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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.

Suggested Citation

  • Truong P. Truong & Claudia Kemfert, 2010. "WIATEC: A World Integrated Assessment Model of Global Trade Environment and Climate Change," Discussion Papers of DIW Berlin 1021, DIW Berlin, German Institute for Economic Research.
    • Handle: RePEc:diw:diwwpp:dp1021
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.357835.de/dp1021.pdf
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    References listed on IDEAS

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    1. Claudia Kemfert & Jochen Diekmann, 2009. "Emissions Trading and Promotion of Renewable Energy: We Need Both," Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 5(14), pages 95-100.
    2. Perroni, Carlo & Rutherford, Thomas F, 1998. "A Comparison of the Performance of Flexible Functional Forms for Use in Applied General Equilibrium Modelling," Computational Economics, Springer;Society for Computational Economics, vol. 11(3), pages 245-263, June.
    3. Lee, Huey-Lin & Thomas Hertel & Brent Sohngen & Navin Ramankutty, 2005. "Towards An Integrated Land Use Database for Assessing the Potential for Greenhouse Gas Mitigation," GTAP Technical Papers 1900, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    4. 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).
    5. 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).
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    1. 34. Notable Women researchers on Economics
      by Euro American Association EAAEDS in Euro-American Association: World Development on 2018-10-09 19:52:00

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    Cited by:

    1. Truong, Truong P. & Hamasaki, Hiroshi, 2021. "Technology substitution in the electricity sector - a top down approach with bottom up characteristics," Energy Economics, Elsevier, vol. 101(C).
    2. Cai, Yiyong & Arora, Vipin, 2015. "Disaggregating electricity generation technologies in CGE models: A revised technology bundle approach with an application to the U.S. Clean Power Plan," Applied Energy, Elsevier, vol. 154(C), pages 543-555.

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    More about this item

    Keywords

    Integrated Assessment Model; Technological Change; Climate Policy;
    All these keywords.

    JEL classification:

    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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