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ECOCEP Sintesi della relazione

Project ID: 609642
Finanziato nell'ambito di: FP7-PEOPLE
Paese: Czech Republic

Periodic Report Summary 1 - ECOCEP (Economic Modeling for Climate-Energy Policy)


ECOCEP is research project that connects researchers from 17 partner institutions in order to facilitate transfer of knowledge among partner universities in area of environmental and resource economics. Project ECOCEP runs from January 2014 until December 2017 and is funded by a grant awarded by People Programme – International Research Staff Exchange Scheme (IRSES) - Marie Curie Actions - of the European Union's Seventh Framework Programme. Project ECOCEP provides additional financing to researchers in order to support secondments of researchers among partner universities.

ECOCEP brings together world leading researchers and institutions in energy and climate change economics. The participants were chosen such that their expertise covers all major renewable and non-renewable energy resources and different aspects of the related climate change economics. A significant proportion of researcher focuses on agricultural and environmental economics due to strong links to food and agriculture related aspects of the global climate change issues. This link is represented by agricultural commodities yields, water management, land use and energy use and production assessments.

Following universities and research institutions participate on project ECOCEP:
- Charles University in Prague, Fondazione Eni Enrico Mattei, The University of Oxford, Fondation Jean-Jacques Laffont at Toulouse School of Economics (all European Union),
- Arizona State University, University of California, Cornell University, Harvard University, University of Maryland (all United States), McGill University (Canada), Australian National University, University of Queensland (both Australia), University of Auckland (New Zealand),
- University of Cape Town (South Africa), The Centre for Economic and Financial Research at New Economic School, Irkutsk State University, Novosibirsk State University (all Russian Federation).

ECOCEP contributes to fundamental theoretical advances in energy and climate change economics. Given the extraordinary public policy impact of energy and climate change research, a significant part of project leads to policy relevant advice and recommendations based on sound economic knowledge and modelling using the state-of-the-art economic approaches and techniques.

ECOCEP thematically focuses on several key aspects of climate change and energy economics. This includes the valuation of climate change impacts, the economic impact of climate change mitigation policies and the examination of climate change related risks, vulnerabilities and adaptation potential. ECOCEP follows an integrated approach to modelling the impacts of climate and energy policies as a way to advance towards a highly energy efficient, low carbon and green global economy. Particular attention is devoted to the economics of renewable energies and the valuation of non-marketed goods.

ECOCEP research is divided into 4 Work packages:
- WP No 2: Modelling Economic Effects of GHG Mitigation and Adaptation – coordinated by FEEM;
- WP No 3: Energy Resources – coordinated by CEFIR/NES;
- WP No 4: Energy Efficiency and Household Behavior – coordinated by CUNI;
- WP No 5: Non-market Effects, Risk and Equity – coordinated by TSE.

Main results
During the first project period ECOCEP substantial contribution has been achieved in all four work packages. ECOCEP researchers significantly contributed via publications in research journals and regularly presented results of their work to research community and stakeholders. Among others:
- Scasny, et al. (2015). Quantifying the ancillary benefits of the representative concentration pathways on air quality in Europe. Environmental and Resource Economics, 62(2), 383–415.
- Avdulaj, K. & Barunik, J. (2015). Are benefits from oil–stocks diversification gone? New evidence from a dynamic copula and high frequency data. Energy Economics, 51, 31–44.
- Baruník, J. & Malinská, B. (2016). Forecasting the term structure of crude oil futures prices with neural networks. Applied Energy, 164, 366–379.
- Tuncel, T. & Hammitt, J. K. (2014). A new meta-analysis on the WTP/WTA disparity. Journal of Environmental Economics and Management, 68(1), 175–187.
- Havranek, T., Irsova, Z., Janda, K., & Zilberman, D. (2015). Selective reporting and the social cost of carbon. Energy Economics, 51, 394–406.

ECOCEP has two main objectives:
- Creation and the reinforcement of networks for joint research and high-level training of researchers in economic modelling applicable to the climate change and energy policies in the EU and other countries.
- Transfer of knowledge among the participant institutions and their researchers.

The emphasis of ECOCEP is on the inclusion of the most excellent world-leading research institutions and individuals and on the inclusion of the best institutions and researchers at a regional level that are well-suited to cooperate and benefit from this exchange network.

Transfer of knowledge
The ECOCEP project strives to provide the most beneficial and most efficient support for transfer of scientific knowledge among the participating institutions and their researchers. The first dimension of the ECOCEP transfer of knowledge covers the flows between the EU and the most progressed research and academic institutions in the US, Canada, Australia and New Zealand.

Another dimension is the West-East/South knowledge transfer among the world-leading research institutions from the highly developed countries of America, Australasia and Western Europe and the post-transition Eastern European countries and Africa. The East/South is represented in ECOCEP by the Czech Republic, Russia and South Africa where Charles University in Prague and The Centre for Economic and Financial Research at New Economic School as the most advanced economic institutes in post-communist countries are uniquely prepared to fully benefit from the knowledge transfer from the frontiers of knowledge on economic modelling for climate change and energy issues. It is similar for the University of Cape Town as the best African university.
East-to-East knowledge transfer is captured in ECOCEP project by inclusion of Novosibirsk State University and Irkutsk State University.

For more information, please contact:
Prof. Karel Janda, Project coordinator, Professor at Charles University in Prague
or see the ECOCEP project webpage

Reported by

Czech Republic


Life Sciences