Integrated Assessment Models I
In the fifth video of this series on the Macroeconomics of Climate Change, Amit focuses on models that are used to assess the economic impact of climate change. The class of models he discusses is this video are Integrated Assessment Models or IAMs. Amit outlines why IAMs are the most widely used models among social scientists specialising in climate-related issues.
Overview
Amit focuses on models that are used to evaluate the economic consequences of climate change in this video. The models he'll talk about are known as Integrated Assessment Models, or IAMs, and the reason for choosing these over others is that IAMs are the most widely used by social scientists who specialise in climate-related problems.
Key learning objectives:
What are Integrated Assessment Models?
What are the key components of an IAM?
How can the climate module be used to assess the economic impact of climate change?
Summary
Expert
Amit Kara
Amit is Associate Research Director for Global Macroeconomic Analysis at NIESR. He is a macroeconomist with experience in central banking, investment banking, commercial banking and corporate credit rating. He has most recently worked at HSBC where he helped design the forward economic guidance input for IFRS 9. Amit is currently working on two substantial research projects related to the macroeconomic impact of climate change.
