2,555 research outputs found
Energy Transition and Climate Policy:Between Market Formation and Overregulation
Get PDFThis inaugural lecture by professor Edwin Woerdman, pronounced on 26 March 2019 at the University of Groningen in the Netherlands, contains various hypotheses. A national CO2 tax on top of the European emissions trading system will result in society paying more for emission reductions that could have been achieved more cheaply. Moreover, artificially raising the CO2 price ignores the rapidly falling costs of CO2-free energy technology. Finally, the desire of entrepreneurs for innovation profits based on such technology will play a greater role in the energy transition than the CO2 price
The EU Greenhouse Gas Emissions Trading Scheme
No full textThis chapter explains how greenhouse gas emissions trading works, provides the essentials of the Directive on the European Union Emissions Trading Scheme (EU ETS) and summarizes the main implementation problems of the EU ETS. In addition, a law and economics approach is used to discuss the dilemmas and trade-offs when solving those problems
EU Emissions Trading System
No full textThis chapter explores the European Union Emissions Trading System (EU ETS) for greenhouse gases. The EU ETS is described and analyzed from a cost-effectiveness and solidarity point of view. It is concluded that the EU ETS is a quite successful but also complex and sub-optimal instrument of climate law with some inefficient design elements
Energietransitie en klimaatbeleid: tussen marktwerking en overregulering
No full textThis inaugural lecture by professor Edwin Woerdman, pronounced on 26 March 2019 at the University of Groningen in the Netherlands, contains various hypotheses. A national CO2 tax on top of the European emissions trading system will result in society paying more for emission reductions that could have been achieved more cheaply. Moreover, artificially raising the CO2 price ignores the rapidly falling costs of CO2-free energy technology. Finally, the desire of entrepreneurs for innovation profits based on such technology will play a greater role in the energy transition than the CO2 price
The Carbon Price Paradox
Get PDFShould the carbon price be high to stimulate climate-friendly technologies or should it be low to realize inexpensive emission reductions? This ‘carbon price paradox’ is unraveled for the EU on the basis of legal, economic and political arguments. Legally, the primary aim of the EU ETS Directive is to promote cost-effective emission reductions. Economically, the rate of emission reduction in the EU ETS and to an increasing extent also its indirect impact on technological innovation are not so much determined by the level of the allowance price, but rather by the rate at which the emission ceiling falls. Politically, a lower carbon price creates room to lower the emission ceiling more quickly. In sum, society should welcome a low carbon price
The Past and Possible Future of EU Climate Law
No full textThis chapter links the findings of all book chapters and provides some food for thought about the next steps that the EU may or perhaps even should take to further improve climate mitigation law. It reflects upon the general lessons that can be learned from the development of EU climate law, with specific lessons for cost-effectiveness and solidarity. Insights into the broader picture of EU climate regulation are also provided by addressing overarching issues in relation to energy network regulation, multi-level governance and human rights
Purpose, Approach and Outline of the Book
No full textThis chapter outlines the purpose, approach and outline of the book 'Essential EU Climate Law' (Edward Elgar Publishing, 2015)
Energy Transition and Climate Policy:Between Market Formation and Overregulation
Get PDFThis inaugural lecture by professor Edwin Woerdman, pronounced on 26 March 2019 at the University of Groningen in the Netherlands, contains various hypotheses. A national CO2 tax on top of the European emissions trading system will result in society paying more for emission reductions that could have been achieved more cheaply. Moreover, artificially raising the CO2 price ignores the rapidly falling costs of CO2-free energy technology. Finally, the desire of entrepreneurs for innovation profits based on such technology will play a greater role in the energy transition than the CO2 price
The Past and Possible Future of EU Climate Law
No full textThis chapter provides some food for thought about the next steps the EU may or should take to further improve climate mitigation law
The EU Greenhouse Gas Emissions Trading Scheme
No full textThis chapter explains how greenhouse gas emissions trading works, provides the essentials of the Directive on the European Union Emissions Trading Scheme (EU ETS) and summarizes the main implementation problems of the EU ETS. In addition, a law and economics approach is used to discuss the dilemmas and trade-offs when solving those problems
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