Modelling the Energy Transition
Modelling the Energy Transition – MET is a research program aimed at studying the energy transition in dynamic settings and under uncertainty by developing economic models with both a micro and macro approach. Within the program, different types of models are studied, with the aim of exploring how different methodological approaches can have different impacts and solutions while studying environmental and energy economics.
The activities of the MET program concern two specific areas:
- ABM – Agent Based Model and
- EEUMs – Environment, Energy, Uncertainty Models.
ABM – Agent Based Model for Energy Transition
The activities in this area aim to develop Agent Based Models on multiple sectors, with a special focus on energy sectors and their environmental impacts. Using Agent Based Models allows to grasp the heterogeneity of the economic agents at sectoral level, with the goal of providing new perspectives and insights to the economic research. The program intends to consolidate the development of the MATRIX (Multi-Agent model for Transition Risks) model by including a specific module for climate change, mitigation policies and environmental awareness of households and consumers (demand-side approach). The agents’ heterogeneity of the AB Model represents the building block of the economic processes’ dynamics and makes it possible to study at best the endogenous shocks of such processes.
EEUMs – Environment, Energy, Uncertainty Models
The activities in this area aim to deepen the issue of uncertainty within the framework of environmental and energy economics, with a focus on renewable resources, the use of new technologies and the role of information for the decarbonization process. To this end, models based on the representative agent, strategic models and macroeconomic models will be used for an analysis of the dynamics of the traditional and renewable energy markets. The analysis is also focused on the study of systemic and idiosyncratic shocks at economic and environmental level and on the role of information in energy market phenomena.
Projects
01.03.2024 / 28.02.2027
Research Project | Ongoing Project
Data Science for Carbon Harvesting ANd the aGriculturE tranSition
01.09.2023 / 31.08.2025
Research Project | Ongoing Project
EconCSA – Assessing the Economic Efficiency of the Climate Smart Agriculture in South Asia
01.06.2021 / 30.04.2025
Research Project | Ongoing Project
NEXUS Nature Ecosystem Society Solution: Fair and Sustainable Resource Allocation Demonstrator of the Multiple WEFE Nexus Economic, Social and Environmental Benefits for Mediterranean Regions- NEXUSNESS
Publications
Scientific Pubblications
Working Paper | 25.11.2024
Taking the green pill: Macro-financial transition risks and policy challenges in the MATRIX model
Emanuele Ciola (Fondazione Eni Enrico Mattei and Department of Economics and Management, Università degli Studi di Brescia), Enrico M. Turco (Fondazione Eni Enrico Mattei and Department of Economics and Finance, Catholic University of Sacred Heart, Milan), Massimiliano Rizzati (Fondazione Eni Enrico Mattei and Department of Economics and Management, Università degli Studi di Brescia), Davide Bazzana (Fondazione Eni Enrico Mattei and Department of Economics and Management, Università degli Studi di Brescia), Sergio Vergalli (Fondazione Eni Enrico Mattei and Department of Economics and Management, Università degli Studi di Brescia)
Journal Articles | 25.11.2024
Cost–benefit analysis of landfill emergency securing: Two applications in Southern Italy
Nicola Comincioli (Department of Economics and Management, University of Brescia and Fondazione Eni Enrico Mattei); Ilenia Gaia Romani (Department of Economics and Management, University of Brescia, Fondazione Eni Enrico Mattei and CEEPR, Massachusetts Institute of Technology); Sergio Vergalli (Department of Economics and Management, University of Brescia and Fondazione Eni Enrico Mattei)
Journal Articles | 09.10.2024
Carbon Taxation and Electricity Price Dynamics: Empirical Evidence from the Australian Market
Nicola Comincioli (Fondazione Eni Enrico Mattei and Università di Brescia); Mattia Guerini (Fondazione Eni Enrico Mattei and Università di Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei and Università di Brescia)
Working Paper | 17.07.2024
Balancing Climate Policies and Economic Development in the Mediterranean Countries
