Global Carbon Finance
This project is looking at the costs to different countries of moving to a low carbon global economy, and the kind of international financial flows this might generate.
Climate change can only be halted by truly global co-operation. A new international agreement to tackle climate change will have to involve commitments from developed and developing countries alike to take action to tackle carbon emissions.
To achieve an effective new international agreement on climate change, we need a better understanding of the costs of moving to low-carbon economies for different countries, and an analysis of how these costs can and should be financed.
The Global Carbon Finance Project will develop a user-friendly tool that will help inform international negotiations. The model will use data on projected emissions from different countries and regions, and on possible pathways and costs for reducing these emissions. It will produce results for a range of scenarios based on different goals for global carbon emissions levels, a variety of global burden-sharing models, and different types of financing mechanism.
Side Event presentation at UN Summit in Bali December 2007
In December 2007 the OCC presented their post-2012 carbon finance model GLOCAF in a side event at the UN climate change summit in Bali together with Michel den Elzen from the Netherlands Environment Assessment Agency (MNP).
The event was introduced by Henry Derwent from the UK government, Marcel Berk from the Dutch government and Laurence Graff from the European Commission. After presentations from Alon Carmel (OCC) and Michel den Elzen (MNP) there was a panel discussion with Nick Stern (LSE), Pan Jiahua (Chinese Academy of Social Science) and Peter Russ (European Commission).
GLOCAF (OCC Model) Bali Side Event Presentation 11.12.07FAIR (MNP Model) Bali Side Event Presentation 11.12.07
For more information contact: enquiries@occ.gsi.gov.uk
Page last modified: 19-12-07
Page published: 27-11-07