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UID:410e13fa0ede0b54309124fe1fe30ff6
CATEGORIES:Seminars
CREATED:20150105T143242
SUMMARY:Tony Smith - Yale University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:A Global-Economy Climate Model with High Regional Resolution\nAbstract:\nTh
 is paper develops a dynamic, global, economy-climate (or integrated-assessm
 ent) model with high regional resolution. The model features a very large n
 umber of regions and substantial region-specific detail; rich economic inte
 ractions between regions (such as capital flows); and uncertainty about wea
 ther and climate. The model is used, one, to measure the heterogeneous effe
 cts across different regions of climate change and climate policy and, two,
  to study the global effects of heterogeneous policy (such as carbon taxes 
 that vary by region). The model thus expands substantially on the canonical
  DICE and RICE models, pushing out the research frontier to allow the quant
 itative evaluation of climate change and climate policy at a level of geogr
 aphic resolution that those models do not permit. It also introduces econom
 ic mechanisms—such as spatial adaptation, leakage in response to differenti
 al climate policy across regions, and (partial) insurance against shocks to
  weather and climate—upon which these models are silent. The model delivers
  quantitative evaluations of welfare for each of its 19,000 regions. Welfar
 e differs by region both because climate change affects regions differently
  and because climate policy differs across regions. The model can therefore
  assess quantitatively the distributional effects of climate change and cli
 mate policy.\n
DTSTAMP:20260405T185500Z
DTSTART:20140310T173000Z
DTEND:20140310T190000Z
SEQUENCE:0
TRANSP:OPAQUE
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