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Wednesday, 10 September 2014

Cambridge Econometrics Do the Math on Energy Efficiency

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The Economics of Climate Change Policy in the UKCambridge Econometrics (CE) was commissioned by WWF-UK to assess the impacts of climate change mitigation measures on UK households, businesses and the macro-economy. MDM-E3, CE's econometric model of the UK economy, energy system and environment, was used to model the impacts of taking measures to reduce greenhouse gas emissions in the power sector, buildings, transport, industry and agriculture.  The analysis shows that investing in energy efficiency measures and low-carbon technologies in order to meet the fourth carbon budget will lead to the creation of 190,000 jobs and a small increase in GDP (1.1%), relative to a scenario in which no further action is taken to decarbonise the UK economy.

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http://www.camecon.com/Home.aspx



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