Understanding local energy, economic, political and geographic conditions is crucial for any realistic analysis of viable policy options that relate to global change. However, local development plans are often affected by the performance of global markets. For example, domestic food and energy prices are influenced by actions taken in global markets, as in Saudi Arabia’s decision to boost oil production, which lowered the global oil price, resulting in lower, domestic prices for oil products.
Our analytic tools allow us to produce regional analyses while ensuring that impacts from global markets and local development in other regions are adequately represented. Our highly successful China Energy and Climate Project (CECP), a collaborative effort with Tsinghua University, analyzes the impact of existing and proposed energy and climate policies in China on technology, energy use, the environment and economic welfare. We are now extending this assessment capability to other world regions.