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Tag Archives: Energy & Climate

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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Global Energy Fundamentals

Bruegel research fellow Simone Tagliapietra discusses his new book, Global Energy Fundamentals. As we move away from fossil fuels and toward clean energy solutions, the complexity of the global energy system has increased. With his new book published by Cambridge University Press, Global Energy Fundamentals, Simone Tagliapietra cuts through this complexity with a multidisciplinary perspective of the system, which encompasses economics, geopolitics, and basic technology. In this episode of...

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Redefining European Union green bonds: from greening projects to greening policies

European Union green bonds, as promised by European Commission president Ursula von der Leyen, might be better linked to the bloc's achievement of its climate goals, rather than project-by-project green criteria. In her first State of the Union speech (16 September), European Commission President Ursula von der Leyen set a target of raising through green bonds 30% of the up to €750 billion that will be borrowed under the Next Generation EU recovery fund. Such large-scale EU green bonds...

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Climate finance: an agenda for EU coordination with emerging markets

Addressing the challenge of financing the low-carbon transition will require substantial investment in the European Union and in emerging and developing economies. Sustainable finance frameworks have proliferated in advanced and emerging markets but fragmentation of financial flows due to different classification systems and standards for green financial instruments is a real risk. Ensuring consistency should be a core agenda for the new International Platform on Sustainable Finance....

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An appropriate European Union response to tensions in the Eastern Mediterranean

If the European Union can mediate effectively to resolve current Greek-Turkish tensions over energy in the Eastern Mediterranean, it could also provide an opportunity to tackle more deep-rooted problems. The European Union is seeking to mediate in a naval confrontation on its doorstep, in the Eastern Mediterranean, which involves NATO partners Greece and Turkey, as well as EU member Cyprus. EU foreign ministers are discussing the issue and, without de-escalation, sanctions against Turkey...

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Is the EU Council agreement aligned with the Green Deal ambitions?

On 21 July, EU leaders agreed on a €1.8 trillion package that should boost the recovery after the COVID-19 crisis, but also contribute to the advancement of key EU societal objectives, starting with the climate transition. In this blog post we assess the green ambitions of the package and evaluate its consistency with the European Green Deal. After 91 hours of negotiations, EU leaders agreed on 21 July on a €1.8 trillion package that will contribute to the EU’s economic reboot after the...

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The impact economy: balancing profit and impact

Governments and companies can reinforce each other in their pursuit of sustainable development, which is based on three pillars: economic, social and environmental. An impact economy, in which governments and companies balance profit and impact, is best placed to achieve the United Nations sustainable development goals. How can governments and companies be jointly empowered to have a positive impact on the sustainable development goals? The current economic system is largely geared towards...

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Political Assessment of Possible Reactions of EU Main Trading Partners to EU Border Carbon Measures

This briefing was prepared for the European Parliament’s Committee on International Trade (INTA). This briefing was prepared for the European Parliament’s Committee on International Trade (INTA), as one of four complementary briefings on carbon border adjustment mechanisms. All four briefings are available on the European Parliament’s online database, ‘ThinkTank‘. Copyright remains with the European Parliament at all times.  This briefing discusses the possible reactions of the European...

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Long-term transmission rights and dynamic efficiency

We compare market designs for access regulation of a bottleneck transmission line, and study their impact on investment decisions by an incumbent firm with an existing dirty technology and entrant with an uncertain future low-carbon technology. Highlights Long-term transmission rights (LT-TRs) affect investment incentives of generators. Without LT-TRs dominant firms invest too early to preempt entrants. With a secondary market for LT-TRs, dominant firms no longer invest too early. Both...

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Bruegel annual report 2019

The Bruegel annual report provides a broad overview of the organisation's work in the previous year. The annual report includes an overview of Bruegel’s research, governance and financial statements, and takes stock of Bruegel’s accomplishments and impact during 2019. Bruegel will continue to work to develop a proactive European strategy to deal with all the challenges ahead, providing free and open access to its research.

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