Renewables require support policies to deliver the European 20% target. We discuss the requirements for least cost development and efficient operation and quantify how different schemes: (i) allow for the development of a renewable energy technology portfolio; (ii) reduce rent transfers to...

This article provides a legal analysis of some of the key issues that arise in examining the system for allocating emissions allowances under the EU's emissions trading system directive (EU ETS). There is a strong series of arguments in support of the view that the free allocation of allowances...