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Implications of the 2030 EU Resource Efficiency Target on Sustainable Development

Author

Listed:
  • Lorenza Campagnolo

    (Fondazione Eni Enrico Mattei and Centro Euro-Mediterraneo sui Cambiamenti Climatici)

  • Fabio Eboli

    (Fondazione Eni Enrico Mattei and Centro Euro-Mediterraneo sui Cambiamenti Climatici)

Abstract

The paper explores the implications of achieving the EU27 Resource Efficiency target by 2030 for the future sustainability of the area. The target involves increasing by well over 30% within 2030 EU27 Resource Productivity, which would correspond to nearly double the annual growth rate of the pre-crisis period. The analysis uses a model-based index (FEEM Sustainability Index, FEEM SI) conceived to assess sustainability across time and countries. FEEM SI builds on the recursive-dynamic computable general equilibrium (CGE) model ICES-SI, which considers jointly variables belonging to the three sustainability dimensions (economy, society, and environment). The indicators produced in this framework are first normalized and then aggregated by using some elicited weights and a non-linear methodology. The 30% increase of EU27 Resource Efficiency by 2030 is achieved by applying an ad-valorem tax to the use of mining resources, and offsets the negative effects on the economy (slightly lower GDP and Investment rate) with considerable benefits for the environment. This implies a +1.02% increase in overall EU sustainability with respect to the reference “no policy” scenario.
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Suggested Citation

  • Lorenza Campagnolo & Fabio Eboli, 2015. "Implications of the 2030 EU Resource Efficiency Target on Sustainable Development," Working Papers 2015.36, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2015.36
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    References listed on IDEAS

    as
    1. Cruciani, Caterina & Giove, Silvio & Pinar, Mehmet & Sostero, Matteo, 2012. "Constructing the FEEM Sustainability Index: A Choquet-Integral Application," Climate Change and Sustainable Development 130550, Fondazione Eni Enrico Mattei (FEEM).
    2. Eboli, Fabio & Parrado, Ramiro & Roson, Roberto, 2010. "Climate-change feedback on economic growth: explorations with a dynamic general equilibrium model," Environment and Development Economics, Cambridge University Press, vol. 15(5), pages 515-533, October.
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    Keywords

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    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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