CGE Modeling: The Relevance of Alternative Structural Specifications for the Evaluation of Carbon Taxes' Impact and for the Integrated Assessment of Climate Change Effects: Simulations for Economies of Latin America and the Caribbean

This analytical document shows a small Computable General Equilibrium (CGE) model to study the impact of carbon taxes on GDP and emissions under alternative closure rules and hypotheses. The model is simulated for Argentina, Brazil, Chile, El Salvador, Jamaica and Peru and evaluates the costs of lowering emissions under different scenarios.