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

33 Pages Posted: 30 Nov 2010

See all articles by Simone Borghesi

Simone Borghesi

University of Siena - Dept. of Political and International Sciences; European University Institute

Date Written: November 29, 2010

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

JEL Classification: L11, Q28, Q38, Q42, Q43, Q48

Suggested Citation

Borghesi, Simone, The European Emission Trading Scheme and Renewable Energy Policies: Credible Targets for Incredible Results? (November 29, 2010). FEEM Working Paper No. 141.2010, Available at SSRN: https://ssrn.com/abstract=1716709 or http://dx.doi.org/10.2139/ssrn.1716709

Simone Borghesi (Contact Author)

University of Siena - Dept. of Political and International Sciences ( email )

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European University Institute ( email )

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