Cost and attainability of meeting stringent climate targets without overshoot - 2022
Article
Global emissions scenarios play a critical role in the assessment of strategies to mitigate climate change. However current scenarios are being criticized for featuring strategies that result in substantial overshooting of the global temperature goal, requiring in turn a long-term repair phase to bring temperatures down again through net-negative emissions. […]
Climate action in the post-COVID19 world - 2021
Article
The publication presents some of the latest findings from EU-funded H2020 projects on how to accelerate climate action in the post-pandemic era and why inaction is not an option. E3-Modelling contributes in the discussion with key insights from NAVIGATE project on how inequality, energy demand and macro-economic development have been […]
Global roll-out of successful policies may help limit global warming to well below 2 °C - 2021
Article
Accelerating the global roll-out of good practices to reduce greenhouse gas emissions may help limit global warming to well below 2 °C. This is the main finding of the BRIDGE scenario, explored in the framework of COMMIT project, showing that it is possible to narrow the global emission gap between […]
Hydroclimatic change challenges the EU planned transition to a carbon neutral electricity system - 2021
Article
While the EU’s decarbonized system will be more resilient to hydroclimatic change than existing water-dependent portfolios, water availability and temperature are factors with potential negative impacts on the economy and the environment amidst transition to a carbon neutral electricity system. In this study we conduct a model-based analysis to assess […]
Energy system transitions and low-carbon pathways in Australia, Brazil, Canada, China, EU-28, India, Indonesia, Japan, Republic of Korea, Russia and the USA - 2021
Article
Using a range of country-level, technology-rich, energy-economy and integrated assessment models we present national low-emission scenarios in the above countries, including detailed representations of the energy, transport and land systems and insights on emissions, energy system and economic implications of low-emission pathways until 2050. We find that the low-emission pathways […]
Is green recovery enough? Analysing the impacts of post-COVID-19 economic packages - 2021
Article
As a response to the COVID-19 crisis, most governments worldwide launched recovery packages aiming to boost their economies, support employment and enhance their competitiveness. Climate action is pledged to be embedded in most of these packages, but with sharp differences across countries. This paper provides novel evidence on the energy […]
The effect of differentiating costs of capital by country and technology on the European energy transition - 2021
Article
In this paper, we differentiate the cost of capital per country and technology for European Union (EU) countries to more accurately reflect real-world market conditions. Using empirical data from the EU, we find significant differences in the cost of capital across countries and energy technologies. Implementing these differentiated costs of […]
Beyond the energy system: modeling frameworks depicting distributional impacts for interdisciplinary policy analysis - 2021
Article
This work synthesizes common modeling frameworks used to assess technical, socio-economic, and environmental aspects in policy analysis and the recent progress to portray distributional impacts in each of them. Furthermore, the main indicators produced by each method are highlighted and a critical review pointing to gaps and limitations that could […]
Global energy system transformations to 1.5 °C: the impact of revised intergovernmental panel on climate change carbon budgets - 2021
Article
The study at hand applies the PROMETHEUS global energy system model to explore alternative deep mitigation pathways in light of the revised carbon budgets specified in the Intergovernmental Panel on Climate Change (IPCC) Special Report on 1.5 °C. The pathways assess the potential contribution of energy efficiency improvements and more rapid […]
Climate clubs and the macro-economic benefits of international cooperation on climate policy - 2021
Article
The Paris agreement has provided a new framework for climate policy. Complementary forms of international collaboration, such as climate clubs, are probably necessary to foster and mainstream the process of gradual and voluntary increase in nationally determined contributions. In this study we provide a quantitative macro-economic assessment of the costs […]
Macro-economic analysis of green growth policies: the role of finance and technical progress in Italian green growth - 2021
Article
In this study, we use a large scale applied CGE model to compute the macroeconomic implications of the investments required to reduce by 76% as compared to 1990 levels the GHG emissions of the Italian energy system within a context of global concerted GHG mitigation action. The focus of the […]
Narrative-driven alternative roads to achieve mid-century CO2 net neutrality in Europe - 2021
Article
The tightened climate mitigation targets of the EU green deal raise an important question: Which strategy should be used to achieve carbon emissions net neutrality? This study explores stakeholder-designed narratives of the future energy system development within the deep decarbonization context. The study can be downloaded here.
