SubsidieMeestersClimate-related Beliefs and Low-Carbon Transition Dynamics
The BELIEFS project aims to develop a dynamic model to analyze firms' expectations and their impact on investment decisions, facilitating effective policies for a smooth transition to a net-zero society.
Projectdetails
Introduction
The transition to a low-carbon society, as mandated by the Paris Agreement and recent net-zero targets, requires a significant expansion and reallocation of physical investments. Investment choices crucially depend on firms' expectations and beliefs.
Knowledge Gaps
However, profound knowledge gaps exist regarding transition-related expectations:
- Current modelling frameworks lack the capability to fully assess their impact on transition dynamics.
- Empirical evidence on their distribution is scarce.
- There is limited comprehension of their evolution drivers and how to align them effectively with climate targets.
Misalignment of expectations can lead to failed or disorderly decarbonisation pathways.
Project Overview
The BELIEFS project will lay the foundations of a novel analytical framework capable of shedding light on the complex interaction between firms' beliefs, investment decision-making, and climate policy strategies, so as to identify credible paths to a net-zero society.
Methodological Breakthrough
The project will deliver a methodological breakthrough by developing a dynamic transition model with a realistic representation of expectations as heterogeneous, evolving, and interdependent. The design and calibration of the model will be informed by extensive data collection efforts, including original surveys and experiments.
Data Collection
A large-scale survey of firms will produce the first comprehensive empirical assessment of transition-related expectations and their impact on economic decisions.
Expected Outcomes
The results of the project will be pivotal in identifying effective policy and institutional strategies to ensure alignment of beliefs, thereby enabling a swift and orderly decarbonisation process.
Long-term Goals
Over the course of five years, BELIEFS aims to offer pioneering interdisciplinary contributions to advance our understanding of the macro-behavioural dimensions of low-carbon transitions, integrating elements from:
- Climate economics
- Transition theory
- Behavioural sciences
- Political economy
Financiële details & Tijdlijn
Financiële details
| Subsidiebedrag | € 1.999.391 |
| Totale projectbegroting | € 1.999.391 |
Tijdlijn
| Startdatum | 1-9-2025 |
| Einddatum | 31-8-2030 |
| Subsidiejaar | 2025 |
Partners & Locaties
Projectpartners
- ALMA MATER STUDIORUM - UNIVERSITA DI BOLOGNApenvoerder
- FONDAZIONE CENTRO EURO-MEDITERRANEOSUI CAMBIAMENTI CLIMATICI
Land(en)
Vergelijkbare projecten binnen European Research Council
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|---|---|---|---|---|
Great Expectations: Macroeconomic Implications of Forecasting BehaviorThis project aims to enhance understanding of expectation formation's economic impact through empirical research and a new theoretical framework, guiding policy decisions and communication strategies. | ERC Consolid... | € 1.532.955 | 2023 | Details |
Fostering social tipping dynamics to Accelerate Sustainability TransitionsThe FAST project aims to model and explain social tipping dynamics in energy transitions using a novel combination of agent-based and diffusion modeling to enhance sustainability efforts. | ERC Consolid... | € 1.999.995 | 2022 | Details |
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Great Expectations: Macroeconomic Implications of Forecasting Behavior
This project aims to enhance understanding of expectation formation's economic impact through empirical research and a new theoretical framework, guiding policy decisions and communication strategies.
Fostering social tipping dynamics to Accelerate Sustainability Transitions
The FAST project aims to model and explain social tipping dynamics in energy transitions using a novel combination of agent-based and diffusion modeling to enhance sustainability efforts.
From Niches to Norms: Drivers and Diffusion of Green Social Tipping
GREEN TIPPING aims to analyze and validate tailored interventions that can shift societal norms towards sustainable behaviors, facilitating a transition to net-zero emissions.
Redirect Innovation to foster Positive tipping Points and prevent Lock-ins in the clean Energy transition.
The RIPPLE project aims to develop a quantitative framework that identifies and leverages positive tipping points for a swift transition to a green economy through innovative modeling and policy interventions.
Climate Policy vs Economic Growth: Opinions, Models, and Novel Strategies
This project analyzes how growth concerns influence support for climate policies among stakeholders and develops models to identify strategies that enhance policy acceptance through agrowth approaches.
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The project aims to accelerate the clean energy transition by developing scalable financing solutions for large-scale renewable investments, targeting net-zero emissions by 2031.
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This project aims to create a comprehensive repository and platform for climate stress-test scenarios, enhancing accessibility, harmonization, and integration of sustainability themes in financial assessments.
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LIFE BE FREE aims to accelerate energy efficiency investments in Belgium by establishing a multilateral roundtable to identify and address financing challenges through innovative solutions and stakeholder collaboration.
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