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A comprehensive socio-economic assessment of EU climate policy pathways

Bibliographic Data

ID12185394
AuthorsMatthias Weitzel (0000-0003-3764-3731, Joint Research Center, corresponding author), Toon Vandyck (0000-0001-5927-0310, Joint Research Center), Luis Rey Los Santos (Joint Research Center), Marie Tamba (0000-0003-1936-8545, Joint Research Center), Umed Temursho (Instituto de Biomedicina de Sevilla), Krzysztof Wojtowicz (0000-0002-1187-8762, Joint Research Center)
Year2022
Volume204
Pages107660-107660
Publication date2022-11-07
Open AccessYes
TypeARTICLE
VenueEcological Economics (JOURNAL)
Journal identifiersISSN: 0921-8009 • E-ISSN: 1873-6106
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.ecolecon.2022.107660
OpenAlexW4308428264
LanguageEN
Citations received13
References cited25

The European Green Deal aims to put the EU on track towards climate neutrality by 2050. One of the key elements is a more stringent greenhouse gas emission reduction target of 55% below 1990 levels by 2030. We analyse the socio-economic consequences of alternative policy pathways to reach that target, either relying more on regulatory standards, on carbon pricing, or a mix of both. We develop a modelling framework that captures macro-economic and sectoral impacts and closely aligns economic and energy system modelling. We further decompose aggregate labour market outcomes into skill and occupation types, and downscale representative household results to micro-level household data to evaluate the distributional effects across income groups with heterogeneous expenditure patterns. By combining models and datasets, our framework enables incorporating a high degree of technological detail while revealing socio-economic aspects of the transition that may go unnoticed in coarse, aggregate assessments. In particular, our results highlight the heterogeneous impacts of climate policy across sectors, worker skill types and income groups, which may require particular attention in climate policy design and corresponding complementary measures to ensure a fair transition to a low-carbon economy

Climate change · Climate policy · Economics · Environmental planning · Environmental resource management · Geography · Natural resource economics · Political science · Regional science · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Environmental Impact and Sustainability · Ecology

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Citations per year0.68
Citation span2007 - 2026 (20)
Highly citedNo

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