Integrated Assessment Models for Climate Change

Integrated Assessment Models for Climate Change

Bosetti V., (2021), Integrated Assessment Models for Climate Change, Oxford Research Encyclopedia of Economics and Finance, DOI: 10.1093/acrefore/9780190625979.013.572, webpage

Abstract

To guide climate change policymaking, we need to understand how technologies and behaviors should be transformed to avoid dangerous levels of global warming and what the implications of failing to bring forward such transformation might be. Integrated assessment models (IAMs) are computational tools developed by engineers, earth and natural scientists, and economists to provide projections of interconnected human and natural systems under various conditions.
These models help researchers to understand possible implications of climate inaction. They evaluate the effects of national and international policies on global emissions and devise optimal emissions trajectories in line with long-term temperature targets and their implications for infrastructure, investment, and behavior. This research highlights the deep interconnection between climate policies and other sustainable development objectives.
Evolving and focusing on one or more of these key policy questions, the large family of IAMs includes a wide array of tools that incorporate multiple dimensions and advances from a range of scientific fields.

Start typing and press Enter to search