Policy Advice for Climate Resilient Economic Development (CRED) – Model Building Trainings in Vietnam
As part of the CRED program, the first five-day training session on macroeconomic modelling of climate risk took place in Vietnam from 12 to 18 August 2020. The training was conducted online by the Halle Institute for Economic Research (IWH) and on-site by a national modelling expert in Hanoi.
The global programme “Policy Advice for Climate Resilient Economic Development (CRED)” implemented by GIZ on behalf of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) through its International Climate Initiative (IKI), supports the pilot countries Georgia, Kazakhstan and Vietnam in integrating climate risk into macroeconomic modelling to enhance climate resilient economic development. In Vietnam, the Ministry of Planning and Investment (MPI) is the political partner and the Central Institute for Economic Management (CIEM) is the implementation partner of the CRED project. Within the framework of CRED Vietnam, a Dynamic General Equilibrium Model for Climate Resilient Economic Development (DGE-CRED) has been developed to assess future impacts of climate change on the economy of Vietnam and identify effective adaptation options using a scenario approach.
Host of the Dynamic General Equilibrium Model for Climate Resilient Economic Development (DGE-CRED) model is CIEM. The staff of CIEM and researchers from related government agencies, research institutes and universities are trained in using, building and adapting the DGE-CRED model.
From 12 to 18 August 2020, the 1st training course was held to provide an overview of data processing, the theoretical foundations of macroeconomic modelling and the introduction to the components of the DGE-CRED model. The training was conducted online by Halle Institute for Economic Research (IWH) and onsite by a national modelling expert. This 5-day course attracted more than 20 participants from governmental agencies, research institutes, and universities such as Department of Climate Change under the Ministry of Environment and Natural Resources, General Statistics Office, Central Institute for Economic Management, Vietnam Institute for Development Strategies, Institute of Strategy and Policy on Natural Resources and Environment, Institute of Policy and Strategy for Agriculture and Rural Development and National Economics University.
Onsite training participants in Hanoi
Following the 1st training on the economic model, there will be further online and onsite training courses on model building and scenario analysis to generate a deeper understanding of the model’s mechanisms and applications. The objective of the trainings is to enable participants to apply the model independently in order to update the database, customize model’s components and design scenarios of their own. The onsite training course on scenario analysis for policy makers is scheduled to take place in the 4th quarter of 2020 and the second training for model builders is planned to be conducted in 1st quarter of 2021.
Overall, the DGE-CRED model can help researchers and policy makers to assess future impacts of climate change on the Vietnamese economy and identify effective adaptation options using a scenario approach. Therefore, the modelling results contribute to identifying viable economic development options under climate change, which lead to sustainable and climate resilient economic development.
Contact: Stefanie Springorum – Senior-Projektmanager; stefanie.springorum@giz.de
Tags: ClimateRisk, ClimateRiskCoP, ClimateChangeAdaptation, climatedata, Klimaanpassung, AdaptationClimateChange
