Thematic Platform "Green Transformation and Energy Systems"
Details
Project lead: Ina Meyer, Willi HaasProject team member: Mark Sommer, André Baumgart, Nina Eisenmenger (SEC), Kurt Kratena (CESAR), Kurt Kratena (CESAR)
Circular Economy and Decarbonisation: Synergies and Trade-offs (CEDC)
Completed research studies
Study by: Austrian Institute of Economic Research – University of Natural Resources and Applied Life Sciences, Vienna
Commissioned by: Klima- und Energiefonds
Closed: 2023
The project aimed to better understand the implications of decarbonisation (DC) on material demand and the contribution of
a circular economy (CE) to achieving carbon neutrality by analysing different scenarios in a combined physical and economic
modelling approach. The CE is understood as a concept that focuses firstly on reducing, secondly on slowing down, and thirdly
on closing loops of resource flows. To achieve a high-quality stock-flow scenario analysis, the scope of our analysis was
limited to the building, transport (passenger and freight) and electricity sectors. The interlinking of the physical scenario
results with the WIFO.DYNK model and the correlated economic simulations showed that DC combined with a strong CE is advantageous
in terms of value-added and employment effects compared to a combination of DC with a weak CE if the economy is restructured
and directed towards a service-oriented economy.
JEL-Codes:P28, Q54
Research group:Climate, Environmental and Resource Economics – Regional Economics and Spatial Analysis
Language:English