A description of the Dynamic analysis of Economics of Environmental Policy (DEEP) model

Abstract

The DEEP model is a multi-sectoral, multi-regional, multi-gas dynamic computable general equilibrium model. It was developed for analysing the economics of climate change policy, and to generate emission scenarios for input to other models.

The purpose of this report is to provide a description of the model, and make the MPSGE programming code available, in order that it be possible to understand and critically examine the results obtained using DEEP.