The EU ETS: Over-allocation or Abatement?

Size: px
Start display at page:

Download "The EU ETS: Over-allocation or Abatement?"

Transcription

1 The EU ETS: Over-allocation or Abatement? A. Denny Ellerman & Barbara Buchner MIT and IEA Workshop on the Evaluation of the EU ETS, April 2007, Paris Caisse des Dépôts OECD/IEA 2007

2 Some background issues Emissions will never exactly equal the cap Especially with intra-period banking/borrowing A constraining cap will always result in long and short positions among installations Reasons for being long/short : The reason that motivates trading: differences in the marginal cost of abatement Uncertainty (of economic activity, weather or any other factor affecting emissions) Deliberate over- or under-allocation

3 Aggregate EU25 position, 2005: Sum of shorts, longs, and net Sum of Shorts Mt 9.0% Net 79.3 Mt 4.0% Sum of Longs Mt 13.0% Million tons-co 2 /EUAs

4 Short & long positions by Member State, 2005 Poland Czech Lithuania Slovakia Hungary Estonia Latvia Slovenia Germany France Finland Denmark Netherlands Sweden Belgium Luxembour Portugal Greece Austria Ireland Italy Spain UK EE 8 EU 15 MtCO2 Net Short Net Long Gross Short Gross Long

5 Short & long positions by sector, EU25, 2005 MtCO Power and Heat U/I Others Iron, Steel & Coke Cement & Lime Refineries Pulp & Paper Glass Ceramics, Bricks & Tiles Net Short Net Long Gross Short Gross Long

6 A breakdown of positions by major sectors & regions EU15 Power&Heat EU15 Industry SHORT LONG EE8 Power&Heat EE8 Industry MEUAs Net Short Gross Short Net Long Gross Long

7 An indicator of over-allocation: The Net Long Ratio = If net position is The Net Long Ratio Net Long Gross Long relatively low: no (obvious) over-allocation Shorts offset most of long positions high, implying few or no shorts and a cap that is higher than the counterfactual: strong indication of over-allocation

8 35% Distribution of EUAs by Member State Net Ratios % of EU25 Allocation 30% 25% 20% 15% UK Ireland Spain Italy Austria Germany Sweden Holland France Hungary Slovenia Poland Czech Slovakia Finland Denmark Baltics Luxembourg 10% 5% Greece Portugal Belgium 0% -1 to to to to to 0 0 to.2.2 to.4.4 to.6.6 to to 1.0 INTERNATIONAL Difficulty of ENERGY choosing AGENCY Base the right Purchase AGENCE "Sold" threshold INTERNATIONALE DE L ENERGIE

9 Summary on over-allocation At least 71% of allowances in 11 MSs without evident over-allocation Presumed over-allocation: In 12 MSs with 29% of allowances of which 5.4% are surplus In industrial sectors with 42% of allowances of which 5.6% are surplus But not necessary complete indicator of overall length of EU ETS: some length is due to abatement Maximum over-allocation 100 MEUAs

10 Now, to abatement How do 2005 emissions compare to historical emissions, not allowance totals? Only historical data is that for baselines for 1 st period allocation Varying dates, but all centered on Potential bias (data collection process) Also, some problems of comparability For now, a proxy for the counterfactual

11 2005 emissions, base period emissions & total allowances: a regional breakup % - 2.4% Million metric tons CO % EU-23 EU-15 EU-8 0 INTERNATIONAL Baseline Allowances ENERGY Emissions AGENCY EU-23 EU-23 EU-23 Baseline EU-15 AGENCE Emissions INTERNATIONALE Baseline Allowances DE L ENERGIE Emissions Allowances EU-15 EU-15 EU-8 EU-8 EU-8

12 120 EU 23 GDP growth, EE = EU 23 EU

13 110 Indicators of economic activity in the EU25, Production & distribution of electricity Total industry 2005 Volume index of production; average 2002= m m m m m m m m m m m m m m m m m m m07

