GreenREFORM-EUApplications / Analyses
25 February 2026 · DREAM
The GreenREFORM EU model
Final paper of the TSI 2024 project
A carbon tax with revenue recycling, scored twice: once with the energy technology model switched off, and once with it on. It is the final paper of the TSI 2024 project, and the first public experiment with GreenREFORM-EU.
What was scored
A uniform carbon tax, with the extra revenue returned to the economy. The same shock is run on the macroeconomic core alone and on the core plus the energy technology model. Emissions fall in both cases. Output, investment, employment and the public finances do not move in the same way once firms can switch fuel, electrify or take up capture.
The site copy calls that block the energy technology model. The paper itself still uses the older “abatement” wording.
Why it is here
It is the example a ministry team can point to when someone asks what “hard-linked” changes in a policy run. It is not a country study. It uses the Danish benchmark data set from Statistics Denmark, on version 1.0 of the model.
What it does not do
No monetary policy. Government is an accounting closure, not an optimiser. The experiment is not a forecast for Denmark, and it is not a Belgian, Finnish, Austrian or Italian calibration.
To reproduce a similar shock on your own calibration, start from the documentation. A user guide with worked runs will follow. The paper reports the experiment; it is not a run manual.
Record
| Policy question | Carbon tax, revenue recycled |
|---|---|
| Technology model | Compared on and off |
| Model version | 1.0 |
| Data | Danish benchmark (Statistics Denmark) |
| Authors | DREAM |
| Type | Final paper of the TSI 2024 project |
| Scope | Core model. Not a country calibration. |