For the project "Social Aspects of Market-Based Instruments for Greenhouse Gas Emission Reductions - SoMBI" Austria and Poland were chosen as case study countries to compare the impacts of an EU-wide carbon price combined with different revenue recycling policies. The detailed analysis will...

Not long ago, energy policy used to be neatly compartmentalized into individual industries. Transportation, power generation, heat production, and so on each had their own distinct material structure, rules, and behavior-governing norms and practices. With rising climate change concerns, energy...

The EU is revising its emissions trading system (ETS) and plans to impose a carbon border adjustment mechanism (CBAM) on imports. We evaluate the efficacy of the ETS retrospectively and its anti-competitive effects. We find that the ETS contributed to cut greenhouse gas (GHG) emissions in the EU...

The European Green Deal, which aims to steer the EU towards climate neutrality, has traditionally been met with a degree of reluctance by the Visegrád countries. The convergence to green targets represents a particular challenge for these economies, given their fossil fuel-intensive industrial...

The case for green industrial policy is strong and it is the obvious instrument to induce the structural transformation towards an emission-free economy. At the core of such a transformation lies the decarbonisation of the energy system. The industrial policy effort required to achieve the...

The goal of this policy note is twofold: first, to identify and propose how to address some of the key regulatory and implementation hurdles that Croatia and potentially other EU Member States are facing in greening their HD infrastructure while improving HD outcomes; and second, to compile best...

Climate change is the single most important existential threat of our times. Mounting average global temperature contributes to rising sea levels, more frequent extreme weather events, deteriorating biodiversity, and shifts in the sustainability of agriculture and aquaculture. The European Green...

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...

For the project "Social Aspects of Market-Based Instruments for Greenhouse Gas Emission Reductions - SoMBI" Austria and Poland were chosen as case study countries to compare the impacts of an EU-wide carbon price combined with different revenue recycling policies. The detailed analysis will...

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...

Purpose: The concept of the Green Deal is one of the important roadmaps adopted to build a more livable world against the climate crisis and make the current system cleaner and more sustainable. Businesses in the EU are subject to sustainability rules required by the Green Deal. Since Turkey is...

Public procurement amounts to around 14% of European Union GDP and, given this size, could well represent an important tool to foster the green transition. However, green public procurement continues to be underutilised in Europe, as several barriers to its application persist. A new EU...

The purpose of the research is to evaluate the socio-economic consequences of increasing the area of agricultural land under organic farming in Poland. Increasing the share of organic farms in agricultural land could lead to a reduced agricultural production, which would pose a threat to food...

Three quarters of the European Union’s greenhouse gas emissions stem from burning coal, oil and natural gas to produce energy services, including heating for buildings, transportation and operation of machinery. The transition to climate neutrality means these services must be provided without...

The European Emissions Trading System (EU ETS) constitutes a central European climate policy instrument. Since its start of operation in 2005, the carbon market has grown considerably in terms of trading volume and also with regard to the various players being active. This report is part of the...

Energy policies which promote a green transition are of particular interest to the European Commission and are one of the key elements of the European Green Deal. This article takes a close look at the interplay and tensions between two theoretically separated frameworks, renewable energy law...

The European Union Emissions Trading System has raised concerns about possible detrimental effects on firms production through an increase in polluting costs, unless firms change inputs or increase the efficiency in the way they produce. We provide evidence of the causal impact of this policy on...

The implementation of the new net emission targets for 2030 and 2050 as part of the European Green Deal is moving the deliberate removal of CO2 from the atmosphere up the agendas of political decision-makers. In its latest report, the Intergovernmental Panel on Climate Change (IPCC) also...

This paper examines the time-frequency spillovers and connectedness network between European ETS and the sustainability markets. Empirically, we rely on the Baruník and Křehlík (2018) Diebold and Yilmaz (2012) spillover index to measure the time-varying spillovers, directional spillover, net...

This paper proposes a spatial equilibrium problem for a pulp and paper supply chain in the combined framework of circular economy and environmental regulations. The developed closed-loop supply chain model accounts for the forest deployment and the production of paper using both virgin pulp and...

This paper studies the relationship between lobbying, free emission allowance allocation and firm outcomes in the European Union Emissions Trading System (ETS). I draw on administrative data from the EU Transpareny Register (TR) and the European Union Transaction Log (EUTL), and construct a...

This paper empirically investigates the effect of the European Emission Trading Scheme (EU ETS) on cross-country investments. To avoid carbon leakage, the scheme allocates a number of free allowances to firms at risk of relocating investments in areas outside the EU ETS. To study this problem,...

This paper empirically investigates the effect of the European Emission Trading Scheme (EU ETS) on cross-country investments. To avoid carbon leakage, the scheme allocates a number of free allowances to firms at risk of relocating investments in areas outside the EU ETS. To study this problem,...

The EU's Emission Trading Scheme (EU ETS) has been shown to have reduced emissions in the participating countries and industries since its adoption in 2005. However, there is less evidence on the shifting of production outside EU to avoid emission controls. We study this so-called carbon leakage...

Fiscal restraint looks inevitable in the Eurozone following the pandemic, especially if the fiscal rules are reinstated. How to match this with the need to finance the climate transition? Two possible routes are explored. One is the adoption of a ‘green golden rule’, with the structural...

To counteract the negative effects of environmental degradation and climate change, in the European Union, a set of measures and policies has been developed under the name of the Green Deal, which aims to develop a competitive and resource-efficient economy. For these measures to be sustainable,...

The increase of the concentration of greenhouse gases and global warming are the main problems that the European Commission is trying to solve by proposing the Green Deal, but the well-being of agri-food businesses is influenced, next to the ecologic factors, by the social and economic factors...

Against the background of the goals of the European Green Deal to reduce the use of pesticides by 50% and fertilizers by 20% by 2030, the current analysis aims to: (1) identify key economic, institutional, and legislative levers that can play an important role in the agricultural specialization...

Tackling climate change is one of the highest challenges which the world economy is currently facing. The European Green Deal, adopted in 2019, sets the European roadmap towards a net-zero greenhouse gas emissions economy. The food system is heavily responsible for greenhouse gas emissions and...

The European Green Deal proposes a series of measures to the EU Member States in order to adopt policies on how to use and produce green energy, support new clean technologies, and reduce noise, air and water pollution. The target referring to reducing emissions by at least 50% by 2030 has...

An environmental frontrunner in the Central and Eastern European regions since the late 1990s, Hungary followed a gradual but steady approximation progress to the EU environmental legislation. Previous research established an important role of the participation of economic and societal...