Chiara Castelli (Wiener Institut für Internationale Wirtschaftsvergleiche), Marta Castellini (Department of Economics and Management “Marco Fanno”, University of Padua and Fondazione Eni Enrico Mattei), Camilla Gusperti (Department of Economics and Management, Università degli Studi di Brescia and Fondazione Eni Enrico Mattei), Veronica Lupi (Department of Environmental Economics, Institute for Environmental Studies, Vrije Universiteit and Fondazione Eni Enrico Mattei), Sergio Vergalli (Department of Economics and Management, Università degli Studi di Brescia and Fondazione Eni Enrico Mattei)
Journal Articles | 03.05.2024
Exploring macroeconomic models in the water, energy, food, and ecosystem (WEFE) field: a comprehensive review
Chiara Castelli (Fondazione Eni Enrico Mattei and Wiener Institut fur Internationale Wirtschaftsvergleiche); Marta Castellini (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Padua); Camilla Gusperti (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia); Ilenia Romani (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia); Emanuele Ciola (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia)
Journal Articles | 18.04.2024
Synergies of CGE and IAM modelling for climate change implications on WEFE nexus in the Mediterranean
Raviv Orna (Natural Resources and Environmental Research Center, University of Haifa); Palatnik Ruslana Rachel (Department of Economics and Management, The Max Stern Yezreel Valley College and Natural Resources and Environmental Research Center, University of Haifa); Marta Castellini (Department of Economics and Management “Marco Fanno”, University of Padua and Fondazione Eni Enrico Mattei); Camilla Gusperti (Department of Economics and Management, University of Brescia and Fondazione Eni Enrico Mattei); Sergio Vergalli (Department of Economics and Management, University of Brescia and Fondazione Eni Enrico Mattei); Sirota Julia (The Max Stern Yezreel Valley College); Shechter Mordechai (Natural Resources and Environmental Research Center, University of Haifa)
Journal Articles | 13.06.2023
Ecosystem degradation and the spread of Covid-19
Chiara Castelli (The Vienna Institute for International Economic Studies); Marta Castellini (Department of Civil, Environmental and Architectural Engineering, DICEA, University of Padova and Fondazione Eni Enrico Mattei); Nicola Comincioli (Department of Economics and Management, University of Brescia and Fondazione Eni Enrico Mattei); Maria Laura Parisi (Department of Economics and Management, University of Brescia); Nicola Pontarollo (Department of Economics and Management, University of Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia)
Journal Articles | 01.06.2023
V for vaccines and variants
Domenico Delli Gatti (Department of Economics and Finance, Complexity Lab in Economics, Catholic University and CESifo); Severin Reissl (RFF-CMCC European Institute on Economics and the Environment); Enrico Turco (Department of Economics and Finance, Catholic University and Fondazione Eni Enrico Mattei)
Working Paper | 11.05.2023
Warming the MATRIX: a Climate Assessment under Uncertainty and Heterogeneity
Davide Bazzana (Fondazione Eni Enrico Mattei and Department of Economics and Management, Università degli Studi di Brescia); Massimiliano Rizzati (Fondazione Eni Enrico Mattei and Department of Economics and Management, Università degli Studi di Brescia); Emanuele Ciola (Fondazione Eni Enrico Mattei and Department of Economics and Management, Università degli Studi di Brescia); Enrico Turco (Fondazione Eni Enrico Mattei and The Complexity Lab in Economics, Department of Economics and Finance, Catholic Univeristy of Milan); Sergio Vergalli (Fondazione Eni Enrico Mattei and Department of Economics and Management, Università degli Studi di Brescia)
Journal Articles | 03.04.2023
Kuznets and the cities: Urban level EKC evidence from Europe
Massimiliano Carlo Pietro Rizzati (Fondazione Eni Enrico Mattei); Nicolò Florenzio (Università Bocconi, Centre for Research in Geography, Resources, Environment, Energy and Networks); Gianni Guastella (Università Cattolica del Sacro Cuore, Maths and Physics Department ‘Niccolò Tartaglia’); Stefano Pareglio (Università Cattolica del Sacro Cuore, Maths and Physics Department ‘Niccolò Tartaglia’)
Journal Articles | 02.01.2023
Enter the MATRIX model: a Multi-Agent model for Transition Risks with application to energy shocks
