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LESSONS LEARNED ON GREEN STIMULUS: CASE STUDIES FROM THE GLOBAL FINANCIAL CRISIS
The paper evaluates the 2008–09 green stimulus, finding that while it supported GDP and job creation in economies like the US, China, South Korea, and the EU, it failed to create a long-term low-carbon trajectory due to a lack of structural reforms and the persistence of fossil fuel subsidies.
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Document type: Research paper
Re-assessment of CO₂ and SO₂ emissions in energy sector by using LEAP-model: experiences from Estonian energy sector planning
This policy brief evaluates the use of the Long-range Energy Alternatives Planning (LEAP) model in Estonian energy planning. A 2012 re-assessment found that actual CO₂ and SO₂ emissions between 2000 and 2006 were slightly higher than 2009 model projections, primarily due to revised statistical methodologies and unexpected increases in electricity exports. The study highlights that while LEAP is effective for supply predictions, it is less accurate for demand forecasts due to the influence of unpredictable political and economic decisions. The authors argue for the necessity of periodic ex post re-assessments of modelling results to improve policy planning and reduce future uncertainties.
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Document type: Policy brief