3FOOD

Third Industrial Revolution Consulting Group
assessment of future trends. As it was implemented for this analysis, the model maps the
changed spending and investment patterns based on the Third Industrial Revolution Innovation
Scenario for the Master Plan over the period 2017 through 2050. It then compares that
changed spending pattern to the employment and value-added impacts assumed within the
standard reference case. Figure 4, immediately below, provides a diagrammatic view of the
DEEPER Modeling System as it was reflected within the dynamics of the Luxembourg economy.
Figure 4. The DEEPER Modeling System
Although DEEPER includes a representation of both energy consumption and production as well
energy-related carbon dioxide (CO 2 ) emissions, the analysis for Luxembourg focused on the
changes in larger resource productivity as well as improvements in infrastructure, information
and communication technologies, and especially greater circularity within the economy of the
Grand Duchy of Luxembourg. These prospective changes in infrastructure and technologies are
characterized elsewhere in the Strategy Study. The economic assessment described here is a
high level summary of these changes. 396 The model outcomes are driven by the demands for
energy services, economic goods and alternative investment patterns as they are shaped by
changes in policies and prices. As noted in the previous section, the model built on an assumed
reference case over the period 2015 through 2050 as reflected in a variety of data published by
the Institut national de la statistique et des études économiques (STATEC), the European
Commission, the Organization of Economic Cooperation and Development, and the
International Energy Agency, among other organizations and universities.
396 See, for example, both the assumptions and scenarios described in the section on Energy that follows this
Exploration of the Economic Benefits. Of particular note is the data found in Table 2 in the Energy section which
informs the set of changes referenced in Table 6 of this section. While Table 6 highlights total energy consumption
for the respective scenarios, Table 2 in the Energy Section highlights each of the building, industry, and
transportation subtotals which are reflected here.
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