NEMESIS (New Econometric Model for Environmental and Sustainable development and Implementation Strategies) is a macrosectoral econometric model built to aid decision-making in the fields of energy, environment and economic policy.
NEMESIS has been built for two main purposes:
the production of short-term and medium-term forecasts
the analysis of economic policy issues, especially in the fields of environment and R&D
The project, co-financed by the European Commission, has been developed by a European consortium including, besides the Federal Planning Bureau, l’Ecole Centrale de Paris (ERASME, France), the Institute of Computer and Communication Systems (NTUA - University of Athens) and the Chamber of Commerce of Paris (CCIP - France).
NEMESIS is a large econometric model incorporating about 70 000 equations, 8 000 of which are estimated. Currently, NEMESIS covers the whole of Europe and Norway (the US and Japan are being integrated). The rest of the world, divided into ten different geographical areas, is assumed to be exogenous.
The model describes 30 production sectors and 27 consumption functions. The data series are from databases provided by EUROSTAT, OECD and IEA and also from national sources.