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E3ME: An energy-environment-economy model of Europe
Cambridge Econometrics has experienced remarkable growth in demand for its analytical services at the European level in recent years. Policy emphasis in Europe, as represented by the Europe 2020 strategy, is shifting to encourage the development of green and sustainable measures, recognising that the environment and its diminishing resources represent a genuine threat to long-term prosperity. From both a policy and business perspective, the drive to make Europe the world leader in this area embodies both challenges and significant opportunities.
CE specialises in providing detailed, sophisticated and robust quantitative analysis to clients in both the public and private sectors, helping them to understand the wider picture. Underpinning our European analysis is E3ME, the macroeconomic model that we have developed in a European partnership through successive research programmes.
The E3ME model embodies three key strengths:
Integrated treatment of the economy, the energy system and the environment, enabling the model to capture two-way linkages and feedbacks between these components. Key environmental factors, such as greenhouse gas emissions and resource use are represented in the model. For a visual representation of these linkages, click here.
A high level of disaggregation, enabling detailed analysis of sectoral and country-level effects from a wide range of scenarios.
Its econometric specification, addressing growing concerns over conventional macroeconomic models and providing a strong empirical basis for analysis. E3ME’s specification enables the model to fully assess both short and long-term impacts, and it is not limited by the restrictive assumptions of Computable General Equilibrium (CGE) models.
We have an experienced team of economists and a strong track record for adding-value through our modelling and analytical services. Examples of recent European projects are available here.
E3ME: An energy-environment-economy model of Europe
E3ME purpose and design
Econometric specification
Sectors
Recent developments
Publications
Licensing E3ME
E3ME manual
For more information contact
Hector Pollitt
Associate Director, International Modelling