ECOCEP · Economic Modeling for Climate-Energy Policy

Climate change is one of the most challenging and important problems facing European and world society. Our project concentrates on several key aspects of climate change economics, including the valuation of climate change impacts, the main determinants of key drivers of climate change, the economic impact of climate change mitigation policies and the examination of climate change related risks, vulnerabilities and adaptation potential. Our project follows an integrated approach to modelling the impacts of climate and energy policies as a way to advance towards a highly energy efficient, low carbon and green global economy. Particular attention is devoted to the economics of renewable energies and the valuation of non-marketed goods. While the results of our joint project will contribute to fundamental economic research, an important part of our results will also support evidence-based policy. Our project brings together leading researchers and outstanding scholars with wide-ranging research experience in the context of a collaborative scheme of research exchanges and networking. The members of the consortium provide skills and knowledge from the areas of the economics of climate change, energy, resource, health, environmental and agricultural economics, while drawing on additional expertise of participants in financial economics, applied macroeconomics, microeconomics and econometrics. Admitting a value of multi-disciplinary research, our consortium is enriched by researchers and academics from other disciplines, including sociologists, lawyers and environmental scientists. The staff exchanges will enable the reciprocal transfer of knowledge between the members of the consortium, including senior research fellows, professors, early-career academics and PhD students, covering mobility flows between the EU on one side, and the USA, Canada, New Zealand, Australia, Africa and Russia on the other side.