The electricity sector is one of the largest carbon emitters in Europe. To control these emissions, economic instruments such as emissions trading, taxes and various voluntary agreements are increasingly being considered. However, electricity systems in Europe are diverse between different countries, appropriate policies may differ widely, and similar instruments may have different effects in different countries. This study aims first to define the various economic policy instruments being used or considered in the electricity sector, including the point of application and protection measures such as border adjustments. Secondly, it describes the main characteristics of the major European electricity sectors, including the different generation mixes and options, and divergent policy cultures. Thirdly, conclusions are drawn concerning the instruments likely to be developed, both on national and EU level, their potential impact, and the potential interactions of different instruments within and between countries, including issues relating to international electricity and emissions trading.
|Publisher:||Taylor & Francis|
|Product dimensions:||5.50(w) x 8.00(h) x 0.99(d)|
About the Author
Christiaan Vrolijk is a research fellow in the Energy and Environment Programme at the Royal Institute of International Affairs.
Table of Contents
List of Figures, Tables and Boxes * Foreword by Charles Nicholson * Preface * Acknowledgements * About the Authors * Acronyms and Abbreviations * Executive Summary * Part I: Climate Change and Economic Policy Instruments - Climate Change and the Power Industry * The Kyoto Protocol Mechanisms * The Policy Framework in Europe * Economic Instruments for European Electricity * Part II: Case Studies of European Sectors - Introduction * Denmark * France * Germany * Italy * The Netherlands * United Kingdom * Part III: Interactions, Implications and Conclusions - National Climate Change in Europe * Reconciling Climate Change and the Market * Summary and Conclusions * Appendix 1: Key Articles of the Framework Convention and Kyoto Protocol * Appendix 2: Some Issues from the Bonn Agreement (decision 5/CP.6)