Energy is integral to the economy. Industry relies on power to produce goods and services and move them from place to place. People depend on affordable and readily available energy in order to live and work.

Effective energy policy is a key tool in the battle against climate change as economies are compelled to move away from fossil fuel-based energy to a low- and zero- carbon system.  However, while the world is still largely fossil fuel dependent, energy will remain a critical geopolitical issue as the centres of fossil fuel production and consumption fluctuate over time.

You need to understand the range of impacts of energy policy under different scenarios on greenhouse gas emissions, jobs, energy prices and the wider economy.  We can advise on the effectiveness of different levels of ambition in the transition to low- and zero-carbon, as well as the impact of the transition on economies which are reliant on fossil fuel production.

Some challenging questions we can help you answer:

Our Energy work

UK Corporate Leaders Group: tackling cost of living and decarbonisation creates win-wins for the UK

Cambridge Econometrics recently worked on a report by the UK Corporate Leaders Group on how to address the cost-of-living crisis in the UK whilst also decarbonising the economy. The report revealed that policies which seek to simultaneously address the cost-of-living crisis wh...

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Electromobility in the Visegrad region – Slovakia

Commissioned by the European Climate Foundation, this report estimated the likely economic impacts associated with, and the potential challenges, to switching car production in Slovakia to battery electric vehicles (EVs) over the long term (to 2040). This technical report sets...

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Greenpeace East Asia: The macroeconomic impact of decarbonising Korea’s passenger car fleet

A report commissioned by Greenpeace East Asia Seoul Office 'The macroeconomic impact of decarbonising Korea’s passenger car fleet', assessed potential technological pathways to decarbonise the Korean passenger car fleet and their wider economic and employment effects.  Camb...

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BEUC: Risks and benefits of dynamic electricity pricing

Commissioned by BEUC (The European Consumer Organisation), the study estimates the monthly, quarterly, and annual electricity costs for an archetype household in Austria and France, under varying conditions and use cases. The study also explores the differential impact of mana...

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European Climate Foundation: Modelling the socioeconomic impacts of zero carbon housing in Europe

A new report commissioned by the European Climate Foundation, ‘Modelling the socioeconomic impacts of zero carbon housing in Europe’ assesses the socio-economic costs and benefits of different potential pathways for decarbonising the residential building sector in Europe. ...

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European Climate Foundation: Assessment of the impacts of an ETS2 for transport and buildings

New scenario analysis by Cambridge Econometrics for the European Climate Foundation reveals the varying impact of introducing, or not introducing, ETS2 on emission reduction for the building heating and transport sectors. The study considered the impact at Member State, region...

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CREDS: Macro-economic impacts of green policies in the Economic Recovery Package post-Covid

Analysis by Cambridge Econometrics for the Centre for Research into Energy Demand Solutions (CREDS) reveals the positive economic, environmental and welfare impacts of ‘green’ policies relative to a ‘business-as-usual’ approach that could be part of a post-Covid, green, e...

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The ROCKWOOL Group: Unlocking the Benefits of Building Renovation

Analysis by Cambridge Econometrics for The ROCKWOOL Group reveals key policy solutions that could help deliver building renovation at a global scale, and unlock a host of environmental, economic and social benefits.  Following the consultation of 40 international renovat...

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The Renovation Wave can cut EU gas imports and reduce consumer bills

New Cambridge Econometrics analysis for the ROCKWOOL Group shows that the EU Commission Renovation Wave’s target of reducing heat demand by 60% across 35 million homes by 2030 will bring significant benefits across society and the economy. The report evaluated the potential ...

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Zero-emission road freight transport in Spain

This study showed that zero-emission trucks are expected to become cheaper than internal combustion engine vehicles through the 2020s

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Greenpeace: the economic impact of decarbonising household heating in the UK

This report for Greenpeace provides a robust analysis of the potential macroeconomic impacts of deploying energy efficiency measures and low-carbon heating technologies in the UK’s residential buildings. The analysis is intended to highlight the potential return on action to in...

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Trade as a measure of innovation performance: Selection and assessment of trade indicators

International trade is a key dimension in measuring the market uptake of clean energy technologies (CET) and the development of the CET sectors in a country. This report was produced as part of a project focusing on the development of a composite indicator to track the perform...

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Oil dependency in the EU

Oil Dependency in the EU for Transport & Environment assesses the EU-27’s oil dependency and the risks associated with imported oil, building on previous analysis carried out in 2016 and 2018 (see below). The report comprises two parts: a review of historical data on oil...

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Working towards a climate neutral Europe: jobs and skills in a changing world

Working towards a climate neutral Europe: jobs and skills in a changing world is a flagship publication by CLG Europe.  CLG Europe, a membership group of leading businesses including Sky, Coca-Cola and Unilever, whose secretariat is provided by the University of Cambridge Insti...

