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Complex issues such as climate change require new ways of political decision-making. This project looks at advancing these new approaches seeing the world as a complex system, with the aim to provide governments with insights into the most effective policy levers. More details on this external website.
The Economics of Energy Innovation and System Transition (EEIST) project brings together leading experts in all fields of complexity science and innovation scholarship with decision-makers, via a delivery team composed of leading universities and research organisations from Brazil, China, India and the UK. EEIST’s strategic and co-created engagement with Brazil, China, India, the UK and the EU will be delivered via a network including technical experts and decision-makers from the public and private sectors, implementing clear and practical complexity-based modelling solutions for informing decision-making and planning for low-carbon innovation and technological change. Solutions will be delivered within the context of existing science-policy interfaces in Brazil, China India, the UK and the EU in cooperation with BEIS.
The project will deliver empirically validated modelling tools capable of assessing the impact of energy, innovation and technology-related policy choices, at micro and macro levels, on the short- and long run performance along an economic-environmental spectrum with multiple dimensions (notably emissions, GDP, employment, inequality, sectoral and geographical distribution), under a risk opportunity’ assessment framework. These tools, framework and empirical evidence will be made available and maintained for use by stakeholders beyond the end of the project. EEIST’s pioneering approach adds value to existing models by embedding the risks and opportunities of innovation into policy appraisal.
University Of Exeter (lead), University College London, University of Cambridge, University of Oxford, Anglia Ruskin University, Cambridge Econometrics, Climate Strategies, Scuola Superiore Di Studi Universitari E Di Perfezionamento Sant’anna, The Energy and Resources Institute, World Resources Institute – India Office, World Resources Institute – Washington Dc Office, Tsinghua University, The Energy Research Institute, Universidade Federal Rio De Janiero, Universidade Estadual De Campinas, Fundação Getulio Vargas Brasilia.
Climate Strategies acts as a neutral convener of 5 Communities of Practice, working closely with coordinators for each region.
Visit this external website to learn more and see the project’s latest publications.