Project Details
Financing body
Austrian Nationalbank (OeNB), Anniversary Fund project 18941
Description
The research project aims to contribute to the need for a new round of modelling approaches incorporating novel phenomena that are likely to shift the context in which the next phase of the energy transition will occur. In particular, these novelties include geopolitically linked shifts in the global trade regime, the new wave of green industrial policy and the return of inflation as a macroeconomic constraint. The approach of the project will be informed by perspectives in political economy and the social sciences more broadly for understanding path-dependent institutional change and will attempt to build the modelling and scenario analyses on top of these foundations. The principal result of the research project will be the attempt to trace concomitant institutional and economic change in a non-equilibrium framework related to the next phase of the global energy transition. In particular, efforts will focus on: 1) developing a dynamic integrated model that is robust to interactions between the macroeconomic environment, technological development and diffusion, environmental resource bottlenecks and shifts in the global trade regime; 2) calibrating the model to produce internally coherent and realistic transition pathways; 3) using these pathways to assess financial and other policy scenarios in multiple contexts in order to provide more adaptable and context-dependent assessment tools.
Acronym | SRANPET OeNB |
---|---|
Status | Active |
Effective start/end date | 1/08/24 → 31/07/26 |
Keywords
- Energy transition
- climate finance
- scenario analysis