Appendix The Feemrice Model

The FEEM-RICE model is an extension of Nordhaus and Yang's 1996 regional RICE model of integrated assessment, which is one of the most popular and manageable integrated assessment tools for the study of climate change e.g., see Eyckmans and Tulkens 2003 . It is basically a single-sector optimal growth model that has been extended to incorporate the interaction between economic activities and climate. One such model has been developed for each macro region into which the world is divided the...