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Economic impacts of an energy from waste facility

Economic impacts of a new energy from waste facility assessed the economic contribution of Amey’s proposed waste management plant at Waterbeach, Cambridgeshire. It assessed how the direct footprint of the site creates value added and jobs through supply chains, both in the l...

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Renewable energy generation: the impact on the global economy (for IRENA)

A series of projects has looked at the potential socioeconomic impact on the global economy of potential large-scale deployments of renewable energy generation technologies. The research has delivered high-level and detailed regional assessments of the impacts on the economy, ...

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Enabling the Energy Transition – What drives energy choices in Europe?

Delivered under the European Union’s Horizon 2020 research and innovation programme, the ENABLE.EU project attempted to understand the key drivers of individual and collective energy choices, including the shift to presumption (where energy consumers start to become also energy...

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EU carbon leakage list post-2020

Cambridge Econometrics supported the European Commission to determine the post-2020 Carbon Leakage List. The Carbon Leakage List contains a number of (sub-)sectors which are deemed to face the risk of carbon leakage due to the EU Emission Trading System (ETS). This is signi...

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Protected: Towards Fossil-Free Energy 2050

This study, commissioned by the European Climate Foundation, examines how zero-carbon energy systems in Europe can function, taking the European Commission's long-term strategy towards a Net Zero Economy by 2050 as its starting point. The study is unique in offering an in-dept...

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Energy scenario: employment implications of the Paris Climate Agreement

For Eurofound, the European Foundation for the Improvement of Living and Working Conditions (an agency of the European Union), Cambridge Econometrics prepared projections for the number and type of jobs that could be available in Europe in 2030 if the Paris Climate Agreement were...

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Study on energy prices, costs and subsidies and their impact on industry and households

As part of the EC’s commitment to present an analysis on energy prices and costs every two years, this study, carried out in collaboration with Trinomics, Enerdata and LBST, directly fed into the third energy prices and costs report in 2018, and updated and extended the an...

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York, North Yorkshire and East Riding (YNYER): a study on low carbon value chains and economic growth

Cambridge Econometrics, in collaboration with Element Energy, identified the low carbon energy technologies and associated value chains that exist in the York, North Yorkshire and East Riding (YNYER) area and assessed the existing and potential economic value the low carbon value...

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E3-Thailand: an Energy-Environment-Economy model of Thailand

E3-Thailand is freely available under licence for academic use and can be downloaded here. E3-Thailand is a dynamic macro-econometric simulation model, developed as a tool for policy analysis in Thailand.  It covers 70 economic sectors, 24 energy users and 5 different fuel ty...

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New Climate Economy: unlocking the inclusive growth story of the 21st Century

We provided empirical inputs to the New Climate Economy 2018 Global Commission Report "Unlocking the Inclusive Growth Story of the 21st Century". The aim of the modelling exercise was to illustrate examples of policies that can simultaneously promote economic growth and reduce...

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Fuelling Italy’s future

“Fuelling Italy’s Future: How the transition to low-carbon mobility strengthens the economy” shows that the transition to low and zero carbon vehicles in Italy will lead to a larger economy. According to the report, the transition has a net positive impact on employment,...

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Reviewing the impact of the low-carbon mobility transition on jobs

We carried out this review of the drivers of the impact on jobs from the transition to low-carbon cars and vans in Europe.

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Trucking into a greener future

We carried out, with external review from Element Energy and the International Council on Clean Transportation, a research project assessing the economic impact of a transition to low- and zero-carbon technologies in the road freight segment across Europe. The project was comm...

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Macroeconomic impact of stranded fossil fuel assets

Macroeconomic impact of stranded fossil fuel assets, a major global study finds that rates of technological change in energy efficiency and renewable power are likely to cause a sudden drop in demand for fossil fuels, with major implications for the global economy. The study, ...

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Fuelling Europe’s Future

We carried out a research project to assess the economic impact of decarbonising cars and vans across Europe.

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Charging Poland – the electrification of Polish road transport

The electrification of Polish road transport is one of the Polish government’s most important economic priorities. The 'Charging Poland' report aims to present the possible scenarios and expected macroeconomic effects related to the electrification of the road transport sect...

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Low carbon cars in Germany

We carried out a research project to assess the economic impact of decarbonising passenger cars in Germany. The project, which was commissioned by the European Climate Foundation, was undertaken in collaboration with Element Energy and M-FIVE, informed by a core working group of ...

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Competitiveness impacts of carbon policies on UK energy-intensive industrial sectors to 2030

Competitiveness impacts of carbon policies on UK energy-intensive industrial sectors to 2030 aimed to support the UK Committee on Climate Change (CCC) with its ongoing assessment of the impact of low carbon policies on energy prices and bills. The study also looked at the comp...

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Oil market futures

The European Climate Foundation asked us to investigate the economic effects of reducing transport-related CO2 emissions.

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Energy blog posts

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For more information on our work in Energy, contact:

Jon Stenning Associate Director [email protected]