9. TIMES (The Integrated Markal EFOM System) model, is an international standard for modelling of greenhouse gas emission reductions and energy issues. It has been calibrated with Scottish data and sector intelligence to analyse the cost implications of the proposed Climate Change Bill.
10. All estimates are discounted and in 2017 prices. The cost of £13 billion represents a system cost that is the total discounted resource cost of meeting a series of fixed final energy demand in the TIMES model. It is the cost of purchasing the technologies and fuels to deliver the TIMES pathway, with no assumption made about who incurs the costs.