The Cost of Climate Stabilization in Southeast Asia, a Joint Assessment with Dynamic Optimization and CGE Models
12:00 - 13:30
Fondazione Eni Enrico Mattei
Isola di San Giorgio Maggiore
at FEEM Milan
h. 12.00 Seminar
Seminars Office, firstname.lastname@example.org
Carlo Orecchia, Fondazione Eni Enrico Mattei (FEEM) and Euro-Mediterranean Center on Climate Change (CMCC)
Southeast Asia is one of the most vulnerable regions of the World to the impacts of climate change. At the same time, the region is also following a trajectory that could make it a major contributor to greenhouse gas emissions in the future. A balanced growth that is more resource efficient and less destructive of environmental services is attainable, with major co-benefits for ecosystem resilience and human health.
Understanding the economic implications of policy options for low carbon growth is essential to formulate instruments that achieve the greatest emissions reductions at lowest cost. This study focuses on Indonesia and Southeast Asia. The analyses are based on two global dynamic economy-energy-environment models under an array of scenarios reflecting business as usual, fragmented climate policies, an approximately 2.4°C post 2020 global climate stabilization target, termed 650 parts per million (ppm) carbon dioxide (CO2) equivalent (eq), and an approximately 2°C global target (termed 500 ppm CO2 eq). Averted deforestation through reducing emissions from forest degradation and deforestation (REDD) was included in some scenarios. One of the models (the World Induced Technical Change Hybrid model, WITCH) focuses on detailed representation of energy sector innovation, while the other (the Intertemporal Computable Equilibrium System, ICES) focuses on more detailed depiction of economic sectors.
This seminar has been jointly organized by CMCC and FEEM.