The Global Carbon Finance Model (GLOCAF)

Tender description

To further the UK Government's ability to deliver Energy Security and progress towards Net Zero, DESNZ is seeking to procure datasets of emissions from energy and industry Sectors; carbon dioxide and non-carbon dioxide emissions and abatement costs at a global and regional breakdown. These will be used as inputs to the GLOCAF model. The Global Carbon Finance Model (GLOCAF) is DESNZ’s in–house model of hypothetical international carbon markets and global decarbonisation scenarios at 5-yearly time horizons up to 2050. It is used to provide a robust evidence base to inform UK international climate change policy and strategy, modelling the most cost-effective distribution of abatement across sectors and regions given different abatement targets at global, regional or sectoral levels. From an international perspective, outputs from the GLOCAF model inform the UK’s understanding of global decarbonisation scenarios and implementation of international climate commitments. Domestically, GLOCAF outputs are used as part of the evidence base that informs the emissions targets included in domestic legislation, as set out in the carbon budgets orders and in the net zero 2050 target.  We seek a service that offers projections using an energy model drawing on key variables such as energy demand and fuel prices, macro-economic parameters of GDP and population data, and historic emissions. Historic emissions should be calibrated to UNFCCC figures. Projected emissions data must be aligned to internationally recognised and accepted sources. If your services are equipped to meet these requirements, we invite you to submit a tender to this procurement.