The Global Carbon Finance Model (GLOCAF) is DESNZ’s in-house model of hypothetical international carbon markets and global decarbonisation scenarios at 5-yearly time horizons up to 2050. It is used to provide a robust evidence base to inform UK international climate change policy and strategy, modelling the most cost-effective distribution of abatement across sectors and regions given different abatement targets at global, regional or sectoral levels.
From an international perspective, outputs…

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