Case-study - The transition of Belgium towards a low carbon society: A macroeconomic analysis fed by a participative approach

Abstract

We describe a new approach for analyzing the socio-economic impacts of a low carbon transition. It consists in feeding a traditional macroeconomic model of a national economy, namely Belgium, with the results of a participative modelling exercise based on a prospective energy accounting model, the so-called Calculator. While contributing to overcoming important economic modelling barriers, this approach fosters stakeholders engagement and allows for extending the scope of the energy transition impact analysis.

Keywords

• Energy transition
• Macroeconomic modelling
• Transition management
• Belgium