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Tag Archives: Climate strategy

The European climate law needs a strong just transition fund

To deliver on the goals of the European climate law, the European Union needs finally to get coal out of its energy mix: the EU should quicken the pace of decarbonisation whilst delivering on its goal of social inclusion. The European Parliament will vote this week (7 October) on the Commission’s proposal for a European climate law, which would make binding a goal for the European Union of climate neutrality by 2050 and an intermediate emissions reduction target of at least 55% by 2030,...

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Demystifying carbon border adjustment for Europe’s green deal

From carbon leakage to “green protectionism”, the European Green Deal envisioned by the incoming Commission has many critics. But some adjustments to the deal could make domestic manufacturers more carbon efficient while simultaneously encouraging foreign producers to become more environmentally friendly.European Commission President-Elect Ursula von der Leyen has made a strong plea to accelerate Europe’s transition to a “green” economy with the goal of achieving ambitious targets of...

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How long is the head table?

International cooperation often depends on how many nations take part in negotiations. But what is the optimal number of actors for effective collective action and should EU nations states negotiate as many or as one? It is well known that the effectiveness of collective action depends negatively on the number of participants. For this reason, Olson (1965) considers group size as a key variable to monitor when analysing impediments to collective action. Sandler (2005) regards the difficulty...

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The EU needs a bold climate strategy

Scientists report that global temperature increases must be limited to below 1.5 degrees Celsius. With global greenhouse gas emissions continuing to increase and rising temperatures driving up the frequency of extreme weather events, the world needs a greater commitment to climate policy. In order to avert catastrophic climate change for the entire human population, global temperature increases must be limited to below 1.5 degrees Celsius. Scientists have shown that achieving net-zero...

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EU urgently needs to reverse its climate neutrality failure

Immediate action is necessary to ensure the EU can become carbon-neutral by 2050 and thus limit global warming. The rapid rise in support of this target in the last month suggests it is attainable, but the momentum must not be lost. European leaders failed this month to adopt a target to make the bloc climate-neutral by 2050, due to opposition from the Czech Republic, Estonia, Hungary and Poland. The target, which implied that by 2050 Europe would have to absorb as much greenhouse gas as...

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A strategic agenda for the new EU leadership

Memo to the presidents of the European Commission, Council and Parliament. 'A strategic agenda for the new EU leadership' by Maria Demertzis, André Sapir and Guntram Wolff is the first of our 2019 Bruegel memos to the new presidents of the European Commission, Council and Parliament. Focusing on the most important economic questions at EU level, these Bruegel memos are intended to be a strategic to-do list, outlining the state of affairs that will greet the new Commission. The next...

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The Economists’ Statement on Carbon Dividends and the Green New Deal

In the last month two prominent policy proposals that aim to combat climate change have been presented in the United States. The Green New Deal calls for the deployment of substantial government resources to combat climate change. The Economists’ Statement on Carbon Dividends, suggests a market-based and budget-neutral approach through a carbon tax. Michael Baltensperger reviews reactions to both. On 6 February, Democratic members of the US Congress put forward a House Resolution that...

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Greening monetary policy: An alternative to the ECB’s market-neutral approach

The ECB’s market-neutral approach to monetary policy undermines the general aim of the EU to achieve a low-carbon economy. An alternative tilting approach would foster low-carbon production, accelerating the transition of the EU to a low-carbon economy, and could be implemented without undue interference with the chief aim of price stability. By: Dirk Schoenmaker Date: February 21, 2019 Topic: European Macroeconomics & Governance...

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Deep Focus: A greener monetary policy approach for the ECB

Bruegel fellow Dirk Schoenmaker walks Sean Gibson and 'The Sound of Economics' listeners through his latest working paper, focusing on how to make monetary policy in Europe more climate-friendly By: The Sound of Economics Date: February 21, 2019 Topic: European Macroeconomics & Governance In this episode of the Deep Focus podcast series, Bruegel’s Dirk Schoenmaker explains his proposed greener alternative to the ECB’s...

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A new strategy for EU-Turkey energy cooperation

Cooperation over energy and climate issues could be one of the components of the EU-Turkey Positive Agenda. Simone Tagliapietra proposes a new strategy for EU-Turkey energy cooperation, which envisions a shift of focus from gas and electricity to fields such as renewables and nuclear energy. Energy cooperation could be one of the few components of the EU-Turkey Positive Agenda, as strong mutual interests encourage cooperation even during politically difficult times. However, the...

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