{"id":30184,"date":"2023-02-21T08:55:14","date_gmt":"2023-02-21T08:55:14","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=30184"},"modified":"2023-02-21T08:55:14","modified_gmt":"2023-02-21T08:55:14","slug":"economic-models-for-climate-change-and-energy-policies","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/economic-models-for-climate-change-and-energy-policies\/30184\/","title":{"rendered":"Economic models for climate change and energy policies"},"content":{"rendered":"
Carbon concentration due to global greenhouse gas emissions continues to rise at an alarming rate, according to climatologists. It contributes to the phenomenon of climate change. Meanwhile, Member States of the European Union (EU) have coordinated their efforts to mitigate the effects of climate change in a policy package \u2013 the European Green Deal. It follows the adoption of the 2015 Paris Agreement, for which countries have to adopt concrete measures to fulfil their commitment.<\/p>\n
Through their policies, European Member States have adopted measures to mitigate climate change causes. These measures concern the reduction of greenhouse gas emissions, the increase in the use of renewable energy, and the improvement of energy efficiency. Also, they support adaptation measures to limit the adverse costs of actual and anticipated impacts such as floods, droughts, and extreme weather events.<\/p>\n
High economic costs can arise from climate change and policies that respond to it. Therefore, economic modelling provides policymakers with valuable insights into their policies. What are the economic and distributional impacts of climate change? Are policies economically efficient and politically viable? How can technological and social innovations contribute to the solution?<\/p>\n