FEEM working papers "Note di lavoro" series
2001 .071

Economy-Energy-Climate InteractionThe Model Wiagem


Authors: Claudia Kemfert
Series: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Journal
Keywords: Integrated Assessment Modelling,Kyoto mechanisms
JEL n.: D58,C68,Q40
JEL: Integrated Assessment - An International Journal
Pages: Vol. 3, No. 4, 2002
Date: 2002

Abstract

This paper presents an integrated economy-energy-climate model WIAGEM (World Integrated Assessment General Equilibrium Model) which incorporates economic, energetic and climatic modules in an integrated assessment approach. In order to evaluate market and non–market costs and benefits of climate change WIAGEM combines an economic approach with a special focus on the international energy market and integrates climate interrelations by temperature changes and sea level variations. WIAGEM bases on 25 world regions which are aggregated to 11 trading regions and 14 sectors within each region. The representation of the economic relations is based on an intertemporal general equilibrium approach and contains the international markets for oil, coal and gas. The model incorporates all greenhouse gases (GHG) which influence the potential global temperature, the sea level variation and the assessed probable impacts in terms of costs and benefits of climate change. Market and non market damages are evaluated due to the damage costs approaches of Tol (2001).Additionally, this model includes net changes in GHG emissions from sources and removals by sinks resulting from land use change and forest activities. This paper describes the model structure in detail and outlines some general results, especially the impacts of climate change. As a result, climate change impacts do matter within the next 50 years, developing regions face high economic losses in terms of welfare and GDP losses. The inclusion of sinks and other GHG changes results significantly.
Download file
Download PDF file

FEEM Newsletter

Subscribe to stay connected.

Your personal data will be processed by Fondazione Eni Enrico Mattei. – data Controller – with the aim of emailing the FEEM newsletter. The use of Your email address is necessary for the implementation of the newsletter service. You are invited to read the Privacy Policy in order to obtain additional information about the protection of Your rights.

This Website uses technical cookies and cookie analytics, as well as “third party” profiling cookies.
If you close this banner or you decide to continue navigating on this Website, you express consent to the use of cookies. If you need additional information or you wish to express selective choices on the use of cookies, please refer to the   Cookie PolicyI agree