Title: Climate change, economic growth and sustainability: issues, Australian dynamic integrated general equilibrium model and policy options

Authors: Sardar M.N. Islam

Addresses: Sustainable Economic Growth Program, Centre for Strategic Economic Studies, Victoria University of Technology, City Campus, P.O. Box 14428, Melbourne City MC, Victoria 8001, Australia

Abstract: The present study is an example of the potential for developing a climate change and economic growth model and policy analysis for a particular country. It develops a dynamic general equilibrium model of climate and the economy for Australia, as a non-cooperative differential game, to address the global warming and growth concerns and issues faced in Australia. It presents the current and future forecasts and implications for climate, economic growth and policy in the Australian economy. The results show that the benefit of emission abatement is higher than its cost. As there is no such long-horizon growth model and forecasts for the Australian economy, the results of the present model are useful in understanding the long-term dynamics of the ecosystem and the economy.

Keywords: climate change; dynamic modelling; Australia; ecosystem; economy; emission abatement.

DOI: 10.1504/IJESD.2004.004702

International Journal of Environment and Sustainable Development, 2004 Vol.3 No.2, pp.177 - 193

Published online: 07 Jul 2004 *

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