**3. Results**

We shock the model in 2020 and run it up to 2030 for a baseline scenario (no new regulatory measures) and for a scenario with the proposed stricter EU energy efficiency regulations. The results that are presented hereafter correspond to variations of value added and employment with respect to the baseline scenario, in 2030. The results are very similar for the other years. While Section 3.1 focuses on the macroeconomic impact of the policies, Section 3.2 provides an overview of the environmental impact in terms of CO2-equivalent emissions.
