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  • Knowledge Base - login
    Home Macro Sectoral Sub National Energy Environment Labour Market Training Services About Us Site Map Please enter your login details User Name Password Remember me 2016 Cambridge Econometrics All rights

    Original URL path: http://www.camecon.com/Login.aspx?ReturnUrl=%2fHome%2fKnowledgeBase%2fUKEconomySectors%2fKnowledgeBase%2fHome.aspx (2016-02-14)
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  • Knowledge Base - login
    Home Macro Sectoral Sub National Energy Environment Labour Market Training Services About Us Site Map Please enter your login details User Name Password Remember me 2016 Cambridge Econometrics All rights

    Original URL path: http://www.camecon.com/Login.aspx?ReturnUrl=%2fHome%2fKnowledgeBase%2fRegionsLocalCities%2fDownloadableFiles.aspx (2016-02-14)
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  • E3ME: Our Global Macro-econometric Model
    empirical analysis has grown E3ME our global macro econometric E3 Energy Environment Economy model is a tool that has been designed to address some of the key challenges facing society in the 21st century The E3ME model embodies three core strengths Integrated treatment of the world s economies energy systems emissions and material demands enabling the model to capture two way linkages and feedbacks between these components Key environmental factors such as greenhouse gas emissions and resource use are represented explicitly in the model using physical units where appropriate For a visual representation of these linkages click here A high level of disaggregation enabling detailed analysis of sectoral and country level effects effects from a wide range of scenarios Social impacts including unemployment levels and distributional effects are important model outcomes Its econometric specification addressing growing concerns over conventional macroeconomic models and providing a strong empirical basis for analysis E3ME s specification enables the model to fully assess both short and long term impacts It is not limited by many of the restrictive assumptions common to Computable General Equilibrium CGE models We have an experienced team of economists and a strong track record for adding value through our modelling and

    Original URL path: http://www.camecon.com/EnergyEnvironment/EnergyEnvironmentEurope/ModellingCapability/E3ME.aspx (2016-02-14)
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  • The model's estimated equations
    and are given by model parameters These parameters may be calibrated CGE models estimated econometric models or imposed by the model user Typically they vary between countries between sectors and in the short and long run E3ME is an econometric model Its specification gives the model a strong empirical grounding and means it is not reliant on many of the assumptions common to Computable General Equilibrium CGE models E3ME combines the features of an annual short and medium term sectoral model estimated by formal econometric methods with the detail and some of the methods of the CGE models providing analysis of the movement of the long term outcomes for key E3 indicators in response to policy changes It is essentially a dynamic simulation model estimated by econometric methods The econometric techniques used to specify the functional form of the equations are the concepts of cointegration and error correction allowing short term dynamic or transition outcomes moving towards a long term trend The dynamic specification is important when considering short and medium term analysis e g up to 2020 and rebound effects which are included as standard in the model s results The main endogenous variables in E3ME are determined from

    Original URL path: http://www.camecon.com/EnergyEnvironment/EnergyEnvironmentEurope/ModellingCapability/E3ME/model_functions.aspx (2016-02-14)
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  • Sectors
    sector classifications Download data E3ME industries defined in terms of NACE Rev 2 and Rev 1 1 E3ME Sectors 69 E3ME European regions NACE Rev 2 Codes 43 E3ME World regions NACE Rev 1 1 Codes Crops animals etc A01 Agriculture 01 05 Forestry logging A02 Forestry 2 Fishing A03 Coal 10 Coal Part of B Oil Gas 11 12 Oil Gas Part of B Other Mining 13 14 Other Mining Part of B Food Drink and Tobacco 15 16 Food Drink and Tobacco C10 C12 Textiles Clothing Leather 17 18 19 Textiles Clothing Leather C13 C15 Wood Paper 20 21 Wood wood prods C16 Printing Publishing 22 Paper paper prods C17 Manufactured Fuels 23 Printing reproduction C18 Pharmaceuticals 24 4 Coke ref petroleum C19 Chemicals nes 24 excluding 24 4 Other chemicals C20 Rubber Plastics 25 Pharmaceuticals C21 Non Metallic Mineral Products 26 Rubber Plastics C22 Basic Metals 27 Non Metallic Mineral Products C23 Metal Goods 28 Basic Metals C24 Mechanical Engineering 29 Fabricated metal prods C25 Electronics 30 32 Computer optical electronic C26 Electrical Engineering Instruments 31 33 Electrical equipment C27 Motor Vehicles 34 Other machinery equipment C28 Other Transport Equipment 35 Motor Vehicles C29 Manufacturing nes 36 37 Other Transport Equipment C30 Electricity 40 1 Furniture other manufacturing C31 C32 Gas Supply 40 2 40 3 Repair installation machinery C33 Water Supply 41 Electricity Part of D Construction 45 Gas steam air conditioning Part of D Distribution 50 51 Water treatment supply E36 Retailing 52 Sewerage waste management E37 39 Hotels Catering 55 Construction F Land Transport 60 63 Wholesale retail motor vehicles G45 Water Transport 61 Wholesale excl motor vehicles G46 Air Transport 62 Retail excl motor vehicles G46 Communications 64 Land transport piplines H49 Banking Finance 65 67 Water Transport H50 Insurance 66 Air Transport

