The European Emission Trading Scheme and Renewable Energy Policies: Credible Targets for Incredible Results?

Simone Borghesi

No 2010.141, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This paper discusses the merits and limits of the recent European energy policy aimed at reducing carbon emissions, devoting particular attention to the European Trading System of carbon permits and to the measures that the European Union has adopted to promote renewable energy sources. From the comparison of past goals and present results, it is argued that more credible targets for carbon emission reductions and renewable shares would probably help the transition towards an alternative energy system and the necessary reduction of greenhouse gases.

Keywords: Pollution; Sustainable Development; Climate Change; Fossil Fuels; Energy Policy; European Union; European Trading System (ETS); Cap-And-Trade; Renewable Energy Sources; Credibility (search for similar items in EconPapers)
JEL-codes: L11 Q28 Q38 Q42 Q43 Q48 (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-ene, nep-env and nep-eur
References: Add references at CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: The European emission trading scheme and renewable energy policies: credible targets for incredible results? (2011)
Working Paper: The European Emission Trading Scheme and Renewable Energy Policies: Credible Targets for Incredible Results? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2010.141

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