14 112 Indicators of economic activity in the EU25, m m m m m m m m m m m m m m m m m m m07 INTERNATIONAL Pulp & paper ENERGY AGENCY Glass, bricks, tiles, AGENCE ceramics INTERNATIONALE Cement DE Iron L ENERGIE & steel Volume index of production; average 2002=100

15 Trends in Real GDP, CO 2 emissions, and CO 2 intensity Annual changes in percent Real GDP +2.9% +1.8% EU23 CO 2 Emissions +0.1% +1.0% CO 2 Intensity -2.7% -0.8% Real GDP +2.8% +1.6% EU15 CO 2 Emissions +0.4% +1.1% CO 2 Intensity -2.3% -0.5% Real GDP +4.3% +3.6% EE8 CO 2 Emissions -1.8% +0.2% CO 2 Intensity -5.8% -3.3% Slowing in rate of decline in CO 2 intensity since 2000

16 A high level abatement estimate 2005 counterfactual higher due to Economic growth: EU GDP growth ~ 2% p.a. Higher than expected natural gas and oil prices Carbon intensity improvement has slowed from about 2% in 1990s to -1% since 2000 Implies (at least) +1% growth in CO 2 emissions 2005 verified emissions: about 3% lower than baseline emissions ( 2002?) Implies about 6% abatement 100 MtCO 2 But: many uncertainties from poor data and gross methods

17 2,200 2,150 2,100 Summarising : an illustrative explanation Theoretical Cap 1% p.a. Counterfactual Over- Allocation Million tons CO 2 2,050 2,000 1,950 Potential Bias in Baseline Data 2005 Allowances 2005 Verified Emissions Abatement 1,900 1,850 1,800 Baseline Emissions The 2005 Situation 1 2

18 Summary on abatement The basic case for abatement A significant positive price is being incurred Rising real output Emissions are lower than historical levels (even after allowing for plausible bias) Serious work on estimating abatement has yet to be done (baseline bias) A high level estimate would suggest around a maximum of ~150 Mt (but probably too much ); depends on bias, understatement of 2005 VE Over-estimation of CO 2 emissions? Under-estimation of abatement?

19 Some evidence on changes in technology ČEZ (largest electricity producer in Czech Republic) Reacted to EU ETS; adapted behavior through Dispatching of capacities based on electricity and CO 2 prices Dispatching of power plants adapted to CO 2 (emission factors) Increased focus on availability of nuclear and renewable capacities Increased focus on plant efficiency and CO 2 emissions measurement Non-production of electricity at coal power plants & improvement in electricity production efficiency emission factor at its historic minimum in 2005: emissions saving of 1.48 MtCO 2 Profits from sale of saved EUAs

20 Some evidence on changes in technology Fortis bank: Fuel switching in the EU power sector EUR / tonco 2 1,000 upper band switch from 40% coal to 48% gas 100 coal-to-gas switch range EUA price, first contract if EUA price is above switch band > utilities prefer gas 10 lower band switch from 36% coal to 55% gas below switch band > utilities prefer coal 1 Jan 05 Apr 05 Jul 05 Oct 05 Jan 06 Apr 06 Jul 06 Oct 06 Jan 07 1 st observation: without CO 2 valuation (EUA at 0/tCO 2 ) no fuel switching; all utilities would have constantly preferred coal over gas 2 nd observation: CO 2 valuation gave a clear incentive for utilities to switch from coal to gas from March 2005 until October 2005

21 Some evidence on changes in technology Fortis bank: Based on this information: simulation of EU25 power sector during 2005 Case ETS CO 2 valuation (daily market price) Case no ETS without CO2 valuation ( 0/tCO 2 ) Conclusion: without EU ETS, electricity-related emissions would have been about 100 Mt higher than in 2005 Emission reductions of ~ 100MtCO 2 emissions in EU power sector throughout 2005 due to EU ETS CO 2 value taken into account in other sectors

22 Some evidence on changes in technology Point Carbon: 2005 surplus mainly due to combination of generous allocation & internal abatement/efficiency improvements Empirical evidence for some site-specific reductions (increased energy efficiency, own bio-fuel based power production; permanent/temporary closure) Most striking result form annual carbon Market Survey: significant level of internal abatement initiated should be visible in 2007/2008

