The cost of carbon to 2050- update
A private client asked Vivid Economics to update values for use in internal long-term forecasting and investment procedures for a policy-induced carbon price. The methodology developed was to construct Marginal Abatement Cost Curves (MACCs) for 2020, 2030 and 2050 in several large economies, and analyse the implications for carbon prices, both at the regional and global level, and the associated uncertainties and upside and downside risks. A stocktake of implemented and foreshadowed policies was also undertaken to inform the development of values in the period to 2020.
Date: February 2016