OECD Economics Department Working Papers

Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

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OECD Model Comparison Project (II) on the Costs of Cutting Carbon Emissions

Comparison of Model Structure and Policy Scenarios: GREEN and 12RT

This paper forms part of the second round of the OECD Model Comparison Project on "The costs of cutting carbon emissions". It provides an overview of two global general equilibrium models GREEN and 12RT. The comparison exercise was carried out by means of five policy scenarios and a set of additional controlled experiments. The scenarios focus on alternative forms of joint implementation of international agreements to stabilise CO2 emissions ...


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