23 Some evidence on changes in technology

24 Bottom line Almost certainly both over-allocation and abatement Exact magnitude hard to pin down to due poor data and inherent difficulties However, a long position in not a per se indicator of over-allocation: Notwithstanding some 1st period over-allocation (and the lower price), not to mention other problems, the evidence suggests that the EU ETS did reduce CO2 emissions

OVER-ALLOCATION OR ABATEMENT? A PRELIMINARY ANALYSIS OF THE EU ETS BASED ON THE 2005 EMISSIONS DATA. by Denny Ellerman and Barbara Buchner

OVER-ALLOCATION OR ABATEMENT? A PRELIMINARY ANALYSIS OF THE EU ETS BASED ON THE 2005 EMISSIONS DATA. by Denny Ellerman and Barbara Buchner OVER-ALLOCATION OR ABATEMENT? A PRELIMINARY ANALYSIS OF THE EU ETS BASED ON THE 2005 EMISSIONS DATA by Denny Ellerman and Barbara Buchner 06-016 November 2006 OVER-ALLOCATION OR ABATEMENT? A PRELIMINARY

More information

Options for structural measures in the EU ETS

Options for structural measures in the EU ETS CEPS Carbon Market Forum 23 April 2013, Brussels Options for structural measures in the EU ETS Stefan P. Schleicher Wegener Center for Climate and Global Change University of Graz A B B C C D E F F G G

More information

CAP CONTEXT INDICATORS

CAP CONTEXT INDICATORS CAP CONTEXT INDICATORS 2014-2020 24. AGRICULTURAL TRAINING OF FARM MANAGERS 2017 update CONTEXT INDICATOR 24: AGRICULTURAL TRAINING OF FARM MANAGERS Learning by doing is still the main form of for the

More information

Energy demand dynamics and infrastructure development plans in the EU. October 10 th, 2012 Jonas Akelis, Managing Partner - Baltics

Energy demand dynamics and infrastructure development plans in the EU. October 10 th, 2012 Jonas Akelis, Managing Partner - Baltics Energy demand dynamics and infrastructure development plans in the EU October 10 th, 2012 Jonas Akelis, Managing Partner - Baltics Forecasted energy demand dynamics of EU-11 will be significantly higher

More information

PRICE SETTING IN THE ELECTRICITY MARKETS WITHIN THE EU SINGLE MARKET

PRICE SETTING IN THE ELECTRICITY MARKETS WITHIN THE EU SINGLE MARKET PRICE SETTING IN THE ELECTRICITY MARKETS WITHIN THE EU SINGLE MARKET A report to the Committee on Industry, Research and Energy of the European Parliament February, 2006 Outline Characteristics of the

More information

Sectoral Profile - Industry

Sectoral Profile - Industry Sectoral Profile - Industry Energy consumption Energy consumption trends in EU There is a regular decrease in energy consumption since 2003, although there was growth in industrial activity from 2003 to

More information

ODYSSEE-MURE, a decision support tool for energy efficiency policy evaluation. Recent energy efficiency trends in the EU

ODYSSEE-MURE, a decision support tool for energy efficiency policy evaluation. Recent energy efficiency trends in the EU ODYSSEE-MURE, a decision support tool for energy efficiency policy evaluation Recent energy efficiency trends in the EU Didier Bosseboeuf, ADEME, project coordinator Bruno Lapillonne, Karine Pollier; Enerdata

More information

Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the Emissions Data

Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the Emissions Data Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the 2005-2006 Emissions Data A. Denny Ellerman Barbara K. Buchner 2007 RPP-2007-03 Regulatory Policy Program Mossavar-Rahmani

More information

Emissions Trading System (ETS): The UK needs to deliver its share of the total EU ETS emissions reduction of 21% by 2020, compared to 2005;

Emissions Trading System (ETS): The UK needs to deliver its share of the total EU ETS emissions reduction of 21% by 2020, compared to 2005; Emissions Trading System (ETS): The UK needs to deliver its share of the total EU ETS emissions reduction of 21% by 2020, compared to 2005; Non-ETS emissions: The Effort Sharing Decision sets a target

