BEIS (UK Department for Business, Energy & Industrial Strategy) has selected Enerdata to help update its official carbon price forecasts to be used for policy appraisal and modelling purposes. Enerdata will build a business-as-usual energy and emissions scenario with the POLES-Enerdata model, aligned with BEIS’s internal assumptions on fossil fuel prices and sectoral emissions.
This scenario will be used as a basis to run carbon price sensitivities and produce sectoral and technology-specific marginal abatement cost curves (MACCs), exploring deep decarbonisation and net-zero emission pathways through the BEIS Carbon Price Model (BCPM) to model possible futures of the UK Emissions Trading Scheme (UK ETS).
Enerdata has collaborated since 2007 with BEIS (formerly DECC) on the update of MAC curves used as inputs of two long-term energy and emissions models of the department.