MEDiterranean PROspects

The E3M-Lab is a research laboratory operating, since 1988, within the ICCS/NTUA. E3M-Lab specializes in the field of energy systems analysis, economics, macroeconomics and environmental economics by using and developing large-scale mathematical models based on advanced techniques of applied econometrics, operations research and computer-based information systems. E3M-Lab maintains data, prepares forecasts and scenario analyses for the energy systems and markets of thirty five (35) European countries. Since 1988, the E3M-Lab has developed scenarios and forecasts included in the series of publications of European Commission’s former DG TREN “Energy Outlook for the EU” (the most recent publication is DG TREN “Trends to 2030”, published in 2004). The two main energy models developed and maintained for all EU member-states are MIDAS (econometric-engineering model used for the medium-term), PRIMES (energy market equilibrium engineering-economic model). For the MEDPRO project, ICCS will use and apply the GEM-E3 general equilibrium model (http://www.gem-e3.net/) and in particular, the model version already developed for the integrated FP6 research project CIRCE (http://www.circeproject.eu/) studying the impacts of climate change on the Mediterranean economic and ecological system.