Mitigation Action Plans and Scenarios (MAPS) was an international project whose aim was to establish scientific evidence to support the transition to robust, carbon efficient and climate resilient economies. The project brought together interdisciplinary teams consisting of experts of ministries, academia, business and other stakeholders from Colombia, Peru, Brazil, Chile and South Africa.
The role of IBS was to aid the effort of the Chilean team by developing a multi-sector DSGE model (Dynamic Stochastic General Equilibrium) of their economy. The model was then linked with sector, microeconomic models and used to quantitatively assess the long-term (2020, 2030 and 2050) effects of GHGs mitigation policies on aggregated macroeconomic variables. As part of the cooperation, the IBS team conducted two training courses dedicated to building and simulating DSGE models in Santiago, Chile.