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Socio-economic energy-climate modelling for European green transition

Project description

Socio-economic energy and climate modelling for EU’s climate policies

The EU’s climate and energy policies target net-zero greenhouse gas emissions by 2050. It is a goal that requires enhanced collaboration and knowledge transfer among European partners. Supported by the Marie Skłodowska-Curie Actions programme, the M4G project will develop a comprehensive framework for socio-economic energy and climate modelling by uniting leading universities and think tanks. It will promote interdisciplinary research, enhance PhD students’ skills and foster collaboration among global experts to develop advanced models that analyse climate change impacts. The project will integrate lessons from climate policies to provide robust recommendations for EU energy strategies with a focus on carbon pricing and impact assessments.

Objective

The global M4G project aims to provide a comprehensive framework for socio-economic energy-climate modelling in support of EU climate and energy policies and the transition to net zero greenhouse gas emissions by 2050. M4G brings together leading universities and think tanks from around the world to advance the frontiers of energy and climate economics. Building on a large portfolio of existing projects, M4G promotes synergies through enhanced collaboration and knowledge transfer between European beneficiaries and associated partners. M4G emphasises inter- and multi-disciplinary research and links innovative economic modelling with humanities and social sciences disciplines including social psychology, sociology, law, and other social and natural sciences. A key component of M4G is to enhance the intellectual capacity and skills of PhD students and early-stage researchers. Funded secondments bring together leading global experts from different disciplines to collaborate on scientific breakthroughs and to develop next-generation models for complex economic analyses of the drivers of, and responses to, climate change impacts. To provide robust policy recommendations for EU energy and climate policy, M4G integrates lessons from different climate policies with modelling techniques that take into account social and earth systems. M4G develops models for carbon pricing and impact assessment using Integrated Assessment Models and hybridised behaviour-enriched economic and energy systems models. This approach creates a balanced portfolio of models that capture relevant factors and linkages within the European climate and energy initiatives. M4G is unique in its comprehensiveness and focus on understanding incentives. It enables markets to signal appropriate prices for carbon emissions, technologies and services, facilitating a fair and efficient green transition. M4G communicates advanced innovative research to policy makers and to the public at global and regional levels.

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Keywords

Programme(s)

Topic(s)

Funding Scheme

HORIZON-TMA-MSCA-SE - HORIZON TMA MSCA Staff Exchanges

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Call for proposal

(opens in new window) HORIZON-MSCA-2025-SE-01

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Coordinator

UNIVERZITA KARLOVA
Net EU contribution
€ 766 530,00
Address
OVOCNY TRH 560/5
116 36 Praha 1
Czechia
Region
Česko Praha Hlavní město Praha
Activity type
Higher or Secondary Education Establishments
Links
Total cost
No data

Participants (5)

Partners (18)