Macroeconomic Modelling for Climate Policy Planning
The article presents macroeconomic modelling as a valuable tool for climate resilient economic development. It allows decisionmakers to include long-term socio-economic impacts of climate hazards and respective adaptation measures in their considerations enabling them to reduce risks associated with climate change. The article illustrates a simplified E3 (Economy-Energy-Emission) model prototype based on international datasets to be applied to climate change adaptation related issues.
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