EMMA: An energy and environmental satellite model for the Danish macroeconometric model ADAM

A central concern of Danish energy and environmental policy is the fulfilme nt of international obligations to limit emissions of CO2, SO2 and NOx. The model presented aims at giving a frame of reference within which energy an d environmental issues may be analysed in line with - and consistent with - macroeconomic analyses. The paper presents the theoretical and empirical f oundations of the model as well as the results of applying it to calculatin g the impacts on emissions and the economy of a CO2-tax.