2010
DOI: 10.1787/5kmd782tz0s5-en
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European Energy Policy and the Transition to a Low–Carbon Economy

Abstract: JT03285111European energy policy faces a number of interrelated challenges, including making the transition to a low-carbon economy, increasing cross-border competition in electricity and gas markets and diversifying Europe's energy supply. The EU has developed a comprehensive strategy in all of these areas, encapsulated in 2020 targets for reducing greenhouse gas emissions, raising renewable energy and increasing energy efficiency. These targets are underpinned by an Emissions Trading Scheme, legally binding … Show more

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Cited by 5 publications
(1 citation statement)
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“…There is evidence that the ETS was effective in inducing energy efficiency increasing technological change in the period 2007 to 2010 (Petrick and Wagner, 2014). In the past, in part due to the economic recession, the supply of allowances was excessive leading to very low carbon prices (Lawson, 2010;Radziwill, 2012). However, in early 2014 the emissions allowance price had increased significantly due to the EU back-loading initiative to delay the auctioning of additional permits.…”
mentioning
confidence: 99%
“…There is evidence that the ETS was effective in inducing energy efficiency increasing technological change in the period 2007 to 2010 (Petrick and Wagner, 2014). In the past, in part due to the economic recession, the supply of allowances was excessive leading to very low carbon prices (Lawson, 2010;Radziwill, 2012). However, in early 2014 the emissions allowance price had increased significantly due to the EU back-loading initiative to delay the auctioning of additional permits.…”
mentioning
confidence: 99%