Economic Models to Achieve European Union’s 20-20-20 Targets

Economic Modeling for Climate-Energy Policy (ECOCEP) is a project funded by the European Union and was successfully carried out from 2014 to 2017. The research project was based on EU’s 20-20-20 targets on carbon dioxide emissions, renewable energy, and energy efficiency.
An international team of economists and experts in social sciences developed models to improve the European climate and energy policies. Participants were coming from four beneficiary institutions in Europe: Charles University, the coordinator of the project (Czech Republic), Fondazione Eni Enrico Mattei (Italy), the University of Oxford (United Kingdom), and Toulouse School of Economics (France).
They contributed to European Union’s (EU) commitment to mitigate climate change, enable the energy transition, and facilitate energy savings. More particularly, the results of the project have contributed to the adoption of the Energy Union Package (2016) and to achieve the new 2030 EU targets: a 40% reduction of greenhouse gas; 27% share of renewable energies in the energy portfolio; 27% of energy saving through energy efficiency.