Economic Impact Assessment of Climate Change: A Multi-Gas Investigation with WIAGEM-GTAPEL-ICM

Claudia Kemfert, Truong Truong () and Thomas Bruckner

No 499, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: 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 multi-regional, 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.

Pages: 26 p.
Date: 2005
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Citations: View citations in EconPapers (2)

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Journal Article: Economic Impact Assessment of Climate Change - A Multi-gas Investigation with WIAGEM-GTAPEL-ICM (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp499

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