Economic Impact Assessment of Climate Change: A Multi-gas Investigation with WIAGEM-GTAPEL-ICM
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.
Year of publication: |
2005
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Authors: | Kemfert, Claudia ; Truong, Truong Phuoc ; Bruckner, Thomas |
Publisher: |
Berlin : Deutsches Institut für Wirtschaftsforschung (DIW) |
Saved in:
freely available
Series: | DIW Discussion Papers ; 499 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | 494462523 [GVK] hdl:10419/18350 [Handle] RePEc:diw:diwwpp:dp499 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10010260858
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