TWINRD

TWINRD – Macroeconomic modeling of R&D for the Twin Transition is an EU-funded project that supports the shaping of eco-digital futures by enhancing the evaluation of Research & Innovation policies around the intertwined progress of green and digital transformations. Despite the recognized importance of integrating green and digital transitions, there has been a lack of comprehensive macroeconomic models to represent this integration. Existing models like GEM-E3, ICES, GEMINI-E3, NEMESIS, and E3ME have limitations in representing key green technologies and their economic impacts.

Transforming Research & Innovation for Ecodigital Futures

TWINRD reforms and enhances the European R&I system, focusing on translating research and innovation results into tangible economic benefits. TWINRD supports the Twin (digital & green) Transition’s objectives, boosting the resilience and competitiveness of European economies and societies. TWINRD advances scientific understanding and provides practical tools to empower policymakers and industry leaders in driving sustainable and inclusive growth.

Results

TWINRD will address the modeling gap by integrating the Twin Transition in macroeconomic modeling through six main actions.

Develop a new macroeconomic model that integrates Research & Innovation (R&I) with sustainable and equitable growth.
Produce technology flow matrices and R&D data by fostering interdisciplinary research and innovative modeling of R&I policies in Europe.
Update existing macroeconomic models by enhancing models for evaluating R&I policies at different levels of intervention.
Provide model-based analyses for policy support by creating a model that simulates the economy, including the R&I dimension, linking R&I to sustainable growth.
Open data and models to the scientific community by ensuring accessibility to modeling ideas and data for the European scientific community.
Engage with stakeholders and policymakers by informing policymaking with robust, accessible evidence.

ISINNOVA’s Role

ISINNOVA is in charge of maximising the impact of the project via the pursuit of three specific objectives:

Providing general visibility to the project and facilitating dissemination of outputs to potential users;
Developing a Communication, Dissemination, and Exploitation (CDE) plan and an engagement strategy for involving policy, science, business, and social stakeholders in a two-way communication activity aimed to increase the mutual understanding of twin transition drivers, modeling assumptions, and simulation outcomes’ usefulness for R&I policy assessment;
Promoting the engagement of researchers and modeling teams in a TWINRD community of practice.