In 2015, the French Parliament passed a law that defines a strategy for energy transition after two years of open public debate. This legislative package outlines ambitious policy measures to reduce energy consumption and comprises an unprecedented effort to renovate homes and buildings. On the...

The distribution of electricity and its tariff has become a politically sensitive issue of the power sector. While political interventions in fixation of tariff have led to subsidization of electricity price, various reforms and restructuring tried to rationalize it. The reform and restructuring...

The paper aims at investigating the dependency of the Russian economy on natural resources, underlining the causes and the possible consequences of this growth strategy. The analysis tries to evaluate if the Russian manufacturing has contracted the "Dutch Disease", that is, if a boom in the oil...

This paper discusses the case for reforming the actual mechanism for charging water abstractions for hydropower production in Italy and proposes to introduce a performance-based environmental fee. This should be able, on the one hand, to internalize the environmental costs that hydropower...

One of the most visible innovations in the energy sector has been the development of unconventional gas extraction. At the same time, climate change appears to be one of the biggest societal challenges of this century. It is thus natural to wonder what is the relation between climate change and...

Recently, political and scientific debate is strongly focused on issues questioning the economic sustainability of environmental policies at regional level. Following European directives and protocols and in accordance with the principles of sustainable development, the interventions designed by...

This note addresses the issue of market and policy shocks in the transition to sustainability. Market Shocks may be driven by price volatility; policy shocks are likely to occur either given contingent conditions of policy feasibility - a concept that shifts over time - or in reaction to extreme...