Climate Change and Environmental Policies in the European Electricity Sector

41 Pages Posted: 14 Dec 2016

See all articles by Giulio Federico

Giulio Federico

Chief Economist Team, DG Competition, European Commission

Date Written: June 30, 2011

Abstract

One of the greatest challenges faced by the European electricity sector at present, and the foreseeable future, is the need to meet stringent environmental objectives designed to mitigate the risk of costly climate change. This article surveys the main elements of the economics of climate change, with specific attention on the European power sector. It also reviews current and announced European environmental policies in the electricity sector. In order to meet environmental objectives in the most-cost efficient way, this article suggests that greater emphasis should be placed on the carbon pricing and trading and on the technology neutral promotion of low-carbon sources of power, and less on separate renewable electricity targets.

Suggested Citation

Federico, Giulio, Climate Change and Environmental Policies in the European Electricity Sector (June 30, 2011). Available at SSRN: https://ssrn.com/abstract=2883841 or http://dx.doi.org/10.2139/ssrn.2883841

Giulio Federico (Contact Author)

Chief Economist Team, DG Competition, European Commission ( email )

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