This report develops a climate change economic impact assessment, applying the Intertemporal Computable Equilibrium System (ICES) model developed at CMCC. The inputs for the exercise derive from the updated estimation of climate change impacts conducted under GEMINA WP6.2.9 P55. They refer to...

This study details the first experiment conducted to couple the information relative to fossil fuel subsidies with the database and structure of the ICES CGE model developed at the CMCC, and to test the general performance of the model simulating their potential removal. Data for multi country...

In this paper we developed and tested an integrated methodology for assessing direct and indirect economic impacts of flooding. The methodology combines a spatial analysis of damage to physical stocks with a general economic equilibrium approach using a regionally-calibrated (to Italy) version...

This methodological report describes the steps and the modelling developments foreseen to include a more explicit ecosystem dimension inside the recursive-dynamic Intertemporal Computable Equilibrium System (ICES) Computable General Equilibrium (CGE) model. The modelling strategy hinges upon the...

Future energy demand will be affected by changes in prices and income, but also by other factors, like temperature levels. This paper draws upon an econometric study, disentangling the contribution of temperature in the determination of the annual regional demand for energy goods. Combining...

This work develops a framework for the analysis at the macro-level of the relationship between adaptation and mitigation policies. The FEEM-RICE growth model with stock pollution, endogenous Ramp;D investment and emission abatement is enriched with a planned-adaptation module where a defensive...

Southeast Asia is at a time one of the most vulnerable region to the impacts of a changing climate, with millions of its inhabitants still trapped in extreme poverty without access to energy and employed in climate-sensitive sectors, and, potentially, one of the world's biggest contributors to...

This paper contributes to the normative literature on mitigation and adaptation by framing the question of the optimal policy balance in the context of climate catastrophic risk. The analysis uses the WITCH integrated assessment model presenting updates both in its climate change damage and...

Deforestation is a major source of CO2 emissions, accounting for around 17% of total annual anthropogenic carbon release. While the costs estimates of reducing deforestation rates considerably vary depending on model assumptions, it is widely accepted that emissions reductions from avoided...

Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and...