Integrating climate into macroeconomic modelling (ICMM)

The project aims to strengthen cooperation between experts and practitioners developing, working, and using integrated macroeconomic climate-economy models and tools for the design of climate policies and green transition strategies in the Nordic Region.  

In the pursuit of ambitious climate targets and carbon neutrality till around mid-century, all Nordic countries have been developing and using modelling frameworks for simulating the potential socio-economic impacts of climate policies on public finances. 

As countries use a very heterogeneous collection of models in nature, focus, level of development, application, usage and even ownership and governance of the tools, the case for further coordination and Nordic cooperation in these issues can be made.

Main objectives

  • to advance expert and policy-planning knowledge and networks among the Nordic countries on modelling decision when it comes to integrating and assessing climate and finance policies; 
  • to enhance the Nordic countries’ international outreach and engagement by advancing common experiences and results from climate and finance integrated models;
  • to identify future Nordic and international collaborative opportunities at both expert and policy-planning levels.

Structure and implementation

The project is structured in 9 main events divided in Technical Workshops (4 events with model experts and practitioners), High-level Policy Events (2 events with policy officers and planners from the ministries with competences on climate policies); and 3 coordination meetings with the Steering Group, at the project start, interim and finalisation stages.

The exact timing, location, logistics and specific agendas and thematic focus for each technical and policy meeting will be determined as outcome(s) from of the kick-off meeting with the Steering Group and the network.

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