Emanuele Ciola (Fondazione Eni Enrico Mattei and Università degli Studi di Brescia); Enrico Maria Turco (Fondazione Eni Enrico Mattei and Università Cattolica del Sacro Cuore); Andrea Gurgone (Fondazione Eni Enrico Mattei and Università Cattolica del Sacro Cuore); Davide Bazzana (Fondazione Eni Enrico Mattei and Università degli Studi di Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei and Università degli Studi di Brescia); Francesco Menoncin (Fondazione Eni Enrico Mattei and Università degli Studi di Brescia)
Journal Articles | 01.01.2023
Bayesian profile regression to study the ecologic associations of correlated environmental exposures with excess mortality risk during the first year of the Covid-19 epidemic in lombardy, Italy
Eric S. Coker (Department of Environmental and Global Health, University of Florida); John Molitor (College of Public Health and Human Sciences, Oregon State University); Silvia Liverani (School of Mathematical Sciences, Queen Mary University of London); James Martin (Department of Environmental and Global Health, University of Florida); Paolo Maranzano (Department of Economics, Management and Statistics of the University of Milano-Bicocca and Fondazione Eni Enrico Mattei); Nicola Pontarollo (Department of Economics and Management, Università Degli Studi di Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia)
Working Paper | 02.12.2022
Renewable energy communities, digitalization and information
Dirk Bergemann (Department of Economics, Yale University and Fondazione Eni Enrico Mattei); Marina Bertolini (Department of Economics and Management, Levi Cases Centre and CRIEP, University of Padova); Marta Castellini (Fondazione Eni Enrico Mattei and Department of Civil, Environmental and Architectural Engineering, DICEA, University of Padova); Michele Moretto (Department of Economics and Management, Levi Cases Centre and CRIEP University of Padova); Sergio Vergalli (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia)
Working Paper | 28.11.2022
A review of macroeconomic models for the WEFE nexus assessment
Chiara Castelli (Fondazione Eni Enrico Mattei and Wiener Institut fur Internationale Wirtschaftsvergleiche); Marta Castellini (Fondazione Eni Enrico Mattei and Department of Civil, Environmental and Architectural Engineering, University of Padua); Emanuele Ciola (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia); Camilla Gusperti (Fondazione Eni Enrico Mattei); Ilenia Gaia Romani (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei and Department of Economics and Management, University of Brescia)
Working Paper | 09.09.2022
Energy price shocks and stabilization policies in a multi-agent macroeconomic model for the Euro Area
Enrico Turco (Fondazione Eni Enrico Mattei and Complexity Lab in Economics, Department of Economics and Finance, Catholic University of Milan); Davide Bazzana (Fondazione Eni Enrico Mattei, Department of Economics and Management, University of Brescia); Massimiliano Rizzati (Fondazione Eni Enrico Mattei); Emanuele Ciola (Fondazione Eni Enrico Mattei, Department of Economics and Management, University of Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei, Department of Economics and Management, University of Brescia)
Libri | 22.06.2022
Connecting the Sustainable Development Goals: The WEF Nexus
Laura Cavalli (Programme Director, Agenda 2030 and Sustainable Development Research Programme, Fondazione Eni Enrico Mattei); Sergio Vergalli (Associate Professor in Economic Policy at the University of Brescia and Programme Director, Modelling the Energy Transition, Fondazione Eni Enrico Mattei)
Working Paper | 03.03.2022
Charging the macroeconomy with an energy sector: an agent-based model
Emanuele Ciola (Fondazione Eni Enrico Mattei and Università degli Studi di Brescia); Enrico Turco (Fondazione Eni Enrico Mattei and Università Cattolica del Sacro Cuore); Andrea Gurgone (Fondazione Eni Enrico Mattei and Università Cattolica del Sacro Cuore); Davide Bazzana (Fondazione Eni Enrico Mattei and Università degli Studi di Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei and Università degli Studi di Brescia); Francesco Menoncin (Fondazione Eni Enrico Mattei and Università degli Studi di Brescia)
Working Paper | 25.02.2022
Besides promising economic growth, will the Italian NRRP also produce fewer emissions?
