Apr 2018 – Project reports, Project deliverables
[D 4.1 Input to Macroeconomic modelling (Final April 2018)]
Input to Macroeconomic Modelling
Matthias Pfaff, Sibylle Braungardt, Benjamin Fries (Fraunhofer ISI)
Michael Harter, Andreas Müller, Sebastian Forthuber (TU Wien)
This report is submitted as deliverable 4.1 in the BRISKEE project. The report presents the methodological approach used in BRISKEE for modelling the macroeconomic effects of energy efficiency improvements in the EU-28. Furthermore, it summarizes the macroeconomic impulses generated from the energy demand projections conducted in BRISKEE WP 3.
The BRISKEE project has the objectives of providing evidence-based input to energy efficiency policymaking by investigating the role of household decision-making on three levels:
1) On the micro level, the project provides empirical evidence on the factors that influence investment decisions for energy efficiency technologies in households, in particular focusing on the role of household preferences for time discounting and risk, accounting for possible differences by technologies, household types, and countries.
2) On the meso level, the project explores the impact of time discounting and risk preferences, and of policies affecting those factors on technology diffusion and energy demand in the residential sector in Europe up to 2030. The project uses inputs from the micro-level analysis in order to improve the representation of investment decisions in energy demand modelling tools.
3) On the macro level, BRISKEE explores the long-term macroeconomic impacts of changes in microeconomic decision-making and of energy efficiency policy on employment and GDP in the EU up to 2030. The macroeconomic modelling uses input from the scenarios generated in the energy demand models.