CICERO - Center for International Climate Research
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StressTest: Using scenarios to assess climate risk in the financial sector

Increasingly, financial decision-makers are asked to assess, disclose and respond to climate-related risks across a range of potential future scenarios. In the project StressTest, CICERO will produce scenario data and guidelines that will allow help financial actors to respond to regulatory initiatives on scenario use.

GRACE - Technical documentation

The model for Global Responses to Anthropogenic Change in the Environment (GRACE) is a multi-sector, multi-regional, recursively dynamic global computable general equilibrium model (CGE) written in GAMS and based on GTAP database. The initial version of the model was developed at CICERO by Aaheim and Rive (2005) for long-term economic analysis of climate change impacts and greenhouse gas abatement policy. It was designed to allow for additional modules for analysis, including emissions permit trading and climate impacts on economic sectors. Coupled with an atmospheric model, the model can also be used for integrated assessment modelling of the climate and economy. Since then several versions have been developed by updating data and certain modules for various studies. Go back to the general introduction.

New study shows global temperature responds slowly to emissions cuts

Although large emissions cuts are urgently needed if we are to achieve the global climate goals, it may take decades before we can measure the effect of the reductions on global temperature evolution, a new study shows.

4C – Climate-Carbon Interactions in the Current Century

The EU-funded project 4C (Climate-Carbon Interactions in the Current Century) aims to fill the knowledge gap surrounding climate sensitivity to carbon dioxide emissions by reducing the uncertainty in our quantitative understanding of carbon-climate interactions and feedbacks.

Scientists demystify climate scenarios for investors

Climate change is a real financial risk, but the risk depends on the complex evolution of climate policy, technology, and the climate system. CICERO’s new climate scenario guide explains how investors can use scenarios to evaluate different financial risks.

COMMENTARY: Did 1.5°C suddenly get easier?

COMMENTARY: A new paper suggests a rather significant upward revision of the carbon budget for 1.5°C. This is a potential game changer, but it is too early to reformulate mitigation plans.