Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191389
Authors: 
Aune, Finn Roar
Golombek, Rolf
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper No. 7364
Abstract: 
In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in final energy consumption, and improved energy efficiency. We find that the renewable and energy-efficiency targets have been set so high that the derived emissions reduction exceeds the EU climate target. Hence, carbon prices are redundant in reaching the EU climate goal. This policy, however, is not cost efficient.
Subjects: 
climate policy
renewables
energy efficiency
nuclear phase out
energy modeling
JEL: 
Q28
Q41
Q48
Q54
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.