Seminars & webinars
30 July 2015

Implications of the 2030 EU Resource Efficiency target on Sustainability


Where: Venice
Location:

Fondazione Eni Enrico Mattei
Isola di San Giorgio Maggiore
30124 Venice

***
Video-conference
at FEEM Milan

How to reach: Google map
Event's Timetable:


h. 12.00 Seminar

Information:

Seminars Office, seminars@feem.it

Speaker:

Fabio Eboli, Fondazione Eni Enrico Mattei and Euro- Mediterranean Centre on Climate Change

Abstract

This paper presents an application of a model-based framework specifically conceived to assess future sustainability over time, at country and macro-regional level, across scenarios. The methodology relies upon a multi-step procedure. First, a macro-economic model is extended, tailored and run to keep track future patterns of a set of economic, social and environmental indicators. Then, indicators are normalized to a common metrics. Finally, indicators are aggregated to derive a broader measure of sustainability.

Such a methodology is flexible enough to analyze the effects of indicators-specific policies on all sustainability dimensions as well as the composite FEEM Sustainaiblity Index. The current analysis explores the implications of achieving the EU27 Resource Efficiency target on sustainability. The 30% increase of EU27 Resource Efficiency by 2030 with respect to the current level is implemented through an ad-valorem tax to the use of mining resources. This implies an overall increase in EU sustainability with respect to the reference “no policy” scenario as the negative effects on the economy (slightly lower GDP and Investment rate) is more than offset by the considerable benefits for the environment.

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Implications of the 2030 EU Resource Efficiency target on Sustainability

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