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ClimAte Policy AcceptaBiLity Economic framework

Periodic Reporting for period 1 - CAPABLE (ClimAte Policy AcceptaBiLity Economic framework)

Reporting period: 2023-01-01 to 2024-06-30

The overall aim of the CAPABLE project is to develop and operationalize multi-objective decision-making frameworks to help evaluate effective yet socially and politically feasible climate and environmental policies in Europe. This will be accomplished through five key objectives:

1. Develop new methods for socio-economic decision-making.

2. Develop new methods for socio-economic decision-making.

3. Synthesize the literature on climate policy impact evaluation and inform EU Green Deal policies.

4. Co-design research outcomes with stakeholders.

5. Develop and disseminate policy tools and recommendations.
The CAPABLE project aims to develop and operationalize multi-objective decision-making frameworks to help evaluate effective, yet socially and politically feasible climate and environmental policies in Europe. In the first 18 months, significant progress has been made across all work packages towards achieving the project's objectives.
Key achievements include:
• Conducting systematic literature reviews on the impact of socio-economic heterogeneity on emissions reduction and public acceptance of climate policy (WP1)
• Developing new frameworks for decision-making under uncertainty (WP1)
• Developing a systematic review of climate policy acceptance (WP2)
• Initiating large-scale surveys on public perceptions of climate policies across EU countries (WP2)
• Developing a dataset of climate change discourse in 1187 manifestos of 418 political parties in 27 European countries from 1990 to 2021 (WP4)
• Creating a comprehensive database of EU public consultations on climate policies (WP4)
• Organizing multiple stakeholder workshops and advisory board meetings to co-design research (WP5)
• Starting development of an interactive online tool for climate policy evaluation (WP5)
• The project has successfully engaged stakeholders through workshops and the advisory board. Dissemination activities are well underway, with regular updates on the project website and social media.
CAPABLE will advance the economic decision analysis rules going beyond classical cost-benefit analysis, in particular: 1) Go beyond expected-utility frameworks and deal with deep uncertainties through non-probabilistic approaches such as ambiguity aversion. 2) Go beyond representative agents and explicitly include social and economic heterogeneity and behavioural characteristics 3) Go beyond single objectives assessments and include multiple goals and welfare dimensions.
CAPABLE is focusing on six impact categories, for which the progress is provided in the Technical Report of RP1.
1. CAPABLE will apply existing and newly developed methods to evaluate existing and planned EU climate and environmental policies.
2. CAPABLE will engage with a large number of policymakers and other stakeholders.
3. CAPABLE will develop new concepts and methods for economic decision.
4. CAPABLE will produce large scale new data on policy acceptance and political feasibility of climate policies based on up to 12 country-level surveys, and a number of survey experiments, providing guidance for developing effective, equitable, and socially viable climate policies.
5. CAPABLE will combine climate-economy-energy models of different nature (ABMs, IAMs, hybrid) and improve them for better policy evaluation.
6. CAPABLE will develop a new interactive, easy to use, and scientifically sound climate policy evaluation tool to enable policymakers to improve decisions.
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