Abstract
This paper explores to what extent moving towards the 30% GHG emission reductions by 2020 with respect to 1990 in the EU can be considered a transformative target. To do so, we first define the concept of transformative targets from a complex systems perspective and show a novel approach and original results using an extended application of the GEM-E3 model. Traditional macroeconomic models cannot easily handle key synergetic system effects derived from green growth and sustainability policies, and thus require additional features. We analyse the role of semi-endogenous growth driven by learning-by-doing and low-carbon investment expectations following a long-term transformative trajectory. © 2013 Copyright Taylor and Francis Group, LLC.
Original language | English |
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Pages (from-to) | 1180-1191 |
Journal | Journal of Environmental Planning and Management |
Volume | 56 |
Issue number | 8 |
DOIs | |
Publication status | Published - 1 Oct 2013 |
Keywords
- EU climate policy
- macroeconomic modelling
- sustainability
- system attractors