Combining climate and energy policies: synergies or antagonism ? Modeling interactions with energy efficiency instruments

Oskar Lecuyer () and Ruben Bibas
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Ruben Bibas: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique

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Abstract: In addition to the already present Climate and Energy package, the European Union (EU) plans to include a binding target to reduce energy consumption. We analyze the rationales the EU invokes to justify such an overlapping and develop a minimal common framework to study interactions arising from the combination of instruments reducing emissions, promoting renewable energy (RE) production and reducing energy demand through energy efficiency (EE) investments. We find that although all instruments tend to reduce GHG emissions and although a price on carbon tends also to give the right incentives for RE and EE, the combination of more than one instrument leads to significant antagonisms regarding major objectives of the policy package. The model allows to show in a single framework and to quantify the antagonistic effects of the joint promotion of RE and EE. We also show and quantify the effects of this joint promotion on ETS permit price, on wholesale market price and on energy production levels.

Keywords: Renewable energy; energy efficiency; energy policy; climate policy; policy interaction.; énergie renouvelable; efficacité énergétique; politique énergétique; politique climatique; interaction entre politiques (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur and nep-reg
Note: View the original document on HAL open archive server: https://hal.science/hal-00866439v1
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Combining climate and energy policies: synergies or antagonism ? Modeling interactions with energy efficiency instruments (2012)
Working Paper: Combining Climate and Energy Policies: Synergies or Antagonism? Modeling interactions with energy efficiency instruments (2011)
Working Paper: Combining Climate and Energy Policies: Synergies or Antagonism? Modeling Interactions With Energy Efficiency Instruments (2011)
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