Economic Projection & Policy Analysis
The MIT Economic Projection and Policy Analysis (EPPA) model simulates the evolution of economic, demographic, trade and technological processes involved in activities that affect the environment. The model provides projections of world economic development at a regional and sectoral level, including the economic implications of greenhouse gas (GHG) emissions, conventional air pollution, land-use change, food demand and natural resource use. The core model includes 18 global regions, but its framework has been applied with greater spatial, economic sector and household resolution for detailed studies. The model can be used to investigate the economic implications of a wide range of phenomena, including:
- Climate and environmental impacts (e.g. changes in crop yields and human health)
- Resource depletion and new technologies
- Policies aimed at reducing emissions of GHGs and other pollutants
- Policies aimed at limiting trade or land-use change
- Deployment of specific technologies (e.g. wind power, solar power, carbon capture and storage, crop yield-enhancing technology)
- Simulations of future emissions of GHGs and other pollutants as input for the MIT Earth System Model (MESM).
- Land-use change and cover as input for the MIT Earth System Model (MESM).