Speaker: Professor Yeoh Zili, State University of New York, Binghamton, USA

Time: September 25, Friday, 10:00-11:30 a.m.

ID：969 ZOOM online meetings 4254 44069-25

Speaker Profile：

Yang Zili, Professor of Economics, Binghamton, State University of New York, Adjunct Professor, Beijing Institute of Technology, Mainly engaged in resources and environmental economics, energy economics, economic modeling, applied game theory, China's economy and other research work. Collaboration with Yale University professor William D.Nordhaus Nobel Prize winner in Economic Science 2018, Dr Yang Zili developed the most influential comprehensive climate change assessment model worldwide (RICE model), and published in American Economic Review and other important journals. The RICE model and its derived multiple models have been widely used in the reports of the United Nations Intergovernmental Panel on Climate Change (IPCC) in various countries. Professor Yang has independently developed the research method of combining the concept and algorithm of game theory numerical solution with the comprehensive assessment model of climate economy, and in this pioneering field, he is in the international leading position; He is the world's first scholar to engage non-cooperative game solution and cooperative game solution into the large-scale comprehensive evaluation model; He was the leading modeler of the MIT Energy Laboratory EPPA model in the 1990s.

Introduction：

Climate change is an externality phenomenon. The DICE/RICE models are IAMs that treat climate change as an externality explicitly. Such a feature of DICE/RICE is recognized by the Nobel Committee and is one of the primary reasons for its influence. This paper argues the essentiality of incorporating external effects of climate change in our understanding of climate change from a socio-economic perspective; points out the biases of missing the externality elements in climate change economics; outlines the crucial role of externality in IAM modeling.

（Hosts: Research and Academic Exchange Centre, Energy and Environmental Policy Research Centre）