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The European Union challenge: integration of energy, climate, and economic policy

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  • Peter Lund

Abstract

The European Union (EU), the largest economy in the world, has binding sustainable energy and climate goals for the year 2020. The EU has recently presented a vision of a low‐carbon Europe in 2050, which requires the cutting of carbon emissions by over 80%. This will necessitate increased technology development and market deployment efforts in energy efficiency, renewable energy, and clean energy. In addition, such plans need to pay attention to the uneven financial capabilities of the 27 EU member states to undertake such ambitious climate measures. To reach acceptable levels of carbon emissions on a global scale, compensating for economic asymmetries worldwide may require a considerably higher input from Europe as well. The co‐benefits of a proactive European climate policy may be considerable, in particular for economic growth. Achieving these benefits will require greater integration of energy and climate and economic policy, which could form the basis of a green economy in Europe. This article is categorized under: Energy and Climate > Economics and Policy Energy Policy and Planning > Economics and Policy

Suggested Citation

  • Peter Lund, 2012. "The European Union challenge: integration of energy, climate, and economic policy," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 1(1), pages 60-68, July.
    • Handle: RePEc:bla:wireae:v:1:y:2012:i:1:p:60-68
    DOI: 10.1002/wene.37
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    References listed on IDEAS

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    1. R. K. Pachauri, 2012. "The way forward in climate change mitigation," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 1(1), pages 3-8, July.
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    3. Delucchi, Mark A. & Jacobson, Mark Z., 2011. "Providing all global energy with wind, water, and solar power, Part II: Reliability, system and transmission costs, and policies," Energy Policy, Elsevier, vol. 39(3), pages 1170-1190, March.
    4. Abrams Burton A., 2011. "What's an $800 Billion Stimulus Worth?," The Economists' Voice, De Gruyter, vol. 8(3), pages 1-3, September.
    5. Andris Piebalgs, 2006. "Green paper: A European strategy for sustainable, competitive and secure energy," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(02), pages 8-20, July.
    6. Lund, P.D., 2007. "The link between political decision-making and energy options: Assessing future role of renewable energy and energy efficiency in Finland," Energy, Elsevier, vol. 32(12), pages 2271-2281.
    7. Jacobson, Mark Z. & Delucchi, Mark A., 2011. "Providing all global energy with wind, water, and solar power, Part I: Technologies, energy resources, quantities and areas of infrastructure, and materials," Energy Policy, Elsevier, vol. 39(3), pages 1154-1169, March.
    8. Lund, P.D., 2011. "Boosting new renewable technologies towards grid parity – Economic and policy aspects," Renewable Energy, Elsevier, vol. 36(11), pages 2776-2784.
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    Cited by:

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    2. Sergey Paltsev, 2017. "Energy scenarios: the value and limits of scenario analysis," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 6(4), July.
    3. Sergey Paltsev, 2016. "Energy Scenarios: The Value and Limits of Scenario Analysis," EcoMod2016 9371, EcoMod.

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