #1794 |
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"The Global Economy, Trade, Environment and the Climate System (GETEC) Model and a Reference Case for Climate Policy Analysis" by Pant, Hom, Liangyue Cao and Brian Fisher Abstract This paper describes the new features added to the forward-looking version of the Global Trade and Environment Model (GTEMLR) to arrive at a preliminary version of an integrated assessment model of climate change – the Global Economy, Trade, Environment and Climate (GETEC) model. New additions include a climate module, a damage function, cleaner power generation technologies and new aggregation rules for all energy users to stylize the adoption and evolution of carbon-free energy technology in the economic module. GETEC is then simulated under much debated international real income convergence assumption to generate the A1 scenario of the IPCC’s SRES with and without the damage function turned on. These simulations provide alternative reference cases against which a possible climate policy of emissions restriction could be compared. The results show that in general with the damage function turned on the real per person income level is lower everywhere and income convergence attained by poorer regions is also lower than without the damage function. This implies that economic costs of climate policies are likely to be lower in integrated models compared with the ones that do not have the feedbacks. |
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Public Access  GTAP Resource 1794 (331.4 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
