Governments Can Reshape Economies with Energy and Climate Policies
This study explains how computer models can help understand the effects of energy and climate policies on the economy. The researchers used a type of model called CGE, which considers how different parts of the economy interact. By feeding economic data into the model, they can calculate how changes in prices or quantities impact the whole economy. This helps them see the wide-reaching effects of energy and climate policies on things like prices and production. The findings help policymakers make informed decisions on how these policies can affect the economy as a whole.