M4G · Socio-economic energy-climate modelling for European green transition

Lines connect the coordinator with its partners.

Project objective

The global M4G project aims to provide a comprehensive framework for socio-economic energy-climate modelling in support of EU climate and energy policies and the transition to net zero greenhouse gas emissions by 2050. M4G brings together leading universities and think tanks from around the world to advance the frontiers of energy and climate economics. Building on a large portfolio of existing projects, M4G promotes synergies through enhanced collaboration and knowledge transfer between European beneficiaries and associated partners. M4G emphasises inter- and multi-disciplinary research and links innovative economic modelling with humanities and social sciences disciplines including social psychology, sociology, law, and other social and natural sciences. A key component of M4G is to enhance the intellectual capacity and skills of PhD students and early-stage researchers. Funded secondments bring together leading global experts from different disciplines to collaborate on scientific breakthroughs and to develop next-generation models for complex economic analyses of the drivers of, and responses to, climate change impacts. To provide robust policy recommendations for EU energy and climate policy, M4G integrates lessons from different climate policies with modelling techniques that take into account social and earth systems. M4G develops models for carbon pricing and impact assessment using Integrated Assessment Models and hybridised behaviour-enriched economic and energy systems models. This approach creates a balanced portfolio of models that capture relevant factors and linkages within the European climate and energy initiatives. M4G is unique in its comprehensiveness and focus on understanding incentives. It enables markets to signal appropriate prices for carbon emissions, technologies and services, facilitating a fair and efficient green transition. M4G communicates advanced innovative research to policy makers and to the public at global and regional levels.

Original text from CORDIS.

Participants

• UNIVERZITA KARLOVA · Praha 1CoordinatorCzechia
• BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY · STANFORDUnited States
• EIDGENOESSISCHE TECHNISCHE HOCHSCHULE ZUERICH · ZuerichSwitzerland
• EKONOMICKY USTAV AKADEMIE VED CESKE REPUBLIKY VEREJNA VYZKUMNA INSTITUCE · PRAHA 1Czechia
• FONDATION JEAN JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES · ToulouseFrance
• FONDAZIONE CENTRO EURO-MEDITERRANEOSUI CAMBIAMENTI CLIMATICI · LecceItaly
• LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE · LondonUnited Kingdom
• MASSACHUSETTS INSTITUTE OF TECHNOLOGY · CambridgeUnited States
• NATIONAL UNIVERSITY OF SINGAPORE PUBLIC COMPANY LIMITED BY GUARANTEE · SingaporeSingapore
• PEKING UNIVERSITY · BEIJINGChina
• POLITECNICO DI MILANO · MilanoItaly
• PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE · SantiagoChile
• PRESIDENT AND FELLOWS OF HARVARD COLLEGE · CambridgeUnited States
• THE AUSTRALIAN NATIONAL UNIVERSITY · CANBERRAAustralia
• THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD · OxfordUnited Kingdom
• THE REGENTS OF THE UNIVERSITY OF CALIFORNIA · OaklandUnited States
• THE UNIVERSITY OF AUCKLAND · AucklandNew Zealand
• THE UNIVERSITY OF CHICAGO · CHICAGO ILLINOISUnited States
• THE UNIVERSITY OF MARYLAND FOUNDATIION INC · AdelphiUnited States
• TRUSTEES OF PRINCETON UNIVERSITY · Princeton, NjUnited States
• UNIVERSITA CA' FOSCARI VENEZIA · VeneziaItaly
• UNIVERSITY OF BRITISH COLUMBIA · VANCOUVERCanada
• UNIVERSITY OF CAPE TOWN · RondeboschSouth Africa
• YALE UNIVERSITY · New HavenUnited States

Links

• View on CORDIS
• DOI: 10.3030/101265385