This webinar provides an overview of the Sustainable Development Simulator, a tool designed to assist policymakers in understanding the long-term impacts of policy decisions across multiple sectors. The session highlights how the simulator provides scenario-based insights into policy synergies and trade-offs.
This webinar covers:
Overview of the Simulator: The simulator is a System Dynamics model that simulates sustainable development at the national level, focusing on the interconnections between socioeconomic, environmental, and economic factors. It supports scenario analysis to project potential outcomes from various policy decisions.
Project Structure: A typical Millennium Institute project involves stakeholder consultations, data integration, and scenario analysis. The model utilizes real-world data to create tailored simulations for specific countries, enabling policymakers to assess sustainable development strategies in an integrated manner.
Case Study - Green Hydrogen Project (Brazil): The simulator assessed the impact of green hydrogen investments on Brazil’s energy transition, showing potential increases in renewable energy production and reductions in carbon emissions.
Model Calibration: To ensure accuracy, the simulator integrates both global and local data, allowing for context-specific simulations that reflect a country's unique conditions. This provides policymakers with reliable insights into how policies will affect various sectors.
Policy Synergies and Optimization: The simulator helps identify synergies between policies, enabling decision-makers to optimize sustainable development strategies by analyzing trade-offs and improving Sustainable Development Goals outcomes.
Q&A: Presenters addressed various questions regarding the simulator's functionality, data integration, and its application to other country-specific projects.
This webinar is an opportunity to learn how the Simulator supports evidence-based decision-making for sustainable development.