Socio-economic assessment

This category includes (1) cost-benefit analysis to compare the cost and monetized benefits of policies (2) macro-economic impact i.e. general equilibrium models that estimate the indirect, macro-economic consequences of policies for EU countries and economic sectors.

Purpose:

cost-benefit analyses quantify and compare the economic advantages (benefits) and disadvantages (costs) associated with a particular emission-control project or policy so as to inform decision-makers about the socially optimal policy;
general equilibrium models provide useful macroeconomic forecasts and supporting the assessment of international policy measures designed to protect the environment

Models:

CAFE-CBA (air quality) used to assess the benefits of the Thematic Strategy for Air Pollution
GEM-E3 was used to assess the impact of post-Kyoto climate policies of the EU.