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http://hdl.handle.net/10419/53280
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| Title: | | The 2008 WITCH model: New model features and baseline  |
| Authors: | | Bosetti, Valentina Tavoni, Massimo De Cian, Enrica Sgobbi, Alessandra |
| Issue Date: | | 2009 |
| Series/Report no.: | | Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 85.2009 |
| Abstract: | | WITCH is an energy-economy-climate model developed by the climate change group at FEEM. The model has been extensively used in the past 3 years for the economic analysis of climate change policies. WITCH is a hybrid top-down economic model with a representation of the energy sector of medium complexity. Two distinguishing features of the WITCH model are the representation of endogenous technological change and the game-theoretic set-up. Technological change is driven by innovation and diffusion processes, both of which feature international spillovers. World countries are grouped in 12 regions which interact with each other in a setting of strategic interdependence. This paper describes the updating of the base year data to 2005 and some new features: the inclusion of non-CO2 greenhouse gases and abatement options, the new specification of low carbon technologies and the inclusion of reducing emissions from deforestation and degradation. |
| Subjects: | | Climate Policy Hybrid Modelling Integrated Assessment Technological Change |
| JEL: | | O33 O41 Q43 |
| Document Type: | | Working Paper |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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