CRED: A new model of climate and development

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.

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Year of publication:	2013
Authors:	Ackerman, Frank ; Stanton, Elizabeth A. ; Bueno, Ramón
Published in:	Ecological Economics. - Elsevier, ISSN 0921-8009. - Vol. 85.2013, C, p. 166-176
Publisher:	Elsevier
Subject:	Climate economics \| Global equity \| Integrated assessment modeling

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011043789