Low Carbon Pathways for Growth in India: Assessment of Climate Models

Abstract

Modelling the monetary impacts of climate change globally requires quantitative analysis of a very broad range of environmental, economic and social issues. Integrated Assessment Models (IAMs) provide a useful tool in this regard. Their estimates provide an important foundation for later work, and their results are valuable for informing policy. This chapter provides an overview of the existing models including the Mendelsohn, Dietz and Stern models. In addition it reviews the Indian models which include the NCEAR, TERI, IRADe and the McKinsey model. It also discusses the co-benefits approach proposed by Dubash (Econ Polit Weekly 48(22):47–62, 2013) in the Indian context.