Southeast Asia and the Economics of Global Climate Stabilization

The study applies two global dynamic economy–energy– environment models: the World Induced Technical Change Hybrid (WITCH) model, which focuses on the detailed representation of energy sector innovation, and the Intertemporal Computable Equilibrium System (ICES), which focuses on more disaggregated the depiction of economic sectors. Within the scenarios, the cost of climate change inaction, changes that achieve mitigation, costs of climate action, co-benefits of mitigation responses, and benefits of avoided climate change are assessed.