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European Climate Policy: Critical Aspects

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  • Simone Borghesi

Abstract

This study examines the European energy policy of the last few years, highlighting certain shortcomings in the European emission trading scheme (Ets) and the rate of transition towards renewable resources. As emerges from the analysis, despite the past difficulties experienced in achieving its targets in terms of emissions reduction and proportion of renewable resources, the European Union has set even more ambitious goals for the future. However, this policy of raising and postponing the target, together with some drawbacks in the Ets, may generate time consistency problems that can hamper Europe’s capacity to achieve its energy targets.

Suggested Citation

  • Simone Borghesi, 2011. "European Climate Policy: Critical Aspects," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 2, June.
    • Handle: RePEc:rar:journl:0214
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Climate change; Energy policy; European union; Emission trading system (Ets); Renewable energy sources; Time consistency;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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