In this seminar Gabriele Standardi will provide an overview of his recent paper, ‘Assessing the economic general equilibrium effects of sea level rise in the Italian regions’. Economic assessment of sea level rise (SLR) through computable general equilibrium (CGE) modelling is a widespread and effective approach to quantify economic dimensions of damages and potentially come out with useful adaptation actions. One main limitation is that traditionally global CGE models are specified at the country level as highest geographical detail. However climate change is very likely to produce uneven patterns also at the sub-national level. The aim of this work is to enrich the current state of the art proposing a methodology combining the top-down approach consisting of a sub-national CGE model and a bottom-up approach (based on DIVA model) to assess the economic general equilibrium effects of SLR in the 20 Italian regions by the end of 21st century. Gabriele’s approach considers all the economic interactions among sub-national regions and between them and the rest of Europe and the World. Moreover, the optimal behavior of the economic agents responds to change in prices, which, in turn, signal the productivity loss in the resource induced by the climate change impact (market-driven or autonomous adaptation). Gabriele concludes that, in spite of a longer coastline in regional islands (Sicily and Sardinia), Emilia Romagna and Veneto are the most affected regions in all the IPCC scenarios analyzed. In the flexible model we can observe a reallocation of capital and labor from these regions to the landlocked regions.

Gabriele Standardi holds a PhD degree in Economics and Finance from University of Verona (Italy), a MSc Degree in International Economics from University of Cergy-Pontoise (France), and a MSc Degree in Political Science from University of Perugia (Italy). Currently he is a researcher at the Fondazione Mattei in Venice within the ‘Climate Change and Sustainable Development’ Research Programme. He also works within the ‘Climate and Impact Policies’ research division at Center Euro-Mediterranean for Climate Change. His main research field is Computable General Equilibrium modelling and climate-change policy, with a particular focus on sub-national CGE models. In the past, he worked as Post-Doc Researcher at the laboratory EQUIPPE (Economie QUantitative Integration Politiques Publiques Econométrie) - University of Lille 1 and as trainee at the research center CEPII (Centre d’Etudes Prospectives et d’Informations Internationales) in Paris.

The CAMA Macroeconomics Brown Bag Seminars offer CAMA speakers, in particular PhD students, an opportunity to present their work in progress in front of their peers, and reputable visitors to showcase their work.