GTAP Resources: Resource Display
| GTAP Resource #7232 |
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"Analyzing the economic impacts of low-energy demand pathways based on CGE analysis" by Moon, Jongwoo, Jihoon Min, Jungeun Lee, Junghee Hyun and Haein Kim Abstract The importance of demand-side responses is gaining recognition as a complementary strategy to supply-side actions in meeting climate mitigation goals. Despite their potential, studies and modeling of demand-side impacts are still relatively underdeveloped. The IPCC Sixth Assessment Report highlights the critical role of demand management, demonstrating its substantial mitigation potential across different sectors. However, comprehensive quantitative studies on demand-side scenarios are sparse, and modeling efforts that incorporate these scenarios often focus primarily on the power sector. This research aims to explore trends in low-energy demand (LED) scenario discussions and to develop a global Computable General Equilibrium (CGE) model to analyze these scenarios. The study utilizes a recursive dynamic CGE model to assess the economic impacts of LED scenarios. The research applies a climate module and a damage function for estimating the additional expenditure for cooling and heating energy consumption based on the FUND model, which is an Integrated Assessment Model. The research identifies the key components constructing the low energy demand scenarios as Energy Efficiency Improvement, Energy Consumption Changes due to climate change, Lifestyle Change, Net Zero carbon pricing, and the Impact of COVID-19. The different rates of energy efficiency improvements and reductions in household’s energy-related consumption are applied to Global South and Global North regions. Also, NGFS Phase 4 below 2-degree Carbon Pricing is considered to assess the impacts of carbon pricing, and the updated SSP2 Scenario from EU NAVIGATE Project, which considered the economic impacts of COVID-19, is used for calibration. |
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- Climate change policy - Climate impacts - Sustainable development - Economic development - Model extension/development - Partial and general equilibrium models |
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Public Access  GTAP Resource 7232 (609.1 KB) Replicated: 0 time(s) GTAP Resource 7232_Presentation (1.1 MB) 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 2:05:45 PM
