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Summer School 2021


Due to COVID-19 forecasts, the School has been postponed, in the hope that we will be able to avoid offering only online courses. Accordingly, the new deadline for application is now: May 1st, 2021. The school will take place from September 26th to October 2nd in Castle Seggau, close to Graz, Styria, Austria.


Design and evaluation of instrument packages for carbon-neutral development pathways

In alignment with the Paris targets the EU has committed to carbon neutrality by mid-century. All member states are therefore required to propose and update their long-term strategies for 2050 accordingly. The summer school discusses the current state of economic modeling to support the design of the respective instruments and their timing, as well as the (in)effectiveness of policy packages in place. Issues addressed concern how to address multidimensional societal targets (e.g., as represented by the Sustainable Development Goals, SDGs), how to build upon the IPCC long term scenario framework in path design (SSPs and SPAs), how to incorporate uncertainties in social and technological innovation, how to account for preferences changing over time, how to design the sequencing of instrument packages over time, and how to account for interdependencies across instruments. Students will deepen their knowledge of their own core methodological experience, as well as get a better understanding of complementary methods, enabling them to better link up with other methodologies. The concept of the summer school reflects the notion that the analyses of long-term development in a complex technological and societal setting relies upon building and linking a range of conceptual approaches, methodologically building upon and advancing Integrated Assessment Modeling, General Equilibrium Theory, Scenario Analysis, Real Options Theory, and Econometric Approaches (as well as their respective link).


Scientific Coordinator: Herman Vollebergh, Tilburg University

Local Organizer: Karl Steininger, Uni Graz

Faculty (and respective tentative focus):

Partha Dasgupta, Cambridge University: Resource economics and multi-dimensional intertemporal evaluation

Antoine Dechezlepretre, London School of Economics & OECD: Evaluating policy instrument packages in a dynamic setting

Sabine Fuss, Mercator Research Institute Berlin: Instrument choice and Integrated Assessment

Cameron Hepburn, Oxford University: Design and timing of instruments in an international complex environment

Herman Vollebergh, Tilburg University: Transitions, environmental accounting and instrument design


The organizers gratefully acknowledge support from the School of Business, Economics and Social Sciences.

The Summer School is organized in cooperation with the Austrian Economic Association (NOeG).

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