E3-US is an innovative new tool that allows policy makers to assess policy impacts at the state level, reflecting the diversity across the US.
The model follows the approach used in the global E3ME model and brings the same key advantages over many other existing tools:
- a high level of disaggregation of sectors and household groups, with over 70 sectors defined in each state
- an econometric specification that gives the model a strong empirical grounding and allows for both short and long-term assessment
- integrated treatment of the energy system, including a bottom-up representation of the power sector
Key economic and social outputs from the model include GDP, employment and unemployment. The model results also include energy consumption and greenhouse gas emissions.
E3-US addresses questions relating to:
- fiscal policy and redistribution across states, including carbon taxes and other environmental fiscal reform
- elements of a potential Green New Deal
- the direct and indirect effects of social expenditures and other government programmes
- the impacts of new energy regulation, including efficiency measures feed-in-tariffs and support for new technologies