The Ghanaian forestry sector has experienced a paradigm shift toward resilient and sustainable forest management practices through climate change mitigation and adaptation policies. Ghana has acknowledged the urgent need to address these issues via comprehensive policy measures as a nation that is vulnerable to the adverse effects of climate change. To assess economy-wide impacts, this paper employs a computable general equilibrium with a static specific factor model that can be readily simulated with various vectors of price changes. The model uses a competitive production structure that assumes constant returns, full employment, competitive pricing, and perfect labor mobility across sectors. Factor shares, industry shares, and substitution matrices from 2022 Labor Force Report’s data were constructed for four skilled groups (managers, professionals, service, and production) across industry, service, the rest of agriculture, and forestry sectors. Predictions of price increases from climate change mitigation policies compliance were simulated for the long run and short run. Forestry, agricultural, and industrial sectors will enjoy higher prices under a green economy, but these would not translate into higher wages. It is rather capital owners in agriculture and forestry that would benefit. Wage adjustments to the green economy are smaller than what might be expected in a partial equilibrium model.

The high price of energy due to the green energy policy will cause adjustments across the U.S. economy is predicted in the present computable general equilibrium with specific factors model. This includes energy input, especially electricity with capital and labor to produce manufacturing and service goods. 2022 labor, energy, and sector-specific capital input data on U.S. manufacturing, service, and agricultural sectors is applied to specific factors of the computable general equilibrium model. The model, which assumes constant returns, full employment, competitive pricing, and perfect labor mobility across industries hypothesizes a range of price changes due to project potential adjustments in factor prices and outputs. The U.S manufacturing sector is revealed to have a higher degree of noncompetitive pricing for energy factor inputs, but not on labor and capital as advocates for green energy tout by the new technology. The policy has virtually no significant impact on the service and agricultural sectors. The high price of green energy will cause an elastic decrease in all energy inputs. The output from energy-intensive manufacturing only rises in the long run by 4% while service and agriculture fall. Clear winners are the owners of energy resources through their price-searching behavior. This includes the government, which owns a large share of hydrocarbon reserves.