This paper describes a new model, Climate and Regional Economics of Development (CRED), which is designed to analyze … the economics of climate and development choices. Its principal innovations are the treatment of global equity … cost of mitigation. The model shows more equitable scenarios have better climate outcomes; the challenge of climate policy …

Global climate change is a multi-faceted international crisis that requires creative and flexible regulatory solutions …. Addressing the principal anthropogenic cause of climate change—carbon dioxide emissions from the burning of fossil fuels—has been … the focus of the international response to global climate change to date. However, a significant and often overlooked …