Within-country inequality and climate change - A model for IAMs with an application to multiple countries

Conference paper (2024)

Authors

Yu Zheng Centre d'études prospectives et d'informations internationales

Johannes Emmerling European Institute for the Economics and the Environment (EIEE)

Carolina Grottera Universidade Federal Fluminense

G. Marangoni Policy Analysis -

Research Group

Policy Analysis () (TU Delft)

Climate Change Inequality IAMs Carbon Prices Socioeconomic Scenarios

To reference this document use:

http://resolver.tudelft.nl/uuid:fd95a574-af1a-4c26-b5b0-b706ac9e56dc

More Info

expand_more

Published Date

2024

Language

English

Reuse Rights

Other than for strictly personal use, it is not permitted to download, forward or distribute the text or part of it, without the consent of the author(s) and/or copyright holder(s), unless the work is under an open content license such as Creative Commons.

Faculty

Technology, Policy and Management

Department

Multi Actor Systems

Research Group

Policy Analysis

Abstract

The role of inequality for the evaluation and policy response to climate change has received great attention in recent years. Yet, endogenizing the evolvement of inequality has so far not been addressed with standard IAMs widely used. We address this research gap by developing an inequality module based on household deciles and an optimization routine for each group of households. Capturing skill premia, capital income dynamics, and consumption heterogeneity including energy and food consumption, we are able to endogenously simulate the impact of carbon prices and other macroeconomic drivers on the evolvement of inequality consistent with the IAM socioeconomic and climate scenarios. Moreover, we validate the module by a hind-casting exercise and find broad consistence with observed inequality trends.

Files

12212.pdf

(pdf | 0.393 Mb)

Unknown license