Macroeconomic Modelling for Climate Policy Planning

05/2022 | Educational material

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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