Ilenia Romani (Università degli Studi di Brescia and Fondazione Eni Enrico Mattei); Marzio Galeotti (Università degli Studi di Milano and Fondazione Eni Enrico Mattei); Alessandro Lanza (LUISS and Fondazione Eni Enrico Mattei)
Journal Articles | 02.02.2022
A Welfare Analysis on Start-Up Decisions under Default Risk
Nicola Comincioli (University of Brescia); Paolo Panteghini (University of Brescia); Sergio Vergalli, (University of Brescia)
Journal Articles | 28.06.2021
Temperature Variability and the Macroeconomy: A World Tour
Michael Donadelli (University of Brescia); Marcus Jüppner (Deutsche Bundesbank, Goethe University Frankfurt); Sergio Vergalli (University of Brescia)
Journal Articles | 31.10.2021
Can commercial trade represent the main indicator of the COVID-19 diffusion due to human-to-human interactions? A comparative analysis between Italy, France, and Spain
Elza Bontempi (University of Brescia); Mario Coccia (CNR); Sergio Vergalli (Fondazione Eni Enrico Mattei); Alessandra Zanoletti (University of Brescia)
Working Paper | 20.10.2021
The start-up decision under default risk
Nicola Comincioli (Fondazione Eni Enrico Mattei, University of Brescia); Paolo M. Panteghini (University of Brescia, CESifo); Sergio Vergalli (Fondazione Eni Enrico Mattei, University of Brescia)
Working Paper | 19.10.2021
Learning about Unprecedented Events: Agent-Based Modelling and the Stock Market Impact of COVID-19
Davide Bazzana (Fondazione Eni Enrico Mattei); Michele Colturato (University of Pavia); Roberto Savona (University of Brescia)
Working Paper | 14.10.2021
Energy exchange among heterogeneous prosumers under price uncertainty
Marta Castellini (Università degli Studi di Brescia, Fondazione Eni Enrico Mattei); Luca Di Corato (Ca’ Foscari University of Venice); Michele Moretto (Università degli Studi di Padova); Sergio Vergalli (Università degli Studi di Brescia, Fondazione Eni Enrico Mattei)
Journal Articles | 21.09.2021
A multi-disciplinary approach to estimate the medium-term impact of COVID-19 on transport and energy: A case study for Italy
Davide Bazzana (Fondazione Eni Enrico Mattei, Università degli Studi di Brescia); Jed J. Cohen (Salt River Prokect-Integrated System Planning and Support); Nicolò Golinucci (Fondazione Eni Enrico Mattei, Politecnico di Milano); Manfred Hafner (Fondazione Eni Enrico Mattei, SciencesPo – Paris School of International Affairs PSIA, Johns Hopkins University – School of Advanced International Studies SAIS-Europe); Michel Noussan (Fondazione Eni Enrico Mattei, SciencesPo – Paris School of International Affairs PSIA); Johannes Reichl (Energieinstitut an der Johannes Kepler Universität Linz); Matteo Vincenzo Rocco (Politecnico di Milano); Alessandro Sciullo (IRES Piemonte – Istituto di Ricerche Economico Sociali del Piemonte, Università degli Studi di Torino); Sergio Vergalli (Fondazione Eni Enrico Mattei, Università degli Studi di Brescia)
Working Paper | 30.08.2021
The day after tomorrow: mitigation and adaptation policies to deal with uncertainty
Davide Bazzana (Università degli Studi di Brescia, Fondazione Eni Enrico Mattei); Francesco Menoncin (Università degli Studi di Brescia, Fondazione Eni Enrico Mattei); Sergio Vergalli (Università degli Studi di Brescia, Fondazione Eni Enrico Mattei)
Working Paper | 26.05.2021
Impact of climate smart agriculture on food security: an agent-based analysis
Davide Bazzana (University of Brescia, Fondazione Eni Enrico Mattei); Jeremy Foltz (University of Wisconsin-Madison); Ying Zhang (Johns Hopkins University)
Journal Articles | 13.05.2021
Investments, Energy, and Green Economy
Herbert Dawid (Department of Business Administration and Economics and Center for Mathematical Economics, Bielefeld University); Peter M. Kort (Department of Econometrics and Operations Research & CentER, Tilburg University; Department of Economics, University of Antwerp); Sergio Vergalli (Department of Economics and Management, Università degli Studi di Brescia; Fondazione Eni Enrico Mattei)
Journal Articles | 08.01.2021
Welfare effects of business taxation under default risk
Nicola Comincioli (Department of Economics and Management – University of Brescia, Fondazione Eni Enrico Mattei); Paolo M. Panteghini (Department of Economics and Management – University of Brescia, Fondazione Eni Enrico Mattei); Sergio Vergalli (Fondazione Eni Enrico Mattei, Department of Economics and Management – University of Brescia)
Working Paper | 03.11.2020
Mothballing in a Duopoly: Evidence from a (Shale) Oil Market
