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WIATEC: A World Integrated Assessment Model of Global Trade Environment and Climate Change

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  • Truong P. Truong
  • Claudia Kemfert

Abstract

This paper describes the structure of the World Integrated Assessment model of global Trade, Environmental, and Climate change (WIATEC).The model consists of a multi-regional multi-sectoral core CGE model linked to a climate model. The core CGE is based on an existing global trade and environment model called GTAP-E (Truong, 1999; Burniaux and Truong, 2002). A suite of different and interchangeable 'modules' are then built around this 'core' to enable the model to be able to handle a range of different policy issues such as CO2 emissions, abatement, trading, non-CO2 (CH4 and N2O) emissions, land use land use change and forestry (LULUCF) activities, and changing technologies in the electricity generation sector. The approach which uses a core model structure with different additional modules built around this core structure allows the overall model to be flexible and can be adapted to a range of different policy issues. We illustrate the usefulness of this approach in a policy experiment which looks at the interaction between emissions trading scheme and the promotion of renewable energy targets in the European Union climate policy.

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File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.357835.de/dp1021.pdf
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Bibliographic Info

Paper provided by DIW Berlin, German Institute for Economic Research in its series Discussion Papers of DIW Berlin with number 1021.

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Length: 42 p.
Date of creation: 2010
Date of revision:
Handle: RePEc:diw:diwwpp:dp1021

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Related research

Keywords: Integrated Assessment Model; Technological Change; Climate Policy;

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  1. Perroni, Carlo & Rutherford, Thomas F, 1998. "A Comparison of the Performance of Flexible Functional Forms for Use in Applied General Equilibrium Modelling," Computational Economics, Society for Computational Economics, vol. 11(3), pages 245-63, June.
  2. Paul K. Gorecki & Seán Lyons & Richard S. J. Tol, 2009. "EU Climate Change Policy 2013-2020: Using the Clean Development Mechanism More Effectively," Papers WP299, Economic and Social Research Institute (ESRI).
  3. Böhringer, Christoph & Rutherford, Thomas F. & Tol, Richard S. J., 2009. "The EU 20/20/2020 Targets: An Overview of the EMF22 Assessment," Papers WP325, Economic and Social Research Institute (ESRI).
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