Authors
Bram Renting
Phillip Wozny
Robert Loftin
Claudia Wieners
Erman Acar
Date (dd-mm-yyyy)
2023-07-01
Title
AI4GCC - Team: Below Sea Level: Critiques and Improvements
Journal
[No source information available]
Publication Year
2023-07-01
Document type
Article
Abstract
We present a critical analysis of the simulation framework RICE-N, an integrated assessment model (IAM) for evaluating the impacts of climate change on the economy. We identify key issues with RICE-N, including action masking and irrelevant actions, and suggest improvements such as utilizing tariff revenue and penalizing overproduction. We also critically engage with features of IAMs in general, namely overly optimistic damage functions and unrealistic abatement cost functions. Our findings contribute to the ongoing efforts to further develop the RICE-N framework in an effort to improve the simulation, making it more useful as an inspiration for policymakers.
Permalink
https://hdl.handle.net/11245.1/c4985eab-351e-4c10-8d35-b8915e76288a
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