Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301107 
Year of Publication: 
2024
Series/Report no.: 
Working Paper No. 20.2024
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
The goal of this work is to improve the spatial representation of the Regional Dynamic Integrated model of Climate and the Economy (RICE), in its '99 version, focusing on the Mediterranean countries, while also updating the calibration to the base year 2015. We evaluate the impact of climate damages and temperature changes in several scenarios, drawing comparisons across regions. Thanks to the theoretical structure of the model, which considers energy as an explicit input factor, we examine macroeconomic and energy indicators across regions. We find that a general slow down in economic growth is needed to decrease emissions and keep temperature change within 2êC by the end of this century. Our results are embedded in a framework showing the costs of delaying the energy transition. Our figures relies on fossil-fuel inputs and exogenous energy saving improvements.
Subjects: 
IAMs
climate change
social cost of carbon
emissions
temperature
energy
Mediterranean region
Mediterranean countries
JEL: 
Q54
H23
R13
Document Type: 
Working Paper

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