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Assessing the Economic Impacts of Climate Change. An Updated CGE Point of View AgEcon
Bosello, Francesco; Eboli, Fabio; Pierfederici, Roberta.
The present research describes a climate change integrated impact assessment exercise, whose economic evaluation is based on a CGE approach and modeling effort. Input to the CGE model comes from a wide although still partial set of up-to-date bottom-up impact studies. Estimates indicate that a temperature increase of 1.92°C compared to pre-industrial levels in 2050 could lead to global GDP losses of approximately 0.5% compared to a hypothetical scenario where no climate change is assumed to occur. Northern Europe is expected to benefit from the evaluated temperature increase (+0.18%), while Southern and Eastern Europe are expected to suffer from the climate change scenario under analysis (-0.15% and -0.21% respectively). Most vulnerable countries are the...
Tipo: Working Paper Palavras-chave: Computable General Equilibrium Modeling; Impact Assessment; Climate Change; Environmental Economics and Policy; C68; Q51; Q54.
Ano: 2012 URL: http://purl.umn.edu/121700
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The economic assessment of changes in ecosystem services: and application of the CGE methodology AgEcon
Bosello, Francesco; Eboli, Fabio; Parrado, Ramiro; Nunes, Paulo A.L.D.; Ding, Helen; Rosa, Renato.
The present study integrates Computable General Equilibrium (CGE) modelling with biodiversity services, proposing a possible methodology for assessing climate-change impacts on ecosystems. The assessment focuses on climate change impacts on carbon sequestration services provided by European forest, cropland and grassland ecosystems and on provisioning services, but provided by forest and cropland ecosystems only. To do this via a CGE model it is necessary to identify first the role that these ecosystem services play in marketable transactions; then how climate change can impact these services; and finally how the economic system reacts to those changes by adjusting demand and supply across sectors, domestically and internationally
Tipo: Journal Article Palavras-chave: Climate change; Ecosystems services; Integrated assessment; CGE; Environmental Economics and Policy; C68; Q51; Q54; Q57.
Ano: 2011 URL: http://purl.umn.edu/117622
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REDD in the Carbon Market: A General Equilibrium Analysis AgEcon
Bosello, Francesco; Eboli, Fabio; Parrado, Ramiro; Rosa, Renato.
Deforestation is a major source of CO2 emissions, accounting for around 17% of total annual anthropogenic carbon release. While the cost estimates of reducing deforestation rates vary considerably depending on model assumptions, it is widely accepted that emissions reductions from avoided deforestation consist of a relatively low cost mitigation option. Halting deforestation is therefore not only a major ecological challenge, but also a great opportunity to cost effectively reduce climate change negative impacts. In this paper we analyze the impact of introducing avoided deforestation credits into the European carbon market using a multiregional Computable General Equilibrium model – the ICES model (Inter-temporal Computable Equilibrium System). Taking...
Tipo: Working or Discussion Paper Palavras-chave: Forestry; Avoided Deforestation; Climate Change; Emission Trading; General Equilibrium Modelling; Environmental Economics and Policy; D58; Q23; Q54.
Ano: 2010 URL: http://purl.umn.edu/98100
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Climate Change Feedback on Economic Growth: Explorations with a Dynamic General Equilibrium Model AgEcon
Eboli, Fabio; Parrado, Ramiro; Roson, Roberto.
Human-generated greenhouse gases depend on the level of economic activity. Therefore, most climate change studies are based on models and scenarios of economic growth. Economic growth itself, however, is likely to be affected by climate change impacts. These impacts affect the economy in multiple and complex ways: changes in productivity, resource endowments, production and consumption patterns. We use a new dynamic, multi-regional Computable General Equilibrium (CGE) model of the world economy to answer the following questions: Will climate change impacts significantly affect growth and wealth distribution in the world? Should forecasts of human-induced greenhouse gases emissions be revised, once climate change impacts are taken into account? We found...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/52339
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