E3ME: An Energy-Environment-Economy Model of Europe
The E3ME model has been built by a European team under the EU JOULE/THERMIE
programme as a framework for assessing energy-environment-economy issues and
policies. The model has been used for general macro and sectoral economic analysis
and for more focused analysis of policies relating to greenhouse gas mitigation,
incentives for industrial energy efficiency and sustainable household consumption.
Its pan-European coverage is appropriate for an increasingly integrated European
market. E3ME provides an econometric one-model approach in which the detailed
industry analysis is consistent with the macro analysis: in E3ME, the key indicators
are modelled separately for each sector, and for each region, yielding the
results for Europe as a whole.
The E3ME model provides annual comprehensive forecasts to the year 2030:
- for 29 European regions including the EU27, Norway and Switzerland
- for industry output, investment, prices, exports, imports, employment and intermediate demand at a 42-industry level including 16 service industries - for consumers' expenditure in 41 categories
- for energy demand, split by 19 fuel users of 12 fuels, and environmental emissions.
- for physical demands of seven types of material inputs
Features of the model include:
- full macro top-down and industrial bottom-up simulation analysis of the economy, allowing industrial factors to influence the macro-economic picture
- an in-depth treatment of changes in the input-output structure of the economy over the forecast period to incorporate the effects of technological change, relative price movements and changes in the composition of each industry's output
- dynamic multiplier analysis, illustrating the response of the main economic indicators, industrial outputs and prices to standard changes in the assumptions, eg changes in world oil prices, income taxes, government spending, and exchange rates
- scenario analysis, across a range of greenhouse gas mitigation policies
in Europe, including carbon taxes and permit trading
- E3ME purpose and design
- The stochastic functions of the model
- Accounting in E3ME
- Recent Developments
- Publications
- European partnership
- Licensing E3ME
- E3ME Manual
For more information contact
Hector Pollitt
Project Manager - European Modelling
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