Project description
Easy transition to a zero-carbon economy
In recent years, due to the growing concerns about global warming and climate change, a big effort is being made to transition to a zero-carbon economy. This transition, however, presents a number of challenges. For example, the economic implications and speed of the transition as well as the need for technologies and financing that will make it possible. The EU-funded GEOCEP project aims to develop and provide an economic modelling framework that will support the transition to a zero-carbon economy. It will do this with the help of many think tanks and universities along with state-of-the-art natural and social sciences already implemented in its framework.
Objective
The global GEOCEP project provides an innovative economic modelling framework supporting the energy transition to a zero-carbon economy and integrating new challenges posed by this transition, including social and technological innovations, the need for flexibility, and new business and services models. GEOCEP brings together leading global and regional think tanks and universities and connects the frontiers of climate change and energy economics with state-of-the-art natural and social sciences utilized in the complex GEOCEP modelling framework. GEOCEP research secondments support a world-wide knowledge transfer aimed to achieve scientific breakthroughs in creating new generations of models enabling complex economic analysis of the anthropogenic drivers and the impacts of and responses to climate change. GEOCEP recognizes that the first best policy in solving the global externality of greenhouse gases as a major driving force of climate change is the imposition of a global price on carbon emissions. Therefore, GEOCEP aims at advancements in modelling techniques related to carbon pricing and impact assessment, including Integrated Assessment Models, hybrid modelling platforms and related theoretical and empirical models. GEOCEP clearly identifies institutional and political obstacles to implementing the first-best solutions to control for the global carbon externality and, consequently, investigates an array of second-best energy and climate mitigation policies focused on increasing energy efficiency, on reducing emissions and related environmental and health externalities and on promoting renewable energy. An understanding of the public impact of energy transition and climate change requires intensive communication of innovative research results to policy-makers and active dissemination to the public at large. This communication and dissemination effort enables formulation of evidence–based and publicly supported policies on both global and regional levels.
Fields of science
Keywords
Programme(s)
Coordinator
116 36 Praha 1
Czechia
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Participants (5)
73100 Lecce
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WC2A 2AE London
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OX1 2JD Oxford
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31080 Toulouse
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8092 Zuerich
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Partners (16)
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
60637 Chicago Illinois
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02139 Cambridge
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10027 7003 New York
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02138 Cambridge
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20783 Adelphi
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08544-2001 Princeton, Nj
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Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
20036 Washington
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Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
94305 2004 Stanford
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Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
94607 OAKLAND CA
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Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
06520 8337 New Haven
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Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
H3A0G4 Montreal
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0200 Canberra
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1010 Auckland
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7701 Rondebosch
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Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
8331150 Santiago
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Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
100083 BEIJING
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