Projects
May 2011 / December 2014

Energy Model EU27

As societies advance, they will continue to need energy to power industry, transportation, electricity generation and other services. Global energy consumption constantly rises at a fast pace since 1973. In 2010, consumption in the world's richest countries grew by 3.5 percent, the highest since 1984, bringing it back to the level of a decade ago. Consumption in developing countries - particularly resource-hungry ones in Asia and South America - registered a 7.5 percent increase. Starting from EU27 area, the project aims at developing a general framework for energy consumption.

As societies advance, they will continue to need energy to power industry, transportation, electricity generation and other services. Global energy consumption constantly rises at a fast pace since 1973. In 2010, consumption in the world's richest countries grew by 3.5 percent, the most since 1984, bringing it back to the level of a decade ago. Consumption in developing countries - particularly resource-hungry ones in Asia and South America - logged a 7.5 percent increase. Historically, OECD member countries have accounted for the largest share of current world energy consumption; however, in 2007 - for the first time - energy use among non-OECD nations exceeded that among OECD nations. The discrepancy between OECD and non-OECD energy use will grow in the future, given the more rapid growth in energy demand expected for the emerging non-OECD economies.
Economic analysis has recognized the role of key variables in determining demand and consumption of energy such as level of income, population, industrial activity, availability of potential substitute products, and their prices, climate variables and considering also that all markets are shaped by collective and individual tastes and preferences.
Starting from EU27 area, the project aims at developing a general framework for energy consumption.
The main goals of the project are:

  • To develop and update an energy final consumption forecasting model in the EU27 area;
  • To integrate the different energy consumption forecasting models characterizing the several final uses;
  • To test a new forecasting model for the freight transportation demand of energy.

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