@article{Newth:332624,
      recid = {332624},
      author = {Newth, David and Gunasekera, Don and Cai , Yiyong},
      title = {Coupling Socioeconomic Factors into a Global Earth System  Model: An Inter-comparison of the Socio-Economic  Consequence of the IPCC RCP8.5 and RCP4.5 scenarios},
      address = {2015},
      year = {2015},
      note = {Presented at the 18th Annual Conference on Global Economic  Analysis, Melbourne, Australia},
      abstract = {There is growing scientific evidence on the increased  likelihood of considerable global warming over the coming  century. The United Nations Framework Convention on Climate  Change (UNFCCC) advocates measures to stabilize greenhouse  gases at a level that would prevent dangerous anthropogenic  interference with the climate system. The full implications  of climate change on the environment and society will  depend not only on the response of the climate system to  changes in greenhouse gas concentrations, but also on the  actions that humankind takes to mitigate and adapt to those  changes, through the use of technology, economic structures  and incentives, lifestyle choices, institutional and policy  settings.   To explore the economic implications of moving  to a low carbon economy, and the implications of a shifting  climate on the global economy we couple the CSIRO version  of the Global Trade and Environment Model (GTEM-C) to the  Australian Community Climate Earth System Simulator Coupled  Model (ACCESS-CM) via a set of widely studied damage  functions. Like the original GTEM model, GTEM-C is a  multi-region, multi-sector dynamic recursive CGE model that  has a detailed energy technology bundle. In this version of  GTEM, we have included detailed accounting of energy and  resources flows that are embedded in traded energy goods,  along with some additional features, such as a coupling for  exporting GHG emission and other environmental pollutants  to ACCESS-CM.    In this modelling exercise, ACCESS-CM and  GTEM-C are forced to follow the IPCC RCP8.5 and RCP4.5  Representative Concentration Pathway emissions  trajectories. The projected surface air temperatures are  used to calculate changes in total factor productivity, via  a set of well-known damage functions. These climate  feedbacks are taken to GTEM-C as exogenous shocks to the  socio-economic system, and GTEM-C solves for the set of  policy, economic, welfare constraints so that its projected  carbon emissions comply with the d...},
      url = {http://ageconsearch.umn.edu/record/332624},
}