FUND – Climate Framework for Uncertainty, Negotiation and Distribution
- Geographical scope:Global
- Time horizon:1950 - 2300
- Initial Release:1999
- Institution(s):Sustainability and Global Change, University of Hamburg
FUND is an integrated assessment model originally set-up to study the role of international capital transfers in climate policy. The model is now often used to perform cost-benefit and cost-effectiveness analyses of greenhouse gas emission reduction policies.
It is therefore most suitable for analysing the social and economic impacts of the various response measures, with a particular focus on equity, both between countries and between socio-economic groups.
FUND is relevant in analysing the socio-economic impacts of climate change mitigation policies, with particular focus on estimating the ‘costs’ of these policies. This makes the model particularly useful when looking at international equity issues.