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Climate policy insights from an open-source economy-wide model

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  • Niven Winchester

Abstract

Computable general equilibrium (CGE) models can be used to quantify the economic and emissions impacts of climate policies. The Climate PoLicy ANalysis (C-PLAN) model is a CGE model built for Climate Change Commission (CCC). Insights from the model indicate that (1) the economy-wide cost of meeting New Zealand’s 2050 emissions targets is less than one percent of GDP in that year, and (2) the development of a methane-reducing technology for livestock is a key driver of the costs of abating emissions. As the C-PLAN model is documented and open-source, it is hoped that the model contributes to meeting climate goals in New Zealand and other countries.

Suggested Citation

  • Niven Winchester, 2023. "Climate policy insights from an open-source economy-wide model," New Zealand Economic Papers, Taylor & Francis Journals, vol. 57(2), pages 179-183, May.
    • Handle: RePEc:taf:nzecpp:v:57:y:2023:i:2:p:179-183
    DOI: 10.1080/00779954.2022.2142153
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