Headline: IASS Blog October 2020

The IASS blog contains contributions from employees in all IASS departments and covers a huge range of themes. In addition to discussing the latest research findings and events, the blog authors comment on political developments.

 

Financing the Green Transition through Off-Balance-Sheet Fiscal Agencies

In recent years, there have been increasing calls for central banks to become pioneers in sustainability transformation. Is this the best idea - or are there alternatives? In the blog post written by Andrei Guter-Sandu and Steffen Murau, the authors present an alternative and reflect on the implications of their proposal for a "green transition" towards a more sustainable economy. It refers to an essay published in the "Wirtschaftswoche" on the democratization of the Eurozone.

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“Socialising” energy models: It’s time to put social concerns in energy models

On the 7th of October, the European Parliament voted to adopt a more ambitious climate target to reduce EU emissions by 60% in 2030 compared to 1990, up from 40% currently. Policymaking and planning decisions towards this target are not straight forward, and it bears the question: How can we foster the societal and political acceptance needed to completely decarbonise our energy systems? While energy models can be used to study the pathways towards a decarbonised energy system, they largely neglect the social and political dimensions of the energy transition. To provide more realistic, relevant, and sustainable decision-advice, it’s time for energy modellers to integrate social concerns in their models.

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Modellers meet decision-makers: User needs for energy models for the European energy transition

The energy transition raises many questions about how to achieve and design net-zero emission energy systems. Energy models can support decision-makers by providing virtual laboratories in which different energy futures can be explored. But what are the requirements of different stakeholders on these energy models? Which challenges of the energy transition should they tackle? What questions should these models be able to answer? In order to identify needs and discuss the expectations placed on energy modelling in the framework of the project Sustainable Energy Transition Laboratory (SENTINEL), we conducted an online survey in summer and held an online expert workshop on the 1st of October.

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