Logo Trop1 (1)

Climate Change, the Economy, and Society


A model/simulation to understand the relationships between climate change, economics, and social factors.

Students will customise parameters related to policy (such as emissions-related tax or treaty), climate (such as levels of climate sensitivity and harm), and economy (such as growth and energy efficiency) to observe the corresponding effects of climate change on the economy and society.

Use this tool to help your students find answers to:

  1.  Using the simulator, compare the abatement costs for different policy settings—a carbon tax
    scenario, a climate treaty scenario, and a “business as usual” scenario.
  2. Using the simulator, observe and discuss how changes in the price of clean energy and changes in the extent of harms from climate change will affect the economy and society.
About Tool
Tool Nameweb DICE Model Dynamic Integrated Climate Economy
Topic(s) in DisciplineClimate Change Economics, Economic Policy, Social Cost of Carbon, Consumption per capita, Total factor productivity, Abatement Policy, Carbon tax
Climate TopicClimate Economics, Policy, Politics and Environmental Governance 
Type of toolModel/Simulation
Grade LevelUndergraduate
Translation     –
Developed byThe Center for Robust Decision Making on Climate and Energy Policy (RDCEP) at the University of Chicago 
Hosted atThe Center for Robust Decision Making on Climate and Energy Policy (RDCEP) at the University of Chicago
Computer SkillsIntermediate 

Mapped Sustainable Development Goal(s), apart from 4 and 13


To Subscribe to our newsletter please enter