IDEAS home Printed from https://ideas.repec.org/a/iem/journl/v5y2013i2id2822000008747059.html
   My bibliography  Save this article

The Low-Carbon Economy - EU Policy Approach

Author

Listed:
  • Cristian Moisoiu

Abstract

The process of transformation of the economy towards a low-carbon economy seems to be shaped as a certain solution for the world economy, with the scope to internalize the social cost of pollution. The European Union is set to become an energy efficient and low-carbon economy on a long run. These options have been identified as holding significant potential to increase the economic competitiveness. As for the present, implementing integrated energy and climate policies is the direction EU has engaged. The main policy instrument is to establish the carbon market. Although two phases of institutional enforcement have passed, EU-ETS is delaying to produce the expected results and the trust of companies and investors is shaken by the market crash, price volatility and contradictory energy policies. If the carbon market turns as an impediment of economic competitiveness of companies, not accomplishing the purpose to determine behavioral change, this would be the most exposed risk as regards the EU climate policies.

Suggested Citation

  • Cristian Moisoiu, 2013. "The Low-Carbon Economy - EU Policy Approach," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 5(2), June.
    • Handle: RePEc:iem:journl:v:5:y:2013:i:2:id:2822000008747059
    as

    Download full text from publisher

    File URL: http://iem.ro/rem/index.php/REM/article/view/113/100
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    low-carbon economy; carbon market; carbon price; climate policies; energy policies; sustainability;
    All these keywords.

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iem:journl:v:5:y:2013:i:2:id:2822000008747059. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ionela Baltatescu (email available below). General contact details of provider: https://edirc.repec.org/data/imacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.