Showing 1 - 9 of 9
With the European Green Deal, the European Union adopted ambitious climate targets and a wave of legislation to reach them. But implementation will be politically challenging, in particular because the Green Deal has not upgraded the EU's energy and climate governance framework. We propose five...
Persistent link: https://www.econbiz.de/10014369776
The different ways in which European Union member-state governments add levies to the price of electricity creates huge discrepancies in the prices paid by consumers. Europe's energy transition depends upon increasing electrification of the economy and increasing the share of that electricity...
Persistent link: https://www.econbiz.de/10014513694
The European Union plans a major increase in solar PV capacity from 263 GW today to almost 600 GW by 2030. If nothing changes, this expansion will be based almost exclusively on solar panels imported from China, which supplies over 95 percent of solar panels used in the EU. This dependence has...
Persistent link: https://www.econbiz.de/10014513810
In 2022, overall European Union industrial employment and output increased above 2021 levels, despite rocketing energy prices. However, output declined from energy-intensive industries including basic metals, chemicals, non-metallic minerals and paper, for which energy costs represent a much...
Persistent link: https://www.econbiz.de/10014316347
In March 2023, the European Commission published a legislative proposal for an EU response to the US Inflation Reduction Act: the Net Zero Industry Act (NZIA). It is an unconvincing policy proposal, both for what is in it and for what is not in it. The proposal has five problematic aspects....
Persistent link: https://www.econbiz.de/10014316378
The European Union has committed to eliminate all Russian fossil-fuel imports by 2027. Progress has been made, with sanctions on oil and coal already introduced. The glaring exception is natural gas, on which the EU has so far refrained from imposing limitations, owing to greater dependence on...
Persistent link: https://www.econbiz.de/10014316388
It will be impossible to contain the global temperature rise to 1.5 to 2 degrees Celsius above pre-industrial levels unless emerging market and developing economies (EMDEs) decarbonise much more rapidly. This policy brief examines the economic case for advanced-country financial support for...
Persistent link: https://www.econbiz.de/10015051496
By 2030, the European Union must reduce emissions from the heating and cooling of buildings - responsible for 13 percent of EU emissions - by the equivalent of the annual emissions of Slovakia. This requires a near tripling of the current decarbonisation rate. But the time gap between high...
Persistent link: https://www.econbiz.de/10015051514
Fostering investment in clean energy and transport systems is essential if the European Union is to achieve the 2030 climate goal of a 55 percent emissions reduction relative to 1990. However, getting to the required levels of investment during 2025-2030 is likely to be exceptionally difficult....
Persistent link: https://www.econbiz.de/10015406872