ProjectECOCEP
Economic modelling shows how to lower emissions and costs
Economic Modeling for Climate-Energy Policy (ECOCEP)
"By combining climate and socio-economic data, ECOCEP has ensured that environmental and energy policies are economically sound and beneficial to Europeans." - Dr. Milan Ščasný & Dr. Jean-François Auger
Project impact
Governments are counteracting climate change by reducing fossil fuel use, boosting renewable energy, and preparing societies for its effects. But how does this also affect the economy? To find out, the ECOCEP project used complex economic modelling to evaluate the economic impact of climate and energy policies. The project brought together social science researchers specialising in areas such as the environment, natural resources, public health and agriculture. These experts estimated the economic value of the effects of climate change and developed models to assess the impact of climate policies on the economy. The results ranged from the economics of air quality in Europe and the drivers of biodiesel pricing to the influence of climate data on car-buying decisions and the ecological and societal benefits of forests. These findings strengthen the economic argument for protecting forests, water, and wildlife for generations to come. Above all, the project gives Europe’s policymakers evidence that their climate adaptation and mitigation policies can both reduce carbon dioxide emissions and people’s cost of living.
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Coordinator
Czechia
Univerzita Karlova
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Participating and partners countries
- France
- Fondation Jean Jacques Laffont, Toulouse Sciences Économiques
- Italy
- Fondazione Eni Enrico Mattei
- United Kingdom
- The Chancellor, Masters and Scholars of the University of Oxford
- France