More information

CAP CONTEXT INDICATORS

CAP CONTEXT INDICATORS CAP CONTEXT INDICATORS 2014-2020 44. ENERGY USE IN AGRICULTURE, FORESTRY AND THE FOOD INDUSTRY 2017 update BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK CONTEXT INDICATOR

More information

Recent trends and projections in EU greenhouse gas emissions

Recent trends and projections in EU greenhouse gas emissions Approximated greenhouse gas emissions Recent trends and projections in EU greenhouse gas emissions Greenhouse gas (GHG) emissions in the European Union (EU) increased by 0.6 % in 2017, according to preliminary

More information

Approximated greenhouse gas emissions in 2016

Approximated greenhouse gas emissions in 2016 Approximated greenhouse gas emissions Approximated greenhouse gas emissions in 2016 This briefing presents early approximated (proxy) estimates of greenhouse gas (GHG) emissions for 2016 in the European

More information

CAP CONTEXT INDICATORS

CAP CONTEXT INDICATORS CAP CONTEXT INDICATORS 2014-2020 33. FARMING INTENSITY 2017 update CONTEXT INDICATOR 33: FARMING INTENSITY Intensification is an important restructuring process that has characterised European agriculture

More information

The End of Free Carbon

The End of Free Carbon The End of Free Carbon Lessons from Kyoto Protocol & EU ETS ENGREF Benoît Leguet Mission climat Caisse des Dépôts Paris, 28/11/07 The End of Free Carbon The Kyoto Protocol: Two Innovations A «Cap and Trade»

More information

Trends and drivers in greenhouse gas emissions in the EU in 2016

Trends and drivers in greenhouse gas emissions in the EU in 2016 EU greenhouse gas inventory Trends and drivers in greenhouse gas emissions in the EU in 2016 Official data for 2016 confirm the longterm reduction in greenhouse gas emissions across Europe. This briefing

More information

Energy efficiency trends in EU industry

Energy efficiency trends in EU industry Energy efficiency trends in EU industry Odyssee-Mure webinar series on Energy Efficiency organised by Leonardo ENERGY Bruno Lapillonne, Karine Pollier, Laura Sudries, Enerdata 16 November 2016 The webinar

More information

.eu brand awareness. Domain names have a high awareness. About 81% of the European Internet population has heard of domain names.

.eu brand awareness. Domain names have a high awareness. About 81% of the European Internet population has heard of domain names. .eu brand awareness Domain names have a high awareness. About 81% of the European Internet population has heard of domain names. More than half of the European Internet population knows of the existence

More information

The interactions of complementary policies with a GHG cap and trade program: the case of Europe

The interactions of complementary policies with a GHG cap and trade program: the case of Europe The interactions of complementary policies with a GHG cap and trade program: the case of Europe David Harrison, Ph.D. Senior Vice-President Daniel Radov Associate Director EPRI-IETA IETA Joint Symposium

More information

Phasing out nuclear power in Europe Rolf Golombek, Finn Roar Aune and Hilde Hallre Le Tissier 39th IAEE International Conference Bergen, June 2016

Phasing out nuclear power in Europe Rolf Golombek, Finn Roar Aune and Hilde Hallre Le Tissier 39th IAEE International Conference Bergen, June 2016 Oslo Centre of Research on Environmentally friendly Energy Phasing out nuclear power in Europe Rolf Golombek, Finn Roar Aune and Hilde Hallre Le Tissier 39th IAEE International Conference Bergen, June

More information

CAP CONTEXT INDICATORS

CAP CONTEXT INDICATORS CAP CONTEXT INDICATORS 2014-2020 40. WATER QUALITY 2017 update CONTEXT INDICATOR 40: WATER QUALITY Water quality is assessed through the Gross Nutrient Balance and nitrates in freshwater The nitrogen surplus

More information

Wind energy and Climate policy Fixing the Emission Trading System

Wind energy and Climate policy Fixing the Emission Trading System Wind energy and Climate policy Fixing the Emission Trading System Rémi Gruet Senior Advisor - Climate Change & Environment European Wind Energy Association 1st February 2012 EWEA Members Across entire

