Die Förderung erneuerbarer Energien und der Emissionshandel sind wesentliche Elemente der europäischen und der nationalen Energie- und Klimapolitik. Einige Kritiker lehnen jedoch die gezielte Förderung erneuerbarer Energien ab, insbesondere mit dem Argument, sie sei im Zusammenhang mit dem...

The European Green Deal, the flagship initiative of the incumbent European Commission, aims to cut greenhouse gas (GHG) emissions to 55% by 2030 (from the current target of cutting 40% of 1990 levels) by overhauling fiscal, trading and regulatory regimes. Brussels is well-placed to deliver the...

This paper investigates whether European electricity market refirms have induced any changes infirm efficiency either through productive, allocative or dynamic efficiency improve- ments. In particular, this ex-post analysis looks closely at productivity e ects of changing industry structure,...

This paper presents an ex-post empirical analysis of the impact of European electricity mar- ket refirms on markups ofirms. The working hypothesis is that further economic integration would bring competition into electricity markets re ected by lower markups of electricityfirms. The results show...

EU energy policies have changed focus in the last few years with a view to substantially reducing energy import dependency and greenhouse gas emissions. The EU Commission has played a leading role in defining the new orientations. The implementation of the EU policy objectives approved by the...

The paper critiques current European energy policy. The key market failures are identified and the reasons for intervention set out. In addition to the traditional concerns with monopoly and market failures, the public goods aspects of diversity and security of supply, together with...

In this paper Resident Scholar Georg Zachmann analyses the recent developments in European energy policy and looks at the upcoming challenges in this area making a number of recommendations to the newly appointed Energy Commissioner. Zachmann notes that while liberalising energy markets and...

A drastic change in the way we produce and consume energy is necessary to contain the risk of global environmental catastrophe. For its part, the EU has set agreed to a greenhouse gas reduction target of 80-95 percent by 2050, compared to 1990. However, with the current fuel mix, even the most...