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Tag Archives: Energy & Climate

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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Navigieren auf Sicht ist für einen grünen Wiederaufschwung nicht genug

This opinion piece was originally published in NZZ. Die Coronavirus-Pandemie und die Massnahmen zu ihrer Bekämpfung haben zum grössten weltweiten Wirtschaftsabschwung seit dem Zweiten Weltkrieg geführt. Unternehmen, private Haushalte und der Staat navigieren in dieser Situation grosser Unsicherheit auf Sicht. So werden Entscheidungen in Unternehmen und Familien möglichst vertagt, bis man wieder klar sehen kann. […] Die Coronavirus-Pandemie und die Massnahmen zu ihrer Bekämpfung haben zum...

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COVID-19 is causing the collapse of oil markets: when will they recover?

This oil crisis will be solved only by a pick-up in global oil demand, once lockdowns are lifted and the economy is restarted. On 20 April 2020 the oil price made history. The US benchmark oil contract – known as West Texas Intermediate (WTI) – ended the day at minus $37/barrel, entering negative territory for the first time. So much oil was available, with so little demand for it from a global economy in lockdown, and barely any space left to store it, that producers and traders had to pay...

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Promoting product longevity

How can the EU product safety and compliance framework help promote product durability and tackle planned obsolescence, foster the production of more sustainable products, and achieve more transparent supply chains for consumers? Product longevity can play a useful role in achieving the Paris Agreement goals – material efficiency is an important contributor to energy efficiency and is also important in its own right. The product safety and compliance instruments available at European level...

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A green recovery

Government policy faces various challenges. Before the COVID-19 outbreak, the European Union set ambitious targets to reduce carbon emissions. Now in the midst of the pandemic, the EU has temporarily lifted state-aid rules allowing governments to steer companies through the crisis and to minimise job losses using public money. This column suggests combining these policies by attaching green conditions to state aid. In that way, we can aim for a green recovery. Governments have multiple goals...

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Covid-19 crisis: electricity demand as a real-time indicator

Comparing average weekday hourly electricity demand for the last few weeks to the year before, we visualise the moment when the current crisis began to have an impact on national economies and how large that impact was. Real-time data on the economic impact of the corona crisis is much sought after. One freely available and telling set of data is the one on electricity demand. By comparing average weekday hourly electricity demand for the last weeks to the year before, we can visualise the...

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A European carbon border tax: much pain, little gain

The European Commission should not make the implementation of a carbon border adjustment mechanism into a must-have element of its climate policy. There is little in the way of strong empirical evidence that would justify a carbon-adjustment measure. Moreover, significant logistical, legal and political challenges will arise during the design. The EU should instead focus upon the implementation of measures to trigger the development of a competitive low-carbon industry in Europe.The European...

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