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Publications (10)
Russia’s invasion of Ukraine has led to strong economic repercussions globally. In particular, turbulences on international energy markets and reduced flows of natural gas from Russia to the EU led to a sharp increase of natural gas prices. In this paper, we investigate the effect of higher gas prices on the European economy using the computable ge...
The European Green Deal aims to put the EU on track towards climate neutrality by 2050. One of the key elements is a more stringent greenhouse gas emission reduction target of 55% below 1990 levels by 2030. We analyse the socio-economic consequences of alternative policy pathways to reach that target, either relying more on regulatory standards, on...
While electrification of road transport is a key component of decarbonisation, the implications for the broader economy and related jobs remain underexplored. We quantify these impacts in the EU in a global Computable General Equilibrium (CGE) model, combining techno-economic assumptions about electric vehicles with deployment scenarios derived by...
This edition of the Global Energy and Climate Outlook (GECO) analyses the role of electrification in global transition pathways to a low Greenhouse Gas (GHG) emissions economy. Electricity is found to be an increasingly important energy carrier in final energy consumption already in the absence of stronger climate policies than those currently in p...
In the context of digitalisation and decarbonisation, the transport sector may undergo radical transformations in the decades to come. Four key trends hold a significant disruptive potential: Automation, Connectivity, Electrification and Sharing (ACES). In the next decades, these trends could trigger substantial shifts in vehicle stock, ownership a...
A perfect storm of new technologies and new business models is transforming not only our vehicles, but everything about how we get around, and how we live our lives.
The JRC report “The future of road transport - Implications of automated, connected, low-carbon and shared mobility” looks at some main enablers of the transformation of road transpor...
Using a purpose-built, multi-sectoral energy-economy-environmental model we evaluate the economic and environmental impact of a reduction in the levelized costs of offshore wind energy generation in the UK. Our modelling approach suggests that in order to significantly increase the offshore wind capacity in the UK the required fall in the generatio...