More information

ANNUAL PUBLICATION: detailed data. VOLUME OF EXPORTS FELL BY 4,7 PER CENT IN 2015 Export prices rose 0,7 per cent. 24 March 2016

ANNUAL PUBLICATION: detailed data. VOLUME OF EXPORTS FELL BY 4,7 PER CENT IN 2015 Export prices rose 0,7 per cent. 24 March 2016 ANNUAL PUBLICATION: detailed data 2 March 216 VOLUME OF EXPORTS FELL BY,7 PER CENT IN 21 Export prices rose,7 per cent According to Finnish Customs preliminary data, the value of Finland s goods exports

More information

EU Climate and Energy Policy Framework: EU Renewable Energy Policies

EU Climate and Energy Policy Framework: EU Renewable Energy Policies EU Climate and Energy Policy Framework: EU Renewable Energy Policies Buenos Aires 26-27 May 2015 Dr Stefan Agne European Commission DG Climate Action Energy 1 EU Climate and Energy Policy Framework 2 Agreed

More information

Over the whole year 2011, GDP increased by 1.4% in the euro area and by 1.5% in the EU27, compared with +1.9% and +2.0% respectively in 2010.

Over the whole year 2011, GDP increased by 1.4% in the euro area and by 1.5% in the EU27, compared with +1.9% and +2.0% respectively in 2010. 35/2012-6 March 2012 Second estimates for the fourth quarter of Euro area and EU27 down by 0.3% +0.7% and +0.9% respectively compared with the fourth quarter of 2010 decreased by 0.3% in both the euro

More information

Photo: Karpov. Wind in power 2009 European statistics. February 2010 THE EUROPEAN WIND ENERGY ASSOCIATION

Photo: Karpov. Wind in power 2009 European statistics. February 2010 THE EUROPEAN WIND ENERGY ASSOCIATION Photo: Karpov Wind in power 29 European statistics February 21 1 WIND IN POWER: 29 EUROPEAN STATISTICS Contents Executive summary 29 annual installations Wind map 29 Wind installations 29 Power capacity

More information

Photo: Thinkstock. Wind in power 2010 European statistics. February The European Wind energy association

Photo: Thinkstock. Wind in power 2010 European statistics. February The European Wind energy association Photo: Thinkstock Wind in power 21 European statistics February 211 1 WIND IN POWER: 21 EUROPEAN STATISTICS Contents Executive summary 21 annual installations Wind map 21 Wind power capacity installations

More information

Energy and CO 2 emissions in the OECD

Energy and CO 2 emissions in the OECD Energy and CO 2 emissions in the OECD With detailed supply and demand data up to 216 1 1. Data based on the 218 preliminary editions of the IEA World energy balances, and the IEA CO 2 Emissions from fuel

More information

International Indexes of Consumer Prices,

International Indexes of Consumer Prices, International Indexes of Consumer Prices, July International Labor Comparisons Table of Contents Highlights... 1 Monthly Charts.. Monthly Tables... Annual Charts..... 5 Annual Tables.. 7 Technical Notes..

More information

3. Future wood demand for energy

3. Future wood demand for energy UNECE/FAO Workshop on wood resource balances Part II: Future wood resource availability and demands presented by Sebastian Hetsch University of Hamburg Centre of Wood Science Udo Mantau Florian Steierer

More information

Merit Order Effect of Wind Power Impact on EU 2020 Electricity Prices

Merit Order Effect of Wind Power Impact on EU 2020 Electricity Prices Merit Order Effect of Wind Power Impact on EU 2020 Electricity Prices AEE Wind Energy Convention, Madrid June 15-16 Jesper Munksgaard Ph.D., Senior Consultant 2 Agenda Background Literature review Modeling

More information

Example of using detailed statistics: The case of poplar markets in EU

Example of using detailed statistics: The case of poplar markets in EU Example of using detailed statistics: The case of poplar markets in EU Arvydas Lebedys FAO Forestry Officer (Statistics) Eurostat Forestry Statistics Working Group Meeting, Luxembourg, 16-17 November 2011

