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A Tale of Two Regions: A North and South Macroeconomic- Ecological Model

二つの地域の物語:北部と南部のマクロ経済・生態モデル (AI 翻訳)

B. Badenhorst, Kiash Baldeo, Kgaugelo Bopape, Matheus R. Grasselli, Emma Kroell, Daniel Presta

International Journal of Theoretical and Applied Finance📚 査読済 / ジャーナル2026-06-04#炭素価格
DOI: 10.1142/s0219024926500135
原典: https://doi.org/10.1142/s0219024926500135

🤖 gxceed AI 要約

日本語

本論文は、GEMMES気候経済モデルを2地域(グローバル・ノースとサウス)に拡張し、貿易を通じた相互作用を考慮。各地域は独自の炭素価格政策と排出削減補助金を決定し、気候変動による異なる被害を受ける。2016年までのデータで較正し、2024年までの予測を検証、3つの将来シナリオと北から南への財政移転の効果を分析。

English

This paper extends the GEMMES climate-economic model to two regions (Global North and South) interacting through trade. Each region independently sets carbon pricing and abatement subsidies, facing distinct climate damages. The model is calibrated to pre-2016 data and tested up to 2024. Three scenarios and financial transfers from North to South are analyzed for their effects.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

日本は2050年カーボンニュートラル目標を掲げ、炭素価格制度の導入を検討中。本モデルは地域間政策協調の重要性を示唆し、日本がアジア途上国との連携を考える上で参考になる。

In the global GX context

This model provides a framework for analyzing carbon pricing policies and financial transfers between developed and developing regions. It aligns with global discussions on climate finance and differentiated responsibilities under the Paris Agreement.

👥 読者別の含意

🔬研究者:Provides a two-region extension of the GEMMES model for studying climate-economy interactions and policy spillovers.

🏛政策担当者:Offers insights into the macroeconomic effects of carbon pricing and the potential role of North-South transfers in climate mitigation.

📄 Abstract(原文)

We extend the GEMMES climate-economic model proposed in Bovari et al. (2018a) by considering two regions, a Global North and a Global South, interacting through trade. Each region decides on its own carbon pricing policy and abatement subsidies independently, leading to separate paths for industrial emissions, which contribute together to the increase of atmospheric carbon concentration and global average increase in temperature. The two regions are subject to distinct damages caused by climate change, leading to separate paths for economic variables such as output and inflation. We calibrate the model to data available up to 2016 and test the predictions up to 2024, finding broad agreement for the key variables in the model. We then investigate three different scenarios for future damages and climate policies and their effects on each of the regions, as well as a case study for financial transfers from the North to the South to help mitigate climate change. We conclude with a sensitivity analysis of the proposed model using similar techniques previously used to analyze the original GEMMES model.

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