Template-Type: ReDIF-Article 1.0
Author-Name:  Claudia Kemfert, Truong P. Truong, and Thomas Bruckner 
Title:  Economic Impact Assessment of Climate Change - A Multi-gas Investigation with WIAGEM-GTAPEL-ICM
Classification-JEL: F0
Pages:  441-460
Volume:  Multi-Greenhouse Gas Mitigation and Climate Policy
Issue:  Special Issue #3
Year:  2006
Abstract:  Climate change is a long-term issue due to the long lifespan of greenhouse gases (GHG) and the delayed response of the climate system. This paper investigates the long-term economic consequences of both climate change impacts and mitigation efforts by applying the multi-regional, multi-sectoral integrated assessment model WIAGEM based on GTAP-EL coupled with the reduced-form multi-gas climate model ICM. We investigate emissions reduction paths to reach a radiative forcing target of 4.5 W/m2. Economic impacts are studied and compared with and without the inclusion of all GHG gases. We find that multi-gas emissions reduction causes less economic losses compared with a case where only CO2 emissions reductions would be considered. 
Handle: RePEc:aen:journl:2006SE_Weyant-a23
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=2205
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