The Macroeconomic Impacts of Climate Change and Adaptation Measures in Georgia.
Dekens, J., Flaute, M. & Chapidze, K. (2022): The Macroeconomic Impacts of Climate Change and Adaptation Measures in Georgia. Application of the e3.ge Model to Investments in Natural Windbreaks for Adapting to the Impact of Extreme Winds, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Berlin.Abstract
Between 2020 and 2021, the Economic Analysis and Reforms Department of the Georgian Ministry of Economy and Sustainable Development (MoESD) developed in collaboration with GIZ and GWS a macroeconomic model, the e3.ge model, to provide scenarios of macroeconomic impacts of climate change and adaptation measures. This briefing note presents an example of application of the e3.ge model with a focus on investments in natural windbreaks to adapt to the impacts of extreme winds on crop yields in the context of climate change in Georgia. It describes the five key steps that are required for applying the model: from (1) clarifying the objectives for running the model, to (2) establishing a reference scenario, (3) establishing scenario(s) with climate change impacts, (4) establishing scenario(s) with investments in investments in adaptation measure(s), and (5) comparing the scenarios for results. In sharing this example, we aim to clarify the data and information required for running the model, the assumptions made, and some possible results.