More information

Environmental Best Practices, It Begins with Us: Business, Local Governments and International Community Should Work Together

Environmental Best Practices, It Begins with Us: Business, Local Governments and International Community Should Work Together Environmental Best Practices, It Begins with Us: Business, Local Governments and International Community Should Work Together Jung Wan Lee, PhD Boston University, United States Objectives of the Paper

More information

AMBITION OF RENEWABLE ENERGY TARGETS FOR THE EU IN 2030

AMBITION OF RENEWABLE ENERGY TARGETS FOR THE EU IN 2030 AMBITION OF RENEWABLE ENERGY TARGETS FOR THE EU IN CONCLUSIONS FROM THE REPORT BENCHMARKS FOR A MORE AMBITIOUS EU RENEWABLES TARGET COMMISSIONED BY EREF CORINNA KLESSMANN 17 OCTOBER 2017 1 / ECOFYS, A

More information

Energy security indices

Energy security indices Energy security indices in Europe Economic Challenges for Energy Workshop Beatriz Muñoz Delgado UNED 1 Contents 1. Energy security: Conceptual review 2. Energy security quantification 3. REACCESS project

More information

How effective will the EU s largest post-2020 climate tool be?

How effective will the EU s largest post-2020 climate tool be? Understanding the Climate Action Regulation How effective will the EU s largest post-2020 climate tool be? Carbon Market Watch Policy Brief, April 2018 Introduction The Climate Action Regulation (CAR),

More information

Sea freight data indicate weak import demand both in US and EU27. Data on inland road and rail freight indicate weak domestic activity

Sea freight data indicate weak import demand both in US and EU27. Data on inland road and rail freight indicate weak domestic activity Statistics Brief Global Trade and Transport July 2013 Global Freight Volumes Indicate Increasing Dependency on -led Growth The latest update of global freight data collected by the International Transport

More information

ACHIEVING ECO-EFFICIENCY EFFICIENCY IN BUSINESS. Statistical days Slovenia, Radenci,

ACHIEVING ECO-EFFICIENCY EFFICIENCY IN BUSINESS. Statistical days Slovenia, Radenci, ACHIEVING ECO-EFFICIENCY EFFICIENCY IN BUSINESS Statistical days Slovenia, Radenci, 8-10.10.2010 WHAT DOES ECO-EFFFICIENCY MEAN? (WBSCD) defines eco-efficiency as: Eco-efficiency is reached by the delivery

More information

EU ETS review first results and next steps. Energy & Climate Policy Supply Security in International Comparison

EU ETS review first results and next steps. Energy & Climate Policy Supply Security in International Comparison EU ETS review first results and next steps by Franzjosef Schafhausen, Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, Berlin Energy & Climate Policy Supply Security in International

More information

FRAMEWORK CONVENTION ON CLIMATE CHANGE - Secretariat CONVENTION - CADRE SUR LES CHANGEMENTS CLIMATIQUES - Secrétariat KEY GHG DATA

FRAMEWORK CONVENTION ON CLIMATE CHANGE - Secretariat CONVENTION - CADRE SUR LES CHANGEMENTS CLIMATIQUES - Secrétariat KEY GHG DATA UNITED NATIONS NATIONS UNIES FRAMEWORK CONVENTION ON CLIMATE CHANGE - Secretariat CONVENTION - CADRE SUR LES CHANGEMENTS CLIMATIQUES - Secrétariat KEY GHG DATA Greenhouse Gas Emissions Data for 1990 2003

More information

The need for better statistics for climate change policies

The need for better statistics for climate change policies The need for better statistics for climate change policies Jacqueline McGlade Greenhouse gas emission data: more timely and more spatial data needed EEA annual report on GHG trends and projections in Europe

More information

Ten Reasons Why Giving Free ETS Allowances will Not Protect EU Jobs or Competitiveness

Ten Reasons Why Giving Free ETS Allowances will Not Protect EU Jobs or Competitiveness Ten Reasons Why Giving Free ETS Allowances will Not Protect EU Jobs or Competitiveness E3G Briefing October 2008 European industrial competitiveness is not threatened by auctioning 1. Energy intensive

