Enerdata has been selected by the UK Department for Business, Energy & Industrial Strategy (BEIS) to provide them with Business As Usual (BAU) emissions scenarios and Marginal Abatement Cost Curves (MACCs). Since 2007, the UK ministry in charge of energy has been using Enerdata’s forecasts to update two internal models of the ministry.
In a first phase, the Global Carbon Finance (GLOCAF) model is updated with most recent BAU scenarios and MAC curves to evaluate the economic impacts of climate action and NDCs of the Paris Agreement.
The second phase of the assignment consists in updating input data of the Carbon Price Model (BCPM), which is employed to estimate future carbon prices under the EU-ETS to be used in modelling activities and for policy appraisal.