In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence....

This paper provides an economic valuation of RES-E promoted by the Spanish feed-in system. First, supported RES-E is evaluated in terms of CO2 emissions avoided when they are introduced in the Spanish electricity market instead of other potential polluting energy sources. And secondly, these...

This study examines the European energy policy of the last few years, highlighting certain shortcomings in the European emission trading scheme (Ets) and the rate of transition towards renewable resources. As emerges from the analysis, despite the past difficulties experienced in achieving its...

Environmental policy instruments allow incorporating the problem of using the natural resources into the decision-making process of individual agents. One of the most efficient instruments for environmental protection are economic instruments, the indirect methods of influencing agents’...