CRED: A new model of climate and development

Frank Ackerman, Elizabeth A. Stanton and Ramón Bueno

Ecological Economics, 2013, vol. 85, issue C, 166-176

Abstract: This paper describes a new model, Climate and Regional Economics of Development (CRED), which is designed to analyze the economics of climate and development choices. Its principal innovations are the treatment of global equity, calculation of the optimum interregional flows of resources, and use of McKinsey marginal abatement cost curves to project the cost of mitigation.

Keywords: Climate economics; Global equity; Integrated assessment modeling (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:85:y:2013:i:c:p:166-176

DOI: 10.1016/j.ecolecon.2011.04.006

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