    Original URL path: http://www.camecon.com/EnergyEnvironment/EnergyEnvironmentEurope/ModellingCapability/E3ME/Sectors.aspx (2016-02-14)
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  • Recent developments
    Model Recent developments Recent developments Version 6 0 of the E3ME model was completed in early 2014 The main changes from the previous version are Expansion to 53 regions now 59 with global coverage and replacing the previous E3MG model Inclusion of bilateral trade making use of the latest available time series data Incorporation of the FTT Power model of the electricity generation sector Expansion of the materials module to include RMC as well as DMI and TMR Ongoing update of the model database and baseline forecast to incorporate the most recent publications In 2015 an additional major development was to incorporate regional cost curves of fuel supply to better account for loss of exports in energy exporting countries and the potential for stranded assets The model is also now able to estimate environmental emissions on a consumption basis All the previous developments made for Version 5 5 of the model have been carried over The current model version includes 69 43 economic sectors for Europe other countries and 43 28 consumption categories There are 22 users of 12 fuel types and 16 users of 7 material groups Finally the model s graphical interface for viewing results has been redesigned

    Original URL path: http://www.camecon.com/EnergyEnvironment/EnergyEnvironmentEurope/ModellingCapability/E3ME/recent_developments.aspx (2016-02-14)
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  • Associated publications
    Junankar S Pollitt H and Summerton P 2009 The Effects of Environmental Tax Reform on International Competitiveness in the European Union modelling with E3ME In M S Andersen and P Ekins Eds Carbon Energy Taxation Lessons from Europe Oxford Oxford University Press Barker T Ekins P Junankar S Pollitt H and Summerton P 2009 The Competiveness Effects of European Environmental Tax Reforms European Review of Energy Markets 3 1 1 33 Barker T Junankar S Pollitt H and Summerton P 2009 The Macroeconomic Effects of Unilateral Environmental Tax Reforms in Europe 1995 2012 In J Cottrell J E Milne H Ashiabor L A Kreiser and K Deketelaere Eds Critical Issues in Environmental Taxation Vol VI Oxford Oxford University Press Barker T De Ramon S and Pollitt H 2009 Revenue Recycling and Labour Markets Effects on Costs of Policies for Sustainability In V Bosetti R Gerlagh and S Schleicher Eds Modeling Transitions to Sustainable Development Cheltenham Edward Elgar Barker T Foxon T and Scrieciu S S 2008 Achieving the G8 50 Target Modelling Induced and Accelerated Technological Change Using the Macro Econometric Model E3MG Climate Policy 8 1 30 45 Köhler J Jin Y and Barker T 2008 Integrated Modelling of EU Transport Policy Assessing Economic Growth Impacts from Social Marginal Cost Pricing and Infrastructure Investment Journal of Transport Economics and Policy 42 1 1 21 Barker T Junankar S Pollitt H and Summerton P 2007 Carbon Leakage from Unilateral Environmental Tax Reforms in Europe 1995 2005 Energy Policy 35 12 6281 6292 Barker T Pan H Köhler J Warren R and Winne S 2006 Decarbonizing the Global Economy with Induced Technological Change Scenarios to 2100 using E3MG Energy Journal 27 S1 241 258 Barker T Pan H Köhler J Warren R and Winne S 2005 Avoiding Dangerous Climate Change by Inducing Technological Progress Scenarios Using a Large scale Econometric Model In H J Schellnhuber W Cramer N Nakicenovic T Wigley and G Yohe Eds Avoiding Dangerous Climate Change Cambridge Cambridge University Press 2005 Barker T and de Ramon S 2006 Testing the Representative Agent Assumption The Distribution of Parameters in a Large scale Model of the EU 1972 98 Applied Economic Letters 13 6 395 398 de Ramon S and Lewney R 2004 Macroeconomic and Structural Impacts of IST International Journal of Technology Policy and Management IJTPM 5 1 61 92 Barker T Dada W and Peterson W 2004 Software Developments in the Cambridge Growth Project 1960 1976 The Origins of Software for Space time Economics Journal of Economic and Social Measurement 29 1 3 173 182 Barker T and Köhler J 2000 Charging for Road Freight in the EU Macroeconomic Implications of a Weigh in motion Tax Journal of Transport Economics and Policy 34 3 311 332 Barker T and Rosendahl K E 2000 Ancillary Benefits of GHG Mitigation in Europe SO2 NOx and PM10 Reductions from Policies to Meet Kyoto Targets Using the E3ME Model and EXTERNE Valuations Ancillary Benefits and Costs of Greenhouse Gas Mitigation Proceedings of

    Original URL path: http://www.camecon.com/EnergyEnvironment/EnergyEnvironmentEurope/ModellingCapability/E3ME/publications.aspx (2016-02-14)
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  • Projects
    by the staff of IES H Economic Impact of Decarbonizing Light Duty Vehicles European Climate Foundation ECF Project team AEA Technology and Cambridge Econometrics The aim of the project was to assess the economic impact of a transition to low carbon light duty vehicles LDVs in the period to 2050 CE s role in the project was to use the E3ME model to assess the economic and employment impact of the changing energy requirements of more fuel efficient vehicles alongside the technology cost of bringing about that transition Modelling of milestones for achieving Resource Efficiency European Commission DG Environment Project team BIO Intelligence Service Cambridge Econometrics LEI and the Institute of Social Ecology This study aimed to analyse the suitability of milestones set under the Flagship Initiative for a Resource Efficient Europe for setting up quantified resource efficiency targets and further assess the impacts economic social and environmental impacts of these quantified targets CE s main role was to conduct Macroeconomic modelling of ETR Environmental tax reform and EHS Environmentally harmful subsidies in E3ME up to 2030 Forecasting Skill Supply and Demand in Europe European Commission CEDEFOP Project team Warwick Institute of Employment Research IER Cambridge Econometrics the Research Centre for Education and the Labour Market ROA and Alphametrics This four year project is providing the framework for a series of studies looking in depth at the roles that skills play in shaping European labour markets CE s contributions focus on the links between labour demand and supply and the wider economy as represented in the structure of the E3ME model that also includes detailed treatment of the labour market The core studies are forecasting the demand for and supply of skills in Europe The additional studies assess further interactions between skills development and economic activity and the possibility of modelling these Studies on Sustainability Issues Green Jobs Trade and Labour European Commission DG Employment Project team Cambridge Econometrics Warwick Institute for Employment Research IER and GHK Consulting The objective was to assess the likely impacts of current climate change policy on the composition quality and quantity of employment The methodology was based on representation of the various policies in the E3ME model allowing for a quantitative analysis of the environmental economic and social impacts of climate change policy The model based analysis was supplemented with a qualitative assessment of issues that could not be represented in the modelling framework for example impacts on particular vulnerable groups such as the young elderly low skilled or less mobile Modelling the Economic Impacts of Carbon Energy and Alternative Tax Bases on Selected Countries in Europe European Climate Foundation ECF Project team Cambridge Econometrics and Vivid Economics The aim of the project was to investigate how energy tax reforms can be used to help generate revenue for governments helping them reduce fiscal deficits and also to analyse the impacts of such reforms CE s main role involved using the E3ME model to assess energy tax reforms for Spain Poland and Hungary by closing

    Original URL path: http://www.camecon.com/EnergyEnvironment/EnergyEnvironmentEurope/ModellingCapability/E3ME/Projects.aspx (2016-02-14)
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