Global Excellence in Modeling Climate and Energy Policies

GEOCEP is a project on climate and energy policy modelling and an international network for knowledge transfers. GEOCEP provides an innovative economic modelling framework supporting the energy transition to a zero-carbon economy. Besides, it integrates new challenges posed by this transition, including social and technological innovations, the need for flexibility, and new business and services models. The project brings together leading global and regional think tanks and universities. It connects the frontiers of climate change and energy economics with state-of-the-art natural and social sciences which are utilized in complex modelling. GEOCEP is funded by the European Union’s Horizon 2020 research and innovation programme.

General Objectives

GEOCEP aims at developing innovative economic models to support the transition to a zero-carbon economy. It is divided in six work packages:

  • The drivers of social and technology innovations;
  • Integrated and hybrid modelling of climate change;
  • Health and environmental impacts of climate change and ancillary benefits;
  • Political economy, institutions, and development;
  • Exploitation, Dissemination and Policy Engagement;
  • Coordination and Management of Partnership.

Moreover, GEOCEP research secondments support a world-wide knowledge transfer aimed to achieve scientific breakthroughs in creating new generations of models enabling complex economic analysis of the anthropogenic drivers and the impacts of and responses to climate change.

Expected Results

GEOCEP aims at advancements in modelling techniques related to carbon pricing and impact assessment, including Integrated Assessment Models, hybrid modelling platforms and related theoretical and empirical models.
GEOCEP clearly identifies institutional and political obstacles to implementing the first-best solutions to control for the global carbon externality and, consequently, investigates an array of second-best energy and climate mitigation policies focused on increasing energy efficiency, on reducing emissions and related environmental and health externalities and on promoting renewable energy. An understanding of the public impact of energy transition and climate change requires intensive communication of innovative research results to policy-makers and active
dissemination to the public at large. This communication and dissemination effort enables formulation of evidence–based and publicly supported policies on both global and regional levels.