Decarbonizing the International Shipping and Aviation Sectors - 2023
Article
The Paris Agreement requires a drastic reduction of global carbon emissions towards the net zero transition by mid-century, based on the large-scale transformation of the global energy system and major emitting sectors. Aviation and shipping emissions are not on a trajectory consistent with Paris goals, driven by rapid activity growth […]
Stakeholder engagement and decarbonization pathways: Meeting the challenges of the COVID-19 pandemic - 2023
6 months after the kick-off of ENGAGE project, the COVID-19 pandemic broke out ~ which meant that all of the stakeholder engagement activities had to be organized as online events. Between March 2020 and April 2022, 5 online workshops were organized, two at the global level and 3 at the regional/national level. […]
The macroeconomic implications of financing investments with climate-related fiscal revenues - 2022
Report
This report presents the macroeconomic implications of different co-financing schemes for climate and non-climate investments. The scenarios include an assessment of different financing, trade and climate-related fiscal revenue recycling conditions, using the E3ME and the GEM-E3 macroeconomic models. First, we explore the effects of a co-financing of planned climate investments […]
The representation and implications of the financing challenge - 2022
Report
This report focuses on model improvements related to issues around financing and aims to: (1) identify where and how issues around financing affect the progress of the energy transition; (2) assess to what extent the macroeconomic models capture these areas of influence; and, (3) propose model improvements to address the most […]
The links between the energy transition and economic growth - 2022
Report
The objective of this report is to identify the channels through which energy promotes economic growth. The different channels through which energy impacts growth are assessed according to the findings of the relevant literature and to case studies on technology transitions as well as scenarios on energy transition. The review […]
The impact of the clean energy transition on the determinants of economic growth - 2022
Report
Empirical findings from the respective literature are inconclusive regarding the causal relationship between energy and growth (over 200 studies present mixed results). This study designs and performs new tests using the latest available statistics in order to empirically validate the role of energy to economic development. The new estimations and […]
Modelling the impacts of megatrends - 2022
Report
The pathway towards decarbonising the global economy is often referred to as the ‘low-carbon transition’. In this transition, each sector of the economy will need to find ways to reduce its greenhouse gas emissions towards zero. This includes all greenhouse gas emissions, including those related to the use of energy […]
The macroeconomic implications of the clean energy transition at regional and sectoral level - 2022
Report
The objective of this study is to better understand the macroeconomic impacts of the energy transition below national level, the structural differences that drive differential impacts and the policy actions which can be adopted to address these structural differences and to influence a region’s outcome in the clean energy transition. […]
The fiscal implications of the clean energy transition - 2022
Report
This report is part of the “Macroeconomics of the Energy Union” study. It focuses on model improvements and analysis that relate to the representation of energy taxes and has three objectives. The first objective is to update and improve the tax rates used in the two models, to enable a more […]
Macroeconomic representation of the clean energy transition - 2022
Report
The European Commission has put forward a set of measures to facilitate the clean energy transition and to support the creation of the Energy Union. The energy transition is expected to make the EU energy sector even more stable and competitive and at the same time act as a key […]
The impact of energy & climate policies on income inequality and energy poverty - 2022
Report
This report falls within the Macroeconomics of the Energy Union project. It reflects on the social dimensions of the energy transition by performing both a qualitative and quantitative assessment of the impacts of the clean energy transition on income distribution, inequality and energy poverty. The purpose is to support the […]
10 reports of the “Macroeconomics of the Energy Union” study are out: Major contribution from GEM-E3 model - 2022
On 18 November the European Commission published 10 reports which fall under the scope of the “Macroeconomics of the Energy Union” study. The aim of the study, prepared between 2019 and 2021, has been two-fold: (i) offer high-quality, policy-relevant research on the dynamic link between the energy transition and the economy […]
