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ENhanced understanding of Trade Impacts on Climate, industries, and the Environment

Project description

Trade impacts on climate and the environment

Current macroeconomic models often fail to adequately address the complex interactions between trade and climate policies due to limited data, reliance on traditional theories and insufficient representation of developing countries in trade. The EU-funded ENTICE project aims to enhance understanding of the impacts of trade and trade policy on climate and the environment. By combining macroeconomic modelling with new trade theories, empirical analysis and detailed data, the project will primarily focus on emissions and climate change, while also addressing broader issues such as biodiversity, pollution and natural resource depletion. The work programme will develop a theoretical framework for the interactions between trade, climate and industry while also improving the granularity of the GTAP database.

Objective

Despite the wide recognition of the complex interactions between trade (policy) and climate (policy), the state-of-the-art capabilities in macroeconomic models face substantial limitations, such as lack of granular data, dependence on conventional trade theories, limited empirical evidence on trade-climate interactions, limited representation of the value and material chain in key (existing and emerging) sectors, heavy reliance on frameworks not accounting for endogenous technical change, limited understanding of the role of developing countries in trade, etc.
ENTICE aims to develop novel data and modelling capacity to enhance our knowledge and inform policymakers on the positive and negative impacts of trade and trade policy on climate and the environment, by combining well-established macroeconomic modelling with new trade theories, empirical analysis, and enhanced data granularity. The project will focus on emissions and climate change issues but also integrate the broader effects on the environment, biodiversity, pollution, and natural resources depletion. The ENTICE work programme includes a novel theoretical conceptualisation of trade, climate, environment, and industry interactions, significant improvements to sectoral detail and relevant granularity in the GTAP database, integrating the new data into and enhancing a toolbox of well-renowned CGE, macroeconometric, integrated assessment, and sectoral models and other methodologies, and analysis of the interactions between trade (policy), climate (policy), the environment, and broader economic and sustainability objectives in the EU and beyond. Finally, ENTICE places considerable emphasis on transparency, legitimacy, and open science and data, as well as on development and research that directly respond to stakeholder needs and trade and climate policy discourse.

Fields of science (EuroSciVoc)

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Keywords

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Programme(s)

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

HORIZON-RIA - HORIZON Research and Innovation Actions

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) HORIZON-CL5-2024-D1-01

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Coordinator

E3-MODELLING AE
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 961 750,00
Address
PANORMOU 70-72
11 523 ATHINA
Greece

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Αττική Aττική Κεντρικός Τομέας Αθηνών
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 961 750,00

Participants (14)

Partners (1)

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