IMF-ENV: Integrating Climate, Energy, and Trade Policies in a General Equilibrium Framework

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IMF-ENV is a global dynamic computable general equilibrium (CGE) model developed by the IMF's Research Department. The model features a database of 160 countries and regions, along with 76 sectors, and can be calibrated to a wide range of country-sector combinations. The model's general equilibrium structure, combined with its high level of detail, enables it to assess both direct and indirect domestic structural changes and cross-border spillover effects of policies. This makes it suitable for examining the medium- and long-term macroeconomic effects as well as structural shifts arising from national and/or global climate mitigation, energy, fiscal and trade policies. The model reports impact on macroeconomic variables, sectoral outcomes, employment and bilateral trade flows, along with detailed information for energy demand and supply, electricity generation and GHG emissions.

Subject: Agricultural commodities, Carbon tax, Climate policy, Commodities, Electricity, Environment, Greenhouse gas emissions, Natural resources, Non-renewable resources, Taxes, Technology

Keywords: Agricultural commodities, Carbon tax, Climate policies, Climate policy, Computable general equilibrium models, Electricity, Energy policies, Energy security, Energy transition, Global, Greenhouse gas emissions, Natural resources, Non-renewable resources, Oil, Structural change, Trade policies