000332624 001__ 332624
000332624 005__ 20230304054528.0
000332624 041__ $$aeng
000332624 245__ $$aCoupling 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
000332624 260__ $$c2015
000332624 269__ $$a2015
000332624 336__ $$aConference Paper/ Presentation
000332624 500__ $$aPresented at the 18th Annual Conference on Global Economic Analysis, Melbourne, Australia
000332624 520__ $$aThere 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...
000332624 546__ $$aEnglish
000332624 650__ $$aEnvironmental Economics and Policy
000332624 6531_ $$aClimate change policy
000332624 6531_ $$aClimate impacts
000332624 700__ $$aNewth, David
000332624 700__ $$aGunasekera, Don
000332624 700__ $$aCai , Yiyong
000332624 773__ $$j2015
000332624 8564_ $$99088d468-014f-4245-be56-71744a0b6237$$s295252$$uhttps://ageconsearch.umn.edu/record/332624/files/7397.pdf
000332624 909CO $$ooai:ageconsearch.umn.edu:332624$$pGLOBAL_SET
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