More information

EN01 Energy and non energy-related greenhouse gas emissions

EN01 Energy and non energy-related greenhouse gas emissions EN01 Energy and non energy-related greenhouse gas emissions Key message Total EU-25 greenhouse gas emissions fell by 4.8 % between 1990 and 2004. During the same period, energy-related emissions fell considerably

More information

Energy policy choices of Poland. Marek Wąsiński The Polish Institute of International Affairs Paris, 27 September 2016

Energy policy choices of Poland. Marek Wąsiński The Polish Institute of International Affairs Paris, 27 September 2016 Energy policy choices of Poland Marek Wąsiński The Polish Institute of International Affairs Paris, 27 September 2016 Main Principles of Polish Energy Policy Energy independence Stable and price-efficient

More information

European Commission. Communication on Support Schemes for electricity from renewable energy sources

European Commission. Communication on Support Schemes for electricity from renewable energy sources European Commission Communication on Support Schemes for electricity from renewable energy sources External Costs of energy and their internalisation in Europe Beatriz Yordi DG Energy and Transport External

More information

Authors: Jannick H. Schmidt, 2.-0 LCA consultants

Authors: Jannick H. Schmidt, 2.-0 LCA consultants SIXTH FRAMEWORK PROGRAMME PRIORITY [policy-oriented research priority SSP 5A] SPECIFIC TARGETED RESEARCH OR INNOVATION PROJECT FORWAST Overall mapping of physical flows and stocks of resources to forecast

More information

Flash Eurobarometer 426. SMEs, Resource Efficiency and Green Markets

Flash Eurobarometer 426. SMEs, Resource Efficiency and Green Markets SMEs, Resource Efficiency and Green Markets Fieldwork Publication December 2015 Survey requested by the European Commission, Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs

More information

COMMISSION OF THE EUROPEAN COMMUNITIES REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL

COMMISSION OF THE EUROPEAN COMMUNITIES REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 12.11.2009 COM(2009)630 final REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL PROGRESS TOWARDS ACHIEVING THE KYOTO OBJECTIVES

More information

Eurostat current work on resource-efficient circular economy Renato Marra Campanale

Eurostat current work on resource-efficient circular economy Renato Marra Campanale Eurostat current work on resource-efficient circular economy Renato Marra Campanale Renato.Marra-Campanale@ec.europa.eu Eurostat Unit E2 'Environmental statistics and accounts; sustainable development'

More information

EUROPEAN POLICIES TO PROMOTE ENERGY CROPS

EUROPEAN POLICIES TO PROMOTE ENERGY CROPS EUROPEAN POLICIES TO PROMOTE ENERGY CROPS Hilkka Summa European Commission DG Agriculture and Rural Development Outline 1) EU policy for renewable energy 2) Energy crops production and land use 3) The

More information

State of play of energy efficiency investment and financing scheme Czech Republic

State of play of energy efficiency investment and financing scheme Czech Republic State of play of energy efficiency investment and financing scheme Czech Republic Vladimír Sochor Director of Department on Energy Efficiency and Savings Ministry of Industry and Trade Financing Energy

More information

ENERGY PRIORITIES FOR EUROPE

ENERGY PRIORITIES FOR EUROPE ENERGY PRIORITIES FOR EUROPE Presentation of J.M. Barroso, President of the European Commission, to the European Council of 4 February 2011 Contents 1 I. Why energy policy matters II. Why we need to act

More information

Strong focus on market and policy analysis

Strong focus on market and policy analysis OECD/IEA - 2015 Founded in 1974 OECD agency 29 member countries 1 new applicant - Mexico 3 associate countries: China, Indonesia, Thailand 240 staff in Paris secretariat The European Commission also participates

More information

The Economics of Climate Change C 175 Christian Traeger Part 3: Policy Instruments continued. Cap and Trade in application: Lecture 13

The Economics of Climate Change C 175 Christian Traeger Part 3: Policy Instruments continued. Cap and Trade in application: Lecture 13 The Economics of Climate Change C 175 Christian Traeger Part 3: Policy Instruments continued Cap and Trade in application: The EU Emissions Trading Scheme (ETS) Lecture 13 3 Instruments 59 CO2 trading

