Handbook on macroeconomic modelling for climate resilience

This handbook provides guidance for designing and implementing technical assistance on macroeconomic modelling to support climate resilient economic development in partner countries. It introduces macroeconomic modelling as an instrument to assess the economy-wide impacts of climate hazards, adaptation, and mitigation measures.

The handbook summarises key advantages, main steps and budget and time estimates for modelling climate resilient economic development. To reap these benefits, we recommend the following seven steps, the details of which are set out in this handbook:

1. Set up the project
2. Create a climate-sensitive macroeconomic model
3. Identify adaptation or mitigation options
4. Assess adaptation or mitigation options 
5. Select adaptation or mitigation options 
6. Support implementation of climate action 
7. Apply an independent model for climate action