Climate damages, temperature changes - WITCH

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Model Documentation - WITCH
Corresponding documentation
Model information
Institution European Institute on Economics and the Environment (RFF-CMCC EIEE), Italy, http://www.eiee.org.
Solution concept General equilibrium (closed economy)
Solution method Optimization
Anticipation

By default, climate damages are not included in WITCH runs. However, a damage module is available. The damage functions implemented in the WITCH model are based on sectoral climate impact estimates from the ClimateCost project, described in detail in (Bosello and De Cian 2014), and they are integrated with estimates for the impact categories health and catastrophic events. For the category settlements and ecosystems, new estimates are computed using a Willingness-To-Pay approach.