Application of computable general equilibrium (CGE) to climate change mitigation policy: A systematic review

Babatunde, Kazeem Alasinrin; Begum, Rawshan Ara; Said, Fathin Faizah

doi:10.1016/j.rser.2017.04.064

Cited by 202 publications

(88 citation statements)

References 73 publications

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“…Our joint analysis of CO 2 and local air pollution emissions is also enabled by the use of TIMES. The shortcomings of our approach center on two areas: the inability to estimate tax incidence and intersectoral spillovers, which would be enabled by computable general equilibrium models (Babatunde et al 2017).…”

Section: Introductionmentioning

confidence: 99%

Near term carbon tax policy in the US Economy: limits to deep decarbonization

Roth

Adams

Jaramillo

et al. 2020

Environ. Res. Commun.

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This paper explores carbon dioxide (CO 2 ) tax policies from 2015 to 2030 in the United States economy using an energy system least-cost optimization model. We report limited near-term decarbonization opportunities outside of the electricity sector, which results in substantial CO 2 tax revenue through 2030. Second, because the social cost of carbon is uncertain, we find asymmetric deadweight loss from implementing mistakenly high or low CO 2 taxes, providing efficiency-based support for the precautionary principle. Third, despite CO 2 reductions occurring mainly in the electric sector, the abatement estimated herein is consistent with the US nationally determined contributions established under the Paris

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Section: Introductionmentioning

confidence: 99%

Near term carbon tax policy in the US Economy: limits to deep decarbonization

Roth

Adams

Jaramillo

et al. 2020

Environ. Res. Commun.

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“…Climate change is a natural phenomenon, but the increase in greenhouse gases due to human activities, which alters the climatic system, have become triggers for more rapid changes and influences the occurrence of extreme climatic events [1]. Climate change contributes to increased frequency of extreme weather events, such as drought [2].…”

Section: Introductionmentioning

confidence: 99%

Research Trends of Hydrological Drought: A Systematic Review

Hasan

Razali

Muhammad

et al. 2019

Water

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The frequency and severity of global drought-induced impacts have led to raising awareness of the need for improved river management. Although academic publications on drought have proliferated, a systematic review of literature has not yet been conducted to identify trends, themes, key topics, and authorships. This study aims to evaluate the scientific evidence for the hydrological drought characteristics and the methodologies by performing as a framework. This systematic review performed three-stage screening of literature review for current applicable hydrological drought studies that have been conducted since the year of 2000 concerning methodologies, literature research gaps, and trends, and contribute to future studies. The analysis shows the increasing trends of research and publications in the hydrological drought assessment. The primary research themes are hydrological drought is drought severity, drought vulnerability, and drought forecast. Despite the current research findings, spatial and temporal variability, low flow analysis and regional modelling are the most important to encourage a holistic approach and international collaborations. The finding identified the shortcomings of most research, which are the use of non-standardized methodological and distinct sample sizes, resulting in data summary challenges and unrealistic comparisons.

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“…Having solved the model for the initial period to replicate a particular year (a benchmark) in the past, a dynamic baseline growth path (business-as-usual) of the economy needs to be simulated in the model in order to be able to compare other scenarios related to reduced timber supply due to pest infestation, for example [32]. In brief, a CGE model is a mathematical presentation of the economy, from a household to a country, even to the entire world economy, enabling an assessment of welfare impacts associated with scenarios and/or policies [33,34].…”

Section: Introductionmentioning

confidence: 99%

“…Most recently, CGE models have been applied to assess climate change mitigation policies [for an exhaustive review, see Ref. [34]], forest-based carbon sequestration policy [41] and the economic impacts of pest infestation [32]. However, there are few (if any) CGE articles tackling the economic potential of intensive forest management.…”

Section: Introductionmentioning

confidence: 99%

Regional socio-economic impacts of intensive forest management, a CGE approach

Karttunen

Ahtikoski

Kujala

et al. 2018

Biomass and Bioenergy

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The demand for and supply of forest biomass have both been increasing in recent years, which will set new requirements for forest management. Thus, new studies on regionally suitable forest management regimes to fulfill the needs of potential new investments and the impacts on wood supply potential on regional socioeconomic welfare are called for. The aim of this study was to examine the impacts of intensive forest management due to increased demand for wood biomass, from the regional economy point of view. In particular, the impact of intensive forest management on 1) regional gross domestic product (GDP), 2) private consumption, and 3) employment were assessed. The study was carried out by using computable general equilibrium (CGE) modelling combined with the requisite statistics and simulation of regional forest potential in the future. The results showed that total regional forest biomass supply with more intensive forest management could be increased annually on average by 26% (1.7 Mm 3) by 2030 compared to the business as usual (BAU) scenario. In this study, regional demand was increased by a hypothetical saw mill (0.5 Mm 3) and biorefinery (0.7 Mm 3). Total regional socioeconomic benefits could be 2.8% (€150 M) for GDP, 1.5% (€49 M) for private consumption and 1.6% (780 person-years) for employment, larger by 2030 than in the BAU scenario including multiplier effects. The study demonstrated how much regional socioeconomic welfare would increase if regional wood demand with new investments combined with more intensive forest management and wood supply had more attention paid to it.

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Application of computable general equilibrium (CGE) to climate change mitigation policy: A systematic review

Cited by 202 publications

References 73 publications

Near term carbon tax policy in the US Economy: limits to deep decarbonization

Near term carbon tax policy in the US Economy: limits to deep decarbonization

Research Trends of Hydrological Drought: A Systematic Review

Regional socio-economic impacts of intensive forest management, a CGE approach

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