In response to climate uncertainty, researchers, businesses and policy-makers are turning to scenario analysis. The authors of this paper argue that greater use of models will help policy-makers understand the range of uncertainties and the sensitivity of policy outcomes, based on different model assumptions.

This paper examines climate mitigation strategies to reach net-zero emissions by mid-century, focusing on smoothing macroeconomic costs in the short- to medium-term — the horizon highly relevant for policy-makers.

This study assesses the global macroeconomic consequences of changes in climate risk. The authors also explore the impact of country-specific, economy-wide carbon taxes as a representative policy action to drive the global economy to achieve net-zero emissions by mid-century.

This study investigates the environmental and economic implications of the Paris Agreement using G-Cubed, a multi-country, multi-sector model of the global economy. It simulates policies that would achieve the commitments of countries in each of the regions and estimates how much global carbon dioxide emissions would fall relative to what would happen without those policies.