Research Program on Climate, Energy and the Economy (RPCEE)


Authors: Kelly C De Bruin , Aykut Mert Yakut

Research Areas: Energy and Environment | Research program on Climate, Energy and the Economy (RPCEE)

Abstract:

The Research Program on Climate, Energy and the Economy (RPCEE) was established in 2017 with the objective of providing a modelling framework for policy analysis concerning climate change. To this end the Ireland Economy, Energy and Environment model (I3E model) is being developed. This model will focus on the relation between the economy, energy inputs and environmental impacts, focusing on Greenhouse gas (GHG) emissions. I3E is a Computable General Equilibrium (CGE) model, which reproduces the structure of the economy in its entirety, including productive sectors, households and the government and examines how inputs and outputs flow between sectors of the economy and ultimately result in final consumption goods. In I3E, energy inputs are supplied using different technologies, each with different concomitant GHG emissions. The I3E model will be linked to the COSMO model to incorporate the medium term economic forecasts of the Irish economy and the University College Cork’s Irish TIMES model to capture details of the energy supply system. The level of detail and richness of data in I3E make it possible to gain insights into the real world impacts for Ireland of specific climate/energy policies.

© 2015 The Economic and Social Research Institute. All rights reserved. Website by JET Design