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The European Emission Trading Scheme and Renewable Energy Policies: Credible Targets for Incredible Results?

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  • Borghesi, Simone

Abstract

This paper discusses the merits and limits of the recent European energy policy aimed at reducing carbon emissions, devoting particular attention to the European Trading System of carbon permits and to the measures that the European Union has adopted to promote renewable energy sources. From the comparison of past goals and present results, it is argued that more credible targets for carbon emission reductions and renewable shares would probably help the transition towards an alternative energy system and the necessary reduction of greenhouse gases.

Suggested Citation

  • Borghesi, Simone, 2010. "The European Emission Trading Scheme and Renewable Energy Policies: Credible Targets for Incredible Results?," Sustainable Development Papers 98099, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemdp:98099
    DOI: 10.22004/ag.econ.98099
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    File URL: https://ageconsearch.umn.edu/record/98099/files/NDL2010-141.pdf
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    Keywords

    Environmental Economics and Policy;

    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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