Nicola Comincioli (University of Brescia, Fondazione Eni Enrico Mattei); Verena Hagspiel (Norwegian University of Science and Technology); Peter M. Kort (Tilburg University); Francesco Menoncin (Università di Brescia); Raffaele Miniaci (University of Brescia); Sergio Vergalli (University of Brescia, Fondazione Eni Enrico Mattei)
Journal Articles | 20.10.2020
Analyzing constraints in the water-energy-food nexus: The case of eucalyptus plantation in Ethiopia
Davide Bazzana (Department of Economics and Management – University of Brescia – Fondazione Eni Enrico Mattei); Gianni Gilioli (Department of Molecular and Translational Medicine – University of Brescia); Belay Simane (College of Development Studies – Addis Ababa University); Benjamin Zaitchik (Department of Earth and Planetary Sciences – Johns Hopkins University)
Journal Articles | 11.09.2020
Impact of water and energy infrastructure on local well-being: an agent-based analysis of the water-energy-food nexus
Davide Bazzana (Department of Economics and Management – Università degli Studi di Brescia, Fondazione Eni Enrico Mattei); Benjamin Zaitchik (Department of Earth and Planetary Sciences); Gianni Gilioli (Department of Molecular and Translational Medicine – Università degli Studi di Brescia)
Journal Articles | 04.08.2020
On the Impact of COVID-19-Related Uncertainty
Marta Castellini (Università degli Studi di Brescia, Fondazione Eni Enrico Mattei); Michael Donadelli (Università degli Studi di Brescia); Ivan Gufler (Università Ca’ Foscari Venezia)
Journal Articles | 30.07.2020
Impact of hydropower development on rural livelihood: An agent-based exploration
Davide Bazzana (Department of Molecular and Translational Medicine – University of Brescia); Gianni Gilioli (Department of Molecular and Translational Medicine – University of Brescia); Benjamin Zaitchik (Department of Earth & Sciences – Johns Hopkins University)
Journal Articles | 12.06.2020
Understanding COVID-19 diffusion requires an interdisciplinary, multi-dimensional approach
Elza Bontempi (INSTM and Chemistry for Technologies Laboratory – University of Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei); Flaminio Squazzoni (Department of Social and Political Sciences – University of Milan)
Working Paper | 09.06.2020
The Effects of Air Pollution on COVID-19 Related Mortality in Northern Italy
Eric Coker (College of Public Health and Health Professions – University of Florida); Laura Cavalli (Fondazione Eni Enrico Mattei); Enrico Fabrizi (Department of Economics and Social Sciences – Università Cattolica del Sacro Cuore); Gianni Guastella (Fondazione Eni Enrico Mattei, Department of Mathematics and Physics – Università Cattolica del Sacro Cuore); Enrico Lippo (Fondazione Eni Enrico Mattei); Maria Laura Parisi (Department of Economics and Management – Università degli studi di Brescia); Nicola Pontarollo (Department of Economics and Management – Università degli studi di Brescia); Massimiliano Rizzati (Fondazione Eni Enrico Mattei); Alessandro Varacca (Department of Agricultural Economics – Università Cattolica del Sacro Cuore); Sergio Vergalli (Fondazione Eni Enrico Mattei, Department of Economics and Management – Università degli studi di Brescia)
Working Paper | 25.10.2019
Photovoltaic Smart Grids in the Prosumers Investment Decisions: a Real Option Model
Marta Castellini (Università di Brescia, Fondazione Eni Enrico Mattei); Francesco Menoncin (Università degli Studi di Brescia); Michele Moretto (Università degli studi di Padova); Sergio Vergalli (Università degli studi di Brescia, Fondazione Eni Enrico Mattei)
Journal Articles | 30.07.2019
Deferred Taxation under Default Risk
Cristian Carini (University of Brescia); Michele Moretto (University of Padua); Paolo M. Panteghini (CESifo, AccounTax Lab, University of Brescia); Sergio Vergalli (Fondazione Eni Enrico Mattei, University of Brescia)
Working Paper | 20.06.2019
Adoption Gaps of Environmental Adaptation Technologies with Public Effects
Angelo Antoci (University of Sassari); Simone Borghesi (University of Siena, European University Institute); Giulio Galdi (University of Siena); Sergio Vergalli (Fondazione Eni Enrico Mattei, University of Brescia)
Working Paper | 03.05.2019
Optimal Stopping Time, Consumption, Labour, and Portfolio Decision for a Pension Scheme
Francesco Menoncin (Università degli Studi di Brescia); Sergio Vergalli (Università degli Studi di Brescia)
Events
06.12.2023 / 07.12.2023
WORKSHOP | Past Event
2nd Edition of the Workshop “Research Dialogues on the Complexity of the Energy Transition”
25.10.2023 / 25.10.2023
Seminars / Webinars | Past Event
The Evolution of the MATRIX Model
30.11.2022 / 30.11.2022
Seminars / Webinars | Past Event
Clima, caso e statistica