The Global Carbon Finance Model (GLOCAF)
- Published
- 24 October 2024
- Estimated value
- £218,264
- Place of performance
- UK
- Procedure
- Open procedure
- Lots
- 1
- Notice number
- 034540-2024
- Reference
- ocds-h6vhtk-047a87
- Official source
- Official source
Description
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 from the GLOCAF model inform the UK's understanding of global decarbonisation scenarios and implementation of international climate commitments. Domestically, GLOCAF outputs are used as part of the evidence base that informs the emissions targets included in domestic legislation, as set out in the carbon budgets orders and in the net zero 2050 target. GLOCAF currently allows modelling of up to 26 countries/regions (including emissions from international aviation and maritime transport as separate 'regions'). Together, these countries/regions provide global coverage. For example, the Americas are currently split into six countries/regions: Canada, USA, Mexico, Rest of Central America, Brazil, …
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Enerdata SAS | — | — |
Official publications
- FTS · 034540-2024 · 24 October 2024
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Frequently asked questions
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