Workshop discusses impacts of climate change on economic development
Experts discussed the impacts of climate change on economic development in Vietnam using the Computable General Equilibrium (CGE) model at an international workshop at the Foreign Trade University (FTU) on September 30.
Delegates signed an agreement on cooperation in research and education to tackle the impacts of climate change on economic development in Vietnam. (Photo courtesy of FTU)
Hanoi (VNS/VNA) - Experts discussedthe impacts of climate change on economic development in Vietnam using theComputable General Equilibrium (CGE) model at an international workshop at theForeign Trade University (FTU) on September 30.
CGE is an economic model that usesactual economic data to estimate how an economy might react to changes inpolicy, technology or other external factors. Applying the CGE model, theimpacts of climate change on economic development has been analysed throughchanges to the productivity, output, quality and structure of theagricultural sector and its sub-sectors.
“Climate change needs urgentattention at global, regional and national levels. Developing countrieslike Vietnam are the most vulnerable to climate change because they lackthe knowledge and capacity to cope with its negative impacts,” saidFTU Deputy Rector Pham Thu Huong.
Huong said the workshopwould open a new chapter for studies on climate change in Vietnam.
Presentations at theworkshop focused on building models to evaluate the impacts of climatechange on various aspects of economic development in Vietnam.
Participants also discussedpolicies and recommendations to adapt to climate change in Vietnam.
At the event, the FTU, the Centrefor Data Science and Service Research - Graduate School of Economics andManagement of Tohoku University (Japan), the Faculty of Economics and BusinessManagement of National University of Laos, and the Climate Change ResearchCentre at the Vietnam Institute of Meteorology, Hydrology and ClimateChange signed an agreement on furthering co-operation in research andeducation on climate change and economic development. They also launched anetwork to expand joint research and education on climate change./.
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Delegates signed an agreement on cooperation in research and education to tackle the impacts of climate change on economic development in Vietnam. 
