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Contenuto archiviato il 2024-04-19

The general equilibrium modelling project for energy-economy-environment

Obiettivo

Building an operational, empirical general equilibrium model to cover the interactions between the economy, the energy system and the environment.
The version 2.0 of GEM-E3 is now operational, covering the 15 countries in the EU. The results of GEM-E3 include projections of full input-output tables by country, national accounts, employment, capital, monetary and financial flows, balance of payments, public finance and revenues, household consumption, energy use and supply, and atmospheric emissions. The computations of equilibrium is simultaneous for all domestic markets of all 15 EU countries and foreign trade links.
The GEM project focuses on three major areas for model applications to policy analysis:
- the sustainable economic growth (with respect to the environment) - the internal European market (for economy and energy, as well as for the distributional effects)
- the implications of the evolving international context for both the economy and energy.

The work packages of the project are organised as follows:
1. Specification and implementation of the basic model framework (input/output, accounts, trade matrix, ... ) for both the full and the minimum standard models :
To collect the necessary data for EC countries and build the accounting skeleton for the GEME-E3 model.
2. Specification and implementation of KLEM functions and dual cost functions for both the full and the minimum standard models. 3. Specification and implementation of the consumption functions and labour markets for both standard models :
To provide a numerical representation of the labour supply and the consumer demand functions per region and per social group, where possible. 4. Specification and implementation of the multinational markets and international trade for both standard models :
To provide numerical representation of the multinational European commodities trade and the corresponding equilibrium.
5. Specification and implementation of the IS-LM block for both standard models :
To build the IS-LM closure that extends the traditional IS closure rule and provides insight into the monetary/financial mechanisms. 6. Specification and implementation of the energy supply block : To represent tradable solid, liquid and gas fuels by aggregate supply functions separately for each fuel.
7. Specification and implementation of the environmental module, the evaluation of externalities and the related policy instruments : To provide a model specification and a numerical representation to incorporate emissions evaluations, externalities costs and environmental policy instruments into the model.
8. Coordination of the model specification, model integration and model solution as a whole.
9. Model solution algorithms and computer support.
10.Model running for testing and evaluation purposes.
11.Management and review panel.

Invito a presentare proposte

Data not available

Meccanismo di finanziamento

CSC - Cost-sharing contracts

Coordinatore

UNIVERSITE CATHOLIQUE DE LOUVAIN
Contributo UE
Nessun dato
Indirizzo
34,Voie du Roman Pays 34
1348 LOUVAIN-LA-NEUVE
Belgio

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Costo totale
Nessun dato

Partecipanti (5)