Only by decarbonizing its economy and reducing energy and raw-material dependencies can the EU safeguard its competitiveness in the global markets. Postponing policies to decarbonize the energy system will increase long-run welfare losses. Decarbonization offers great potential for improving...

Successful network utility privatisation requires incentive-based regulation that allows investment to be adequately rewarded form unsubsidised revenues while maintaining quality, and restructuring that permits effective competition for the network services. The potential for success and the...