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Tag Archives: Energy & Climate

A value-added tax could reduce carbon leakage

The European Commission President-elect Ursula von der Leyen is pursuing ambitious environmental targets, notably to reach zero net emissions across the EU by 2050. This transition requires pricing emissions to incentivise producers to develop greener alternatives, while avoiding putting domestic producers at a disadvantage.Border Carbon AdjustmentBorder carbon adjustment (BCA) has been Ms. von der Leyen’s suggested remedy and deserves the attention of policymakers. Carbon leakage — the...

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Under swollen tides, Venice says more about our future than our past

While tides high enough to submerge Venice used to be rare, occurring every two to three decades, they have now become increasingly regular. Five of the ten highest tides in recorded history occurred over the last 20 years, with the most recent one having occurred just last year. Is this the new normal?Hundreds of millions have visited Venice to understand our history, but today it’s a monument to the decades ahead.As a Venetian, I feel devastated. Seeing St Mark’s Basilica flooded is like...

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How to make the European Green Deal work (Part Two)

Nicholas Barrett and Guntram Wolff discuss industrial policy and the social consequences of the green deal with Grégory Claeys and Simone Tagliapietra.Don’t worry if you missed part one because all of Bruegel’s pillars for a European Green Deal are created equal. This time, Nicholas Barrett and Guntram Wolff discuss industrial policy and the social consequences of the green deal with Grégory Claeys and Simone Tagliapietra. Read the paper in full.

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How to make the European Green Deal work (Part One)

What industrial policy for the European Green Deal?This event will be a workshop, aiming to look into the design and implementation process of the European Green Deal. Each session will be introduced by three short presentations aimed at launching the discussion among all workshop participants. Speakers: Jos Delbeke, Bertrand Déprez, Markus Hess, Laura Piovesan, Megan Richards, Simone Tagliapietra, Mary Veronica Tovšak Pleterski, Kurt Vandenberghe and Reinhilde Veugelers Topic: Energy &...

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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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Schaut in die Region!

Die deutsche Industriepolitik folgt bisher keiner klaren Strategie, sondern ist von Unternehmensinteressen getrieben. Das ist der falsche Weg.Bundeswirtschaftsminister Peter Altmaiers Idee, die Industriepolitik strategischer auszurichten, ist begrüßenswert. Denn vom Staat gesetzte Rahmenbedingungen bestimmen bereits heute die Richtung der Industrieentwicklung in Deutschland. Beispielsweise bevorzugt der Energiemarkt große energieintensive Unternehmen, während kleinere Unternehmen wie zum...

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The importance of economic diversification in the Middle East

Simone Tagliapietra's latest opinion on the Financial Times, on the role of Middle East as cornerstones of global energyThe recent attacks on Saudi Arabia’s oil facilities have highlighted the role of the world’s largest oil exporter and of the overall Middle East as cornerstones of global energy.They also underlined the persistent risk of volatility in oil prices and the importance of economic diversification in the region’s petrostates, which governments have been addressing but, so far,...

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Coming soon: a massive laboratory for ‘Green New Deals’

Green New Deals’ are not going to turn countries into ‘hermit nations’,but they are not going to turn countries into economic paradises either. They simply are tools to achieve something more basic: ensure that climate change does not compromise our life in this planet. And this already looks like a good reason for them to be well worth our time.This article was also published in MediumMany on the American right view the ‘Green New Deal’ as an unrealistic, Soviet-style, fantasy destined to...

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Questions to the First Executive Vice President-designate Timmermans

For the first time ever, a large economy will cut a path to climate neutrality by 2050 – a milestone that scientists consider to be the only sensible way to protect the world from the more dramatic impacts of climate change.Ursula von der Leyen adopted the European Green Deal as a top political priority for her incoming Commission, pledging to make it ‘Europe’s hallmark’.Should this experiment succeed, the European Green Deal might become a seminal blueprint for other economies around the...

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