CRED: A New Model of Climate and Development

Frank Ackerman

Working Papers from United Nations, Department of Economics and Social Affairs

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. The model shows more equitable scenarios have better climate outcomes; the challenge of climate policy is to persuade high-income countries to accept the need for both international equity and climate protection.

Keywords: climate economics; development; global equity; abatement costs; integrated assessment models (search for similar items in EconPapers)
JEL-codes: O13 Q52 Q54 Q56 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2010-07
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.un.org/esa/desa/papers/2010/wp96_2010.pdf (application/pdf)

Related works:
Journal Article: CRED: A new model of climate and development (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:96

Access Statistics for this paper

More papers in Working Papers from United Nations, Department of Economics and Social Affairs Contact information at EDIRC.
Bibliographic data for series maintained by Aimee Gao ().