This paper discusses the merits and limits of the recent European energy policy aimed at reducing carbon emissions, devoting particular attention to the European Trading System of carbon permits and to the measures that the European Union has adopted to promote renewable energy sources. From the...

The EU ETS with companion policies is more robust than relying solely on either regulatory or carbon-pricing interventions. Policies should be developed to account for the disparate impacts of the EU ETS across firms and regions. Acceptability of carbon pricing depends on how the carbon price is...

The brief emphasises the need to translate climate commitments into effective policies, focusing on carbon pricing mechanisms like emissions trading, carbon taxes, and crediting mechanisms led by public authorities. - Carbon pricing cooperation is essential for increasing climate ambition,...

Achieving climate neutrality by 2050 requires tailored approaches for each sector, with an in-depth assessment of the technical, political, and social feasibility of relying on an emissions trading system (ETS). - To ensure a cohesive decarbonisation strategy, interaction effects between the EU...