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Analysing the Interactions of Energy and climate policies in a broad Policy ‘optimality’ framework. The Italian case study

Author

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  • Davide Antonioli

    (University of Ferrara, Italy.)

  • Simone Borghesi

    (University of Siena, Italy.)

  • Alessio D'Amato

    (Università di Roma Tor Vergata, Italy.)

  • Marianna Gilli

    (University of Ferrara, Italy.)

  • Massimiliano Mazzanti

    (University of Ferrara, Italy.)

  • Francesco Nicolli

    (CERIS-CNR Milano, Italy.)

Abstract

The paper investigates the effectiveness and efficiency of energy-environmental policy interactions in Italy, adopting a broad optimality perspective that includes policy feasibility and dynamic efficiency. The analysis highlights that though some complementarity among different policies exists, climate policies have been often undermined by energy and renewables policy. Nevertheless, some complementarities between policy landscapes are found, as in the case of the Kyoto Fund (climate policy) and of the incentives and funding towards thermal energy, both acting as a complementary tool to cover non EU-ETS sectors. Overall, renewables oriented policies bring about efficacy but this often occurs at the expenses of their efficiency, thus generating a trade-off between these two components of optimality. Finally, incentives remuneration of renewables and also Energy efficiency investments give a mixed signal to improve innovation and to stimulate the green sector. In conclusion, notwithstanding efficacy is present in some case, cost effectiveness and efficiency are far from being optimal, and It would be better to provide a clear and durable price signal using carbon taxation tools.

Suggested Citation

  • Davide Antonioli & Simone Borghesi & Alessio D'Amato & Marianna Gilli & Massimiliano Mazzanti & Francesco Nicolli, 2014. "Analysing the Interactions of Energy and climate policies in a broad Policy ‘optimality’ framework. The Italian case study," SEEDS Working Papers 2514, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Aug 2014.
    • Handle: RePEc:srt:wpaper:2514
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    References listed on IDEAS

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    Cited by:

    1. Fabio Zagonari, 2018. "Coherence, Causality, and Effectiveness of the EU Environmental Policy System: Results of Complementary Statistical and Econometric Analyses," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(1), pages 1-29, May.
    2. Costantini, Valeria & Crespi, Francesco & Paglialunga, Elena & Sforna, Giorgia, 2020. "System transition and structural change processes in the energy efficiency of residential sector: Evidence from EU countries," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 309-329.
    3. Marc Dijk & Moshe Givoni & Karen Diederiks, 2018. "Piling up or Packaging Policies? An Ex-Post Analysis of Modal Shift in Four Cities," Energies, MDPI, vol. 11(6), pages 1-20, May.
    4. Karoline S. Rogge & Elisabeth Dütschke, 2017. "Exploring Perceptions of the Credibility of Policy Mixes: The Case of German Manufacturers of Renewable Power Generation Technologies," SPRU Working Paper Series 2017-23, SPRU - Science Policy Research Unit, University of Sussex Business School.
    5. Ji, Yuhang & Lei, Yalin & Li, Li & Zhang, An & Wu, Sanmang & Li, Qun, 2021. "Evaluation of the implementation effects and the influencing factors of resource tax in China," Resources Policy, Elsevier, vol. 72(C).
    6. Marco Quatrosi, 2017. "EU ETS revenues and member states investment strategies," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2017(3), pages 41-57.

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