Impacts on the economy as a whole (macro economic analysis)

Individual investment decisions on energy efficiency technologies do not only influence our long-term energy demand, but also the growth and structure of our economy, and this is the level of analysis for the macro level in BRISKEE. At the macro level analysis, BRISKEE ties together the understanding of consumer investment behaviour and risk preference from the micro level investigation and the demand scenarios in the meso-level analysis with an overall analysis of effects on the economy as a whole.

The BRISKEE results are less optimistic on possible outcomes than other simulations regarding, for instance, employment. However, the results should be interpreted as a robust outcome, which shows that increased investments in residential energy efficiency still will have at least modest positive economic impacts for the EU, and it is important to look at the long-term dynamic impacts (in particular beyond 2030) that would arise after investments are paid off.

The structural effects of positive and negative demand impulses induce further macro-economic effects, and contribute to a change in the structural composition of the economy. Additionally, the reduction of energy demand lowers the dependence on imported fossil fuels, which has a positive impact on national trade balances. 

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