GEM-E3

Name and contact of the organization

Centre for Economic Studies, KULeuven

CES, Centre for Economic Studies, KULeuven, Naamsestraat 69 - 3000 Leuven, Belgium

Tel: ++32 16 326812

Fax: ++32 16 326796

Description of model

The GEM-E3 model was designed to provide details on the macro-economy and its interactions with the environment and the energy system. It is a general equilibrium model, meaning it computes the equilibrium prices of goods, services, labour, and capital that simultaneously clear all markets.

The model is mainly used for:

1. simulating the effects of market-based instruments (such as taxes) for energy-related environmental policy on key economic and environmental indicators

2. evaluating  European Commission programmes aimed at promoting sustainable economic growth;

3. public finance, stabilisation policies and their implications on trade, growth and the behaviour of economic agents.

Particular relevance

GEM-E3 is particularly relevant in analysing the socio-economic and environmental impacts of changes in energy-related tax and subsidy policies.

Coverage

24 European countries in GEM-E3 Europe, 20 World regions in GEM-E3 World

Model applications

ExternE - The purpose of this project is to analyse environmental damage costs (mainly impacts on health, crops and buildings), giving an economic valuation.  GEM-E3 was used to analyse energy externalities. (http://www.externe.info/).

ExternE - The purpose of this project is to analyse environmental damage costs (mainly impacts on health, crops and buildings), giving an economic valuation.  GEM-E3 was used to analyse energy externalities. (http://www.externe.info/).

Climate change policy in European countries and its effects on industry - GEM-E3 is used to assess the effect of different climate change policies on industrial activity per sector and per member country in the EU
( http://www.gem-e3.net/download/Mitigation_adaptationGC_Stef_Proost.pdf).

GEM-E3 Publications (http://www.gem-e3.net/studies.htm)

Organization's main area of research

Econometrics, energy, transport and environment, monetary and information economics.

Other projects / reseach

CES Publications (http://www.econ.kuleuven.be/eng/ew/publications.htm)