Case Study: Research Policy Interface Thematic Group
What Climate Change Means for Ireland’s Public Finances
Irish Fiscal Advisory Council
Academics and Institutional Affiliation:
Sustainability Institute, MaREI, University College Cork
Evidence of policy outcome referencing the role of the research:
Yes, page 16, 17, 28, 29, 30, 31, 33 of the policy document
Research undertaken that informed or underpinned the policy outcome:
Section 4.1 The fiscal impacts of the climate change transition.
To model the transitional risks to the public finances, the report used projections from the TIMES-Ireland Model. This model has been developed by the MaREI Energy Policy and Modelling Group at University College Cork (UCC) since 2010 and were also used to inform Ireland’s 2022 carbon budgets (Balyk, et al. 2022).
In this particular document, TIM contributed to the projected CO2 emissions by sector form the "whole system, carbon budget - tech optimism" scenario. TIM also provided a baseline for transport electrification scenarios. UCC MaREI's financial sector modelling was used as a baseline scenario for building energy rating or cost optimal equivalent cost of retrofitting. UCC's models were also used as a bassline scenario for the cost to reduce industry emissions.
Key learnings for you from this research-policy bridging process:
Research supports and can drive the implementation of policy
SDGs impacted:
SDG 7 & SDG 13
