The impact of international GHG trading regimes on penetration of new energy technologies and feasibility to implement EU Energy and Climate Package targets

Dalia Streimikiene

Renewable and Sustainable Energy Reviews, 2012, vol. 16, issue 4, 2172-2177

Abstract: The EU's new energy and environment policy – agreed by government leaders in their Council meeting in March 2007 – established a political agenda to tackle three core energy objectives: sustainability, economic competitiveness and security of supply. A triad of specific policies addresses these challenges: first, the 20/20/20 targets of the EU; then, the Second Strategic Energy Review of the European Commission; and finally, plans to liberalise energy markets. The European Union's ‘20/20/20′ targets for 2020: reduce greenhouse gas emissions by 20% comparing with 1990 level (to become a 30% reduction if other major global economies join), increase the share of renewables in the final energy consumption to 20% and to achieve 20% improvement in energy efficiency compared to the level in 2020 if existing trends were to continue.

Keywords: GHG emission trading; Energy scenarios; EU Energy and Climate Package (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1016/j.rser.2012.01.042

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