"Climate Change Integrated Assessment Modeling: A Half-Day Workshop"
Sponsored by the Duke University Energy Initiative
Integrated assessment models (IAM), which couple economic behavior, atmospheric geochemistry and climate change impacts, are useful tools for examining climate change policies. They provide a consistent way of looking jointly at the economy and climate systems, are able to model temperature, concentration, and emissions, and can measure both costs and benefits of alternate interventions.
This half-day workshop is designed to introduce PhD economists (or advanced graduate students) to the nuts-and-bolts of building a simple IAM using the GAMS modeling software. It will begin with a presentation on how to couple a Ramsey growth model with climate change dynamics, and then how to investigate policy scenarios related to the role of technology, mitigation policy and adaptation. A hands-on exercise, where participants are provided with code that can be run on their own computers, will be used to familiarize participants with the software. A second presentation will then explore practical issues confronting IAMs: calibration to baseline GDP forecasts and uncertainty.
The course will be taught by Thomas F. Rutherford, author of GAMS/MCP and GAMS/MPSGE and Professor of Agricultural and Applied Economics at the University of Wisconsin.
8am-12pm, Wednesday, June 6
Grove Park Inn