Environmentally extended input-output tables and models for Europe

Environmentally extended input-output (EEIO) tables and models have become a powerful element in supporting information-based environmental and economic policies. Briefly stated, monetary input-output (IO) tables give insight into the value of economic transactions between different sectors in an economy, including output for exports, capital formation and final government and private consumption. They allow for calculating the added value that each sector contributes to the final output of an economy. Such monetary IO tables can be 'extended' with environment-related information for each sector, such as its emissions, primary (natural) resource use, land use and other external effects per sector. These environmental externalities may be expressed in monetary terms as well. The same framework can be used to add other information, for example related to the third pillar of sustainability, regarding social aspects, such as the number and quality of jobs per sector. And, last but not least, such EEIO tables can be integrated in broader models, such as computable general equilibrium (CGE) models.