The EEIST Project drives the transition to a low carbon economy

Economics of Energy Innovation Systems Transition (EEIST) is a 3 year UK Department for Business, Energy and Industrial Strategy (BEIS) and Children’s Investment Fund Foundation (CIFF) funded programme.
The aim of EEIST is to use cutting edge advanced methods, which exist in the sciences of complexity and economics, to support government decision making around facilitating a rapid low-carbon transition. By engaging with policy-makers in large emerging economies, this project will contribute to the economic development of emerging nations and support sustainable development globally. The programme brings together world-leading expertise in complex systems modelling, economics and climate and environmental policy to better understand, and contribute to informing with rigorous science climate policy initiatives in China, Brazil, India, the UK and EU. This ambitious and innovative programme seeks to support governments in their missions to respond to the catastrophic impacts of climate change and inform transformative policy solutions.

The expected outcomes consist in new decision-making framework to analyse risk and opportunity during a dynamic low-carbon transition; new economic models co-created with emerging economy partners and governments to inform decisions on energy innovation and decarbonisation policies through a broader understanding and control of the transition than would otherwise be possible, new national and international Communities of Practice networks of experts exchanging information on respective science-policy interfaces and on policy windows of opportunity for more effective use of evidence in decision-making and enhanced capacity of experts in the largest emerging economies to use and further develop new economic approaches to informing energy innovation and transition policy.

Click here for the details of the model.