About

A project on climate and energy policy modelling 

Global Excellence in Modeling Climate and Energy Policies (GEOCEP) was a European-funded project that provided an innovative economic modelling framework to aid in the energy transition to a zero-carbon economy. It was active from 1 February 2022 to 31 January 2026. It incorporated transitional challenges such as social and technological innovations, the need for flexibility, and new business and service models. The project divided the research work into four 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. 

The project brought together world-class universities and a think-tank. It linked the frontiers of climate change and energy economics with cutting-edge natural and social sciences knowledge for complex modelling. 

An international network for knowledge transfers

Staff members on secondments helped to facilitate global knowledge transfers. They sought to accomplish scientific advances by developing new generations of models that allowed for a detailed economic study of anthropogenic drivers as well as the effects and responses to climate change. 

The project recognised that the imposition of a global price on carbon emissions was the first-best policy in addressing the global externality of greenhouse gases as a significant driving force of climate change. As a result, it sought to enhance modelling methods linked to carbon pricing and effect assessment. These methods were integrated assessment models, hybrid models, and theoretical and empirical models. 

Supporting evidence-based policies 

The project identified institutional and political barriers to implementing first-best solutions to control global carbon externalities. It investigated a range of second-best energy and climate mitigation policies aimed at increasing energy efficiency, reducing emissions and related environmental and health externalities, and promoting renewable energy. 

Governance 

Coordinator: Dr. Milan Ščasný (Charles University) 

Deputy Coordinator: Prof. Karel Janda (Charles University) 

Project Manager: Dr. Jean-Francois Auger (Charles University) 

Scientific Board: Prof. Dr. Cristina Cattaneo (CMCC), Dr. Misato Sato (London School of Economics and Political Science), Prof. Dr. Cameron Hepburn (University of Oxford), Dr. Stefan Ambec (Toulouse School of Economics), Prof. Dr. Massimo Filippini (ETH Zurich), Prof. Dr. Edwin Muchapondwa (University of Cape Town), Prof. Dr. Juan-Pablo Montero (Pontifical Catholic University of Chile)

Funding 

GEOCEP received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Skłodowska-Curie grant agreement No 681228.