WIATEC: A World Integrated Assessment Model of Global Trade Environment and Climate Change
Truong Truong (truong.truong@sydney.edu.au) and
Claudia Kemfert
No 1021, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research
Abstract:
This paper describes the structure of the World Integrated Assessment model of global Trade, Environmental, and Climate change (WIATEC).The model consists of a multi-regional multi-sectoral core CGE model linked to a climate model. The core CGE is based on an existing global trade and environment model called GTAP-E (Truong, 1999; Burniaux and Truong, 2002). A suite of different and interchangeable 'modules' are then built around this 'core' to enable the model to be able to handle a range of different policy issues such as CO2 emissions, abatement, trading, non-CO2 (CH4 and N2O) emissions, land use land use change and forestry (LULUCF) activities, and changing technologies in the electricity generation sector. The approach which uses a core model structure with different additional modules built around this core structure allows the overall model to be flexible and can be adapted to a range of different policy issues. We illustrate the usefulness of this approach in a policy experiment which looks at the interaction between emissions trading scheme and the promotion of renewable energy targets in the European Union climate policy.
Keywords: Integrated Assessment Model; Technological Change; Climate Policy (search for similar items in EconPapers)
JEL-codes: C68 O38 Q55 (search for similar items in EconPapers)
Pages: 42 p.
Date: 2010
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-env
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp1021
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