Equilibrium Modeling for Environmental Science: Exploring the Nexus of Economic Systems and Environmental Change

Abstract

Equilibrium models (EMs) are frequently employed to examine the potential impacts of economic, energy, and trade policies as well as form the foundation of most integrated assessment models. Despite their central role coupling economic and environmental systems, environmental scientists are largely unfamiliar with the structure and methodology underpinning EMs, which serves as a barrier to interdisciplinary collaboration and model improvement. In this study we systematically extract data from 10 years of published EMs with a focus on how these models have been extended beyond their economic origins to encompass environmentally relevant sectors of interest. The results indicate that there is ..