The impact on the Scottish economy of reducing greenhouse gas emissions in Scotland: Illustrative findings from an experimental computable general equilibrium model for Scotland: Final Report October 2008

Abstract

First paragraph: This project uses an experimental energy-economy-environment computable general equilibrium (CGE) model of the Scottish economy (AMOSENVI) to conduct illustrative simulations of the economic and environmental impacts of various options to reduce the generation of CO2 emissions (as the main greenhouse gas) in Scotland. These simulations are illustrative in nature because the process of appropriate database development and model specification for a comprehensive and accurate analysis of climate change policy issues for Scotland, while advanced relative to many regional (and even national) economies, is still in its very early stages. One of the key objectives of this project is to illustrate the potential value-added to Scotland's analytical capacity if further investment is made (by both the policy community, particularly in terms of data provision, and the research community, with public support, for example by seeking support from the research councils) in developing an appropriate CGE modelling framework.