Policy workshop: Integrating Climate into Macroeconomic Modelling

How to use models to make informed policy decisions: Tracking progress towards Fit for 55 and REPowerEU


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

This second policy workshop focuses on the monitoring interface from the perspective of policy makers and modellers. It discusses how such interface could be improved in the future. 

Using the new EU Energy Directive as a framing policy, the examples presented and discussed in the workshop will illustrate how counterfactual analyses can support decision making processes on energy taxation and subsidies. The presentations will also shed light on the challenges of multilevel governance structures involving local, national and EU levels, often with disconnected goals and challenges. 

The framing policy questions are as follows:  

  • How to use models to make informed policy decisions (decide on what to do and how to do it at various levels)? 

  • How to use models to evaluate policy decisions (monitoring and evaluation)? 



Welcoming words from the Integrating Climate into Macroeconomic Modelling (ICMM) Project 



 Using models to make informed policy decisions: Overarching comments drawing on Finland’s national climate policy  

 Magnus Cederlöf (Senior advisor at the Ministry of Environment in Finland; member of the Nordic Working Group on Environment and Economy)


Trade-off between assessing policy compliance vs providing insights to policy makers:   

  • Case study1: Saving energy or saving effort? Decomposing effect of an energy savings policy 

  • Case study 2: How time affects the quality of new model results and the value of new model results to policy makers differently 

Kristoffer Steen Andersen (Danish Energy Agency)


 Short break  


 Open Debate  


 Wrapping up and practical information 


 Meet the expert session  

 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.