Apr 2018 – Project reports, Project deliverables
[D 4.2 Summary report of the results of WP4 (macro-economic modeling). Final 5 April 2018]
Summary report of the results of WP4 (macro-economic modelling)
Matthias Pfaff, Rainer Walz (Fraunhofer ISI)
This report is submitted as deliverable 4.2 in the BRISKEE project in the BRISKEE project and aims at summarizing the methodological, results and policy recommendations derived from the macro-level modelling approach conducted in work package 4.
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 the impact 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 macro-economic impacts of changes in microeconomic decision-making and of energy efficiency policy on employment, GDP and exports in the EU up to 2030.
The objective of this report is to summarize the overall findings and policy recommendations following from the macro-level analysis based on the ASTRA macro-model.
Section 2 introduces the methodological approach of the macro-level analysis. Section 3 discusses macro-level results and policy implications. Section 4 presents implications of the results for macromodellers, including from results from the micro and meso levels.