The MEMO model is available for anyone to use via the MEMO Toolbox web application. Lay users can assess the macroeconomic consequences of implementing climate-change mitigation policies in three countries: Chile, Greece, and Poland. Through a user-friendly interface, users can easily conduct simulations by providing input data (e.g. changes in taxes, investment plans) and analyse the results (e.g. on GDP, consumption, investment, taxes, export/import, employment) through built-in visualisation tools or export them to a spreadsheet.
The application can address questions such as:
- What effect would a carbon tax have on unemployment and wages in different sectors?
- How would a reduction in the PV installation costs affect energy prices, energy demand, and GDP?
- What effect would feed-in tariffs for PV have on industrial output (when combined with a bottom-up analysis)?
The models contained within the toolbox have been used in the past to assess the socioeconomic cost of decarbonising the Polish electricity-generation sector (→ more) and to help assess the consequences of carbon taxation in Chile on energy poverty (→ more).
MEMO Toolbox application: http://transrisk.ibs.org.pl
The MEMO models were developed by Marek Antosiewicz and Jan Witajewski-Baltvilks from IBS.