Policy workshop: Integrating Climate into Macroeconomic Modelling

On the 15th of September between 13:00 – 14:30 CEST the Integrating Climate into Macroeconomic Modelling (ICMM) project invites experts and practitioners to discuss policy challenges and model capabilities in the Nordic countries.

The workshop's goal is to facilitate exchange on the current challenges about the use of modelling tools in each stage of the policy cycle, from policy design and planning to policy evaluation. 

 The focus will be on:

  • Sharing the preliminary results from the TERM-Nordic model: TERM-Nordic is a computable general equilibrium model designed to explore the effects of climate policies on household finances across the Nordic Region.

  • Knowledge exchange: Learn from the experiences of other countries and share your views on the use and application of existing integrated climate-finance models in policy making.

  • Expanding your network: Meet and exchange ideas with key experts and policy actors in the Nordic Region.

Who might benefit?

  • Experts in different research institutions and other organisations linked to model development in each country, and policy officers and planners with competencies in climate policies.

What is the format?

During the workshop, our project experts will present preliminary results from the TERM-Nordic model. This model is currently under development in the project Ensuring Inclusive Economic Growth in the Transition to a Green Economy (EnIGG), funded by the Nordic Council of Ministers and conducted by Nordregio in cooperation with Merit Economics and the University of Victoria.

After the workshop follows a 30-minute “Meet the speaker!” session,  where you have the opportunity to chat and discuss more in-depth with one of the speakers.

Find more information on the ICMM and  EnIGG projects here.

Preliminary agenda

All hours indicated in the programme are CEST

13:00 Welcoming words

13:05 Presentation of projects: Integrating Climate into Macroeconomic Modelling (ICMM) & Ensuring inclusive economic growth in the transition to a green economy (EnIGG)

13:10 Policy context in the Nordic countries

• Climate policies and decarbonization targets in the Nordic context.

• What are the important climate policy debates right now in a Nordic context?

• Why a pan-Nordic economic equilibrium model?

• Key policies addressed by the Nordic-TERM model.

13:25 The Nordic-TERM model and preliminary results

• How has Nordic-TERM been created?

• Preliminary results on decarbonisation and socio-economic effects in the Nordic countries

13:55 Break

14:00 Open debate. The discussion will focus on the following preliminary questions (TBC):

• Are the preliminary results from the Nordic-TERM Model surprising regarding the financial, distributional, sectoral, social, or territorial effects?

• What can policymakers ask from models/ and model developers? What can and cannot a model deliver?

• What do modellers need from policymakers? Discussing data availability/ accessibility questions.

14:25 Wrapping up – Closing of Workshop

14:30 Meet the experts – After the webinar, we will host a session with the speakers. If you have more questions or would like to discuss something, you can just stay put! The session will last for approximately 30 minutes.