ECOCEP (FP7 EC, 2014–2017)

7FPNew project on research mobility "Economic Modeling for Climate - Energy Policy"

In collaboration with Institute of Economic Studies FSV Charles University Prague, the Center is coordinating a new four-year long project on research mobility "Economic Modeling for Climate - Energy Policy" (FP7-PEOPLE-2013-IRSES).

Link to the project website

Donor:

European Comission, 7th Framework Programme

Duration:

48 months (January 2014–December 2017) 

Coordinator in CUEC:

Milan Ščasný, Ph.D.

Partners
Univerzita Karlova v Praze, Fondazione Eni Enrico Mattei, The University of Oxford, Fondation Jean-Jacques Laffont, Toulouse sciences economiques, Arizona State University, University of California, Cornell University, Harvard University, University of Maryland, McGill University, Australian National University, University of Queensland, University of Auckland, University of Cape Town, The Centre for Economic and Financial Research at New Economic School, Irkutsk State University, Novosibirsk State University

Main content
Research staff (faculty members and PhD students) exchanges of 1 month-12 months duration per visit between the project partners.

Abstract
Climate change is one of the most challenging and important problems facing European and world society. Our project concentrates on several key aspects of climate change economics, including the valuation of climate change impacts, the main determinants of key drivers of climate change, the economic impact of climate change mitigation policies and the examination of climate change related risks, vulnerabilities and adaptation potential. Our project 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. While the results of our joint project will contribute to fundamental economic research, an important part of our results will also support evidence-based policy. Our project brings together leading researchers and outstanding scholars with wide-ranging research experience in the context of a collaborative scheme of research exchanges and networking. The members of the consortium provide skills and knowledge from the areas of the economics of climate change, energy, resource, health, environmental and agricultural economics, while drawing on additional expertise of participants in financial economics, applied macroeconomics, microeconomics and econometrics. Admitting a value of multi-disciplinary research, our consortium is enriched by researchers and academics from other disciplines, including sociologists, lawyers and environmental scientists. The staff exchanges will enable the reciprocal transfer of knowledge between the members of the consortium, including senior research fellows, professors, early-career academics and PhD students, covering mobility flows between the EU on one side, and the USA, Canada, New Zealand, Australia, Africa and Russia on the other side.

Project summary
Climate change and associated energy issues belong among the most challenging and important problems which are facing European and world society. ECOCEP concentrates 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 is structured in Work Packages (WP) closely related to the major EU programmes and objectives dealing with climate change and associated energy issues. This policy relevance of ECOCEP is underlined by the existing EU policy, which addresses the problem of greenhouse gases (GHG) emissions in its 20-20-20 targets in reduction of GHG emissions, increasing the share of renewable resources in EU energy consumption and reduction in primary energy use to be achieved by 2020. Each of these policy objectives will be analysed in one of ECOCEP’s WP 2-4 using economic modelling. Our integrated approach to the economic analysis dealing with reducing GHG emissions, enhancing the role of renewable energy resources and increasing efficiency of existing energy resources, is reflected in the close connections among our WP, enhanced by the use of common economic techniques and modelling approaches across all the WP.
Besides their global economic effect, GHG emission reductions, due to the changing air quality, will result in a wide range of ancillary effects on human health, ecosystems and biodiversity. Most of these impacts are of a non-market nature, and thus need to be analysed by non-market valuation techniques. WP 5 will address these effects, specifically on ecosystems and human health. In addition to these non-market effects, WP 5 will also analyse the equity concerns covering both intra-generation inequalities as well as inter-generation equity (i.e. discounting).
While the results of ECOCEP will contribute to fundamental economic research, an important part of our results will also support evidence-based policy. Given the extraordinary public policy impact of energy and climate change research, a significant part of our project will lead to policy relevant advice and recommendations based on sound economic knowledge and modelling using the state-of-the-art economic approaches and techniques. ECOCEP brings together leading researchers and outstanding scholars with wide-ranging research experience in the context of a collaborative scheme of research exchanges and networking. The members of the consortium provide skills and knowledge from the areas of the economics of climate change, energy, resource, health, environmental and agricultural economics, while drawing on additional expertise of participants in financial economics, applied macroeconomics, microeconomics and econometrics. Admitting a value of multi-disciplinary research, our consortium is enriched by researchers and academics from other disciplines, including sociologists, lawyers and environmental scientists. The staff exchanges will enable the reciprocal transfer of knowledge between the members of the consortium, including senior research fellows, professors, early-career academics and PhD students, covering mobility flows between the EU on one side, and the USA, Canada, New Zealand, Australia, Africa and Russia on the other side.
ECOCEP is a large network, whose collaboration and smooth functioning will be facilitated by effective management strategies to distribute funds and to monitor performance while ensuring well-being of all participating researchers. There will be a clear leadership structure, innovative and reciprocated contributions from all international partners, with a fair dispute resolution process. In order to lead to sustainable lasting collaboration, ECOCEP will widely utilize already existing relevant networks and professional societies. Through working in international research groups, co-authoring joint publications, taking part in discussion of complementary and sometimes contradictory approaches to economic modelling, the participating researchers will develop a broader, critical view and judgment, and gain or increase international visibility and recognition. They will further benefit from the personal contacts they have established in our ECOCEP international network. The performance of the ECOCEP network will be judged by its effectiveness in achieving the goals set in the WPs, the quality of research and training produced and its impact on the advancement of state of the art modelling for energy and climate change policies.

Deliverables
• Publication in peer-review journals, WP series and in edited volumes, or PhD theses
• Lecture texts or PowerPoint presentations
• Attendance at lectures, workshops and seminars
• A post-trip report

 

Contact

Charles University
Environment Centre
José Martího 407/2
160 00 Praha 6
Czech Republic

tel.: +420 220 199 460

e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. 

How to find us

Personal data protection

Information about data protection

Data Protection Officer
Mgr. Jan Jindra

E-mail: gdpr@cuni.cz
Phone: +420 224 491 740