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GECO - Modelling toolbox

The analysis produced benefits from quality knowledge in current developments of the energy markets, and makes use of up-to-date underlying information and of continuously improved modelling tools.

The analysis uses several JRC models in a multidimensional framework where economic welfare is maximised while tackling climate change: the world energy system model POLES-JRC is used for energy sector and greenhouse gases emissions forecasting, and the CGE model JRC-GEM-E3 is used for assessing the economic impacts of the scenarios developed.

The models are developed internally at JRC, and benefit from interactions with several teams of researchers.