|E3MG sounds complicate - it is!|
One of the key areas of research that 4CMR is involved with is E3 modelling. Over the past few years one of the central models, E3MG (Energy-Environment-Economy (E3) Model for the Globe), has been improved as part of a concerted effort by the core research group. In the near future the improved model will be used to assess policy scenarios related to carbon emissions. Many of the people who follow this blog will have a vague idea of what such a model is, but this month I will be introducing the model in more detail. If you are interested in climate change debates but are turned off by the technical details of econometric modelling, then perhaps this month’s blog article is not for you.
OK, so what is E3MG? The model is one of a suite of E3 models maintained and improved by Cambridge Centre for Climate Change Mitigation Research (4CMR) and Cambridge Econometrics under the guidance of Terry Barker. Each of the models within this suite has a specific territorial focus; E3MG extends coverage across the globe.