- Geographical scope:Global, Regional
- Time horizon:2006 - 2020
- Initial Release:2006
- Institution(s):Cambridge Centre for Climate Change Mitigation Research (4CMR)
E3MG is a sectoral econometric model that has been developed with the intention of analysing long-term energy and environment interactions within the global economy and assessing short and long-term impacts of climate-change policy.
It is very similar to E3ME in structure and closely links economic outcomes with energy policy. It has a particular focus on taxes and subsidies, making it highly relevant to analysis of these response measures. Its global nature also makes it a useful tool for assessing the deployment of new technologies in developing countries.
E3MG is relevant in assessing the socio-economic impact of climate change mitigation policies on a global level. It is particularly useful in analysing the effects of changes in tax and subsidy policies, as well as analysing technological diffusion in developing countries.