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MacArthur Foundation awards planning grant to improve decision-making in energy policy
Date:2/20/2009

re impacted by "the global economy, agriculture, environment, public health and international security (each a complex system in its own right), which depend on yet further interactions and will have widely varying effects across different economic sectors and geographic regions."

Said University of Chicago President Robert Zimmer, "There is a growing urgency for energy policy reform, but it would be short-sighted to make any serious changes without a thorough understanding of the technical, economic and social implications. CIM-EARTH will equip policymakers around the globe with a multi-dimensional analysis of their options, which is our best chance at implementing effective, long-term solutions."

Over the last decades, models of human economic and social behavior linked with climate models have emerged as vital tools for policymakers. However, these existing models, according to Judd, have major shortcomings.

"Their ability to address key issues is limited by computational methods that do not exploit high-performance architectures," said Judd. "This has resulted in oversimplifications of complex economic interactions. They can solve the models, but do not address the uncertainties inherent in the parameter estimates."

Using supercomputers housed at Argonne, the CIM-EARTH group will combine the best of modern computational, physical and economic science to construct the most sophisticated and accessible tool available. The tool will allow for more complex and realistic modeling of economic and social behavior, including human adaptation and responses to climate change.

The group seeks not only to create a new tool, but also to create a new "community modeling framework" by making all code open-source. This open approach will allow scientists from around the world in such culturally diverse disciplines as economics, social sciences, climate science and computational science to participate in the model's refinement. "Those
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Contact: Steve Koppes
s-koppes@uchicago.edu
773-702-8366
University of Chicago
Source:Eurekalert

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