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HELM, DIETER (2) answer(s).
 
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ID:   093260


Economics and politics of climate change / Helm, Dieter (ed); Hepburn, Cameron (ed) 2009  Book
Helm, Dieter Book
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Publication Oxford, Oxford University Press, 2009.
Description xxiv, 538p.
Standard Number 9780199573288
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054692363.73874526/HEL 054692MainOn ShelfGeneral 
2
ID:   126803


European framework for energy and climate policies / Helm, Dieter   Journal Article
Helm, Dieter Journal Article
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Publication 2014.
Summary/Abstract European energy and climate change policy rests on two main pillars: the internal energy market (IEM), and the climate change package (CCP). The IEM aimed at third party access and unbundling, neglecting the physical infrastructure and the basis for asset valuations and hence the harmonisation of network charges. The Commission plans to complete the IEM by 2014-almost a quarter of a century after embarking on the policy. Yet even if all the IEM directives are implemented, the EU will remain far from a single competitive market. The CCP was grounded on short term targets (the 2020-20-20 programme) on the assumption that fossil fuel prices would rise, making renewables competitive, and hence yielding a competitive advantage to the EU. The EUETS was intended to lead the way to a global trading system and an international agreement at Copenhagen. The EU has reduced the production of carbon emissions, but only as a result of de-industrialisation and slow growth, and at the expense of rising carbon consumption. Renewables have not led to green growth, but rather to a further eroding of competitiveness. The EUETS price has collapsed. In order for the EU to put the IEM and the CCP back on track, both need to be radically reconsidered. The IEM requires a refocusing on physical infrastructure, common accounting rules and an EU-wide approach to capacity markets and renewables trading. The CCP requires a refocusing on carbon consumption, on limiting the dash-for-coal, and on future rather than current renewables.
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