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43rd IAEE International Conference
“Mapping the Energy Future – Voyage in Uncharted Territory”
Tokyo, 31 July – 4 August 2022
IAEE – International Association of Energy Economics

Fondazione Eni Enrico Mattei takes part in the 43rd IAEE International Conference “Mapping the Energy Future – Voyage in Uncharted Territory”.

Chiara Castelli, FEEM Researcher, will intervene as speaker in the Session B2. Energy Modeling 2 presenting the paper “A Regional Integrated Assessment Model of Climate and the Economy: Which Role for the Mediterranean Region?by Chiara Castelli, Camilla Gusperti, Marta Castellini, Veronica Lupi, Sergio Vergalli.

The research work illustrates the latest main findings of the RICE-MED model, with a focus on the update of the Regional Dynamic Integrated model of Climate and the Economy (RICE) developed by Nordhaus and Boyer (2000) up to 2015, to consider the impact of different climate policy scenarios on the main socio-economic variables (e.g. output, consumption, population) as well as on the evolution of CO2 emissions.

In addition, the research group extends the original regionalization framework (i.e. USA, China, Europe, Russia and Eastern Europe, Other High-Income countries, Middle-Income countries and Low-Income countries) to include an additional Mediterranean region which has been identified as a ”hot spot” of climate change in literature (Galeotti 2020; Tuel and Eltahir, 2020).

In doing so, the research work exploits the regional heterogeneity to discuss the possible regional climate impact and economic damages, with the aim to understand what are the economic and climate effects of the current climate targets on the regions included in RICE-MED and how the increase in temperature affects the MED region in terms of production. A specific focus is dedicated to the agricultural sector