"CIM-EARTH: Community Integrated Model of Economic and Resource Trajectories for Humankind"
J. Elliott, I. Foster, K. Judd, E. Moyer, and T. Munson
Technical Memorandum ANL/MCS-TM-307
Preprint Version: [pdf]
Climate change is a global problem with local climatic and economic impacts. Mitigation policies can be applied on large geographic scales, such as a carbon cap-and-trade program for the entire U.S., on medium geographic scales, such as the NO[sub x] program for the northeastern U.S., or on smaller scales, such as statewide renewable portfolio standards and local gasoline taxes. To enable study of the environmental benefits, transition costs, capitalization effects, and other consequences of mitigation policies, we are developing dynamic general equilibrium models capable of incorporating important climate impacts. This report describes the economic framework we have developed and the current Community Integrated Model of Economic and Resource Trajectories for Humankind (CIM-EARTH) instance.