BC3. Basque centre for climate change – Klima aldaketa ikergai

Dr. Markandya presented economic modeling results on the role of Reducing Emissions from Deforestation and Degradation (REDD) as part of a global carbon market, including impacts on carbon prices, policy costs, and incentives for technological change.  This analysis is based on the World Induced Technical Change Hybrid Model (WITCH) and is part of a collaboration between EDF and the Fondazione Eni-Enrico Mattei (FEEM) in Italy.