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I'm interested in modelling the effects of renewable energy investments and fossil fuel plant closures on the GDP using an energy-economy model of America's economy (eg. Nordhaus's RICE).

Any suggestions regarding the mathematical modelling aspects, or references (eg. papers) that are relevant? Currently I'm using this reference: "McKibbin, Morris, Wilcoxen, Cai: ``The Potential Role of a Carbon Tax in US fiscal reform"

Thanks for any help.

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A useful starting-point would be Nordhaus's Nobel Prize Lecture, especially the sections headed Integrated Assessment Modelling and Mathematical Representation, and the references at the end of the Lecture.

For further details see the references at the end of the Wikipedia article on DICE model, which include GAMS and Excel versions of the RICE model (references 20 and 23).

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  • $\begingroup$ Thanks! The RICE paper is a good starting point: "A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies". Are the DICE/RICE models available publicly? The links on Nordhaus's website are not working. williamnordhaus.com/dicerice-models $\endgroup$ Commented Sep 11, 2022 at 0:38
  • $\begingroup$ @PuraṭciVinnani I've edited my answer to respond to the question in your comment. $\endgroup$ Commented Sep 11, 2022 at 18:55

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