Climate and Regional Economics of Development (CRED)

This paper introduces the Climate and Regional Economics of Development (CRED) model, which analyzes the economics of climate and development. The model's innovations include the treatment of global equity, the calculation of interregional resource flows, and the use of McKinsey marginal abatement cost curves. Findings suggest that more equitable scenarios lead to better climate outcomes, though high-income countries may resist the necessary international equity.

• The Climate and Regional Economics of Development (CRED) is a new model created to analyze the economics of development choices and climate.
• The CRED model introduces three primary innovations: the use of McKinsey marginal abatement cost curves for mitigation cost projections, the calculation of optimum interregional resource flows, and the treatment of global equity.
• CRED indicates that climate outcomes are improved in scenarios that are more equitable, suggesting that the primary hurdle for climate policy is convincing high-income nations to accept climate protection and international equity.

APA

Stockholm Environment Institute (2010). Climate and Regional Economics of Development (CRED). https://www.sei.org/publications/cred-new-model-climate-development-un-desa/

Chicago

Stockholm Environment Institute. Climate and Regional Economics of Development (CRED). 2010. https://www.sei.org/publications/cred-new-model-climate-development-un-desa/.

Wikipedia

{{cite report |author=Stockholm Environment Institute |title=Climate and Regional Economics of Development (CRED) |date=26 July 2010 |url=https://www.sei.org/publications/cred-new-model-climate-development-un-desa/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{stockholmenvironmentinstitute2010climate, author = {{Stockholm Environment Institute}}, title = {{Climate and Regional Economics of Development (CRED)}}, institution = {Stockholm Environment Institute}, year = {2010}, month = jul, url = {https://www.sei.org/publications/cred-new-model-climate-development-un-desa/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }