An Vu, Márton Simó, János Hidi. "Macroeconomic Impacts of Increased Decarbanisation and Green Industrial Policies in the European Union". KONTEXT Institut für Klimafragen. Accessed July 11, 2024. https://kontext-institut.at/...

The study models two scenarios for the period 2022 to 2050 and their impact on the economy and the labor market as well as on energy consumption/production, energy prices, and greenhouse gas emissions in the EU and Austria.  The main objective of the study is to show the macroeconomic impact of certain industrial policy measures as well as carbon reduction and decarbonization measures within the European Union (EU).  The study shows that economic output increases more strongly in the long term because of an ecological economic policy.  In 2050, the gross domestic product (GDP) in the “sustainable industrial policy” (ZIP) scenario is 3.3% higher than in the business-as-usual (BAU) baseline scenario.  Additional greening economy benefits are lower imports, more jobs, and lower energy prices.

Posted on 12/07/24