More information

THE COST OF MEETING A 30% EMISSION REDUCTION TARGET IN EUROPE

THE COST OF MEETING A 30% EMISSION REDUCTION TARGET IN EUROPE THE COST OF MEETING A 30% EMISSION REDUCTION TARGET IN EUROPE 16 March 2012 / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /

More information

Relating to the transnational hiring-out of workers in the framework of the provision of services

Relating to the transnational hiring-out of workers in the framework of the provision of services FORM FOR USE (OPTIONAL) BY THE REQUESTING ADMINISTRATION I. REQUEST FOR INFORMATION Relating to the transnational hiring-out of workers in the framework of the provision of services Pursuant to Article

More information

RENEWABLE H&C: BREAK-THROUGH NEEDS?

RENEWABLE H&C: BREAK-THROUGH NEEDS? RENEWABLE H&C: BREAK-THROUGH NEEDS? Tobias Fleiter, Jan Steinbach, Fraunhofer ISI Brussels, 2017/10/17, EUFORES Based on 3 EU H&C projects Mapping and analyses of the H/C fuel deployment EC tender study

More information

Future Energy Scenarios for EU27 in 2030

Future Energy Scenarios for EU27 in 2030 Future Energy Scenarios for EU27 in 2030 Towards 50% oil reduction 50% CO2 emissions reduction Prepared by The Danish Board of Technology RISØ DTU Ea Energy Analyses Strasbourg, 23 April 2008 Future Energy

More information

Data, tables, statistics and maps ENERGY IN DENMARK

Data, tables, statistics and maps ENERGY IN DENMARK Data, tables, statistics and maps ENERGY IN DENMARK 215 1 1 GENERAL INFORMATION ON DENMARK Energy in Denmark, 215 Contents General information on Denmark 3 Energy production 4 Imports and exports of energy

More information

Global Warming Potential increased 6.8% in 2015, above the growth of economic activity

Global Warming Potential increased 6.8% in 2015, above the growth of economic activity Economic-environmental Indicators Air emissions accounts 1995-18 October 2017 Global Warming Potential increased 6.8% in, above the growth of economic activity In, the Global Warming Potential increased

More information

ESF Ex-Post evaluation

ESF Ex-Post evaluation ESF 2007-2013 Ex-Post evaluation Fields marked with * are mandatory. Open public consultation Questionnaire Please consult the background document as it provides useful information on the European Social

More information

Data, tables, statistics and maps ENERGY IN DENMARK

Data, tables, statistics and maps ENERGY IN DENMARK Data, tables, statistics and maps ENERGY IN DENMARK 216 Energy in Denmark, 216 Contents General information on Denmark 3 Energy production 4 Imports and exports of energy 8 Electricity and heat 9 Danish

More information

Approaches towards a framework and a long-term target of the post-kyoto period. Christian Egenhofer

Approaches towards a framework and a long-term target of the post-kyoto period. Christian Egenhofer ERSI International Collaboration projects 2009 International Forum Approaches towards a framework and a long-term target of the post-kyoto period Christian Egenhofer Senior Fellow, Centre for European

More information

Core projects and scientific studies as background for the NREAPs. 9th Inter-Parliamentary Meeting on Renewable Energy and Energy Efficiency

Core projects and scientific studies as background for the NREAPs. 9th Inter-Parliamentary Meeting on Renewable Energy and Energy Efficiency Core projects and scientific studies as background for the NREAPs 9th Inter-Parliamentary Meeting on Renewable Energy and Energy Efficiency Brussels, 18.11.2009 Mario Ragwitz Fraunhofer Institute Systems

More information

To what extent will climate and land use change affect EU-28 agriculture? A computable general equilibrium analysis

To what extent will climate and land use change affect EU-28 agriculture? A computable general equilibrium analysis To what extent will climate and land use change affect EU-28 agriculture? A computable general equilibrium analysis Martina Sartori Ca Foscari University, Venice Joint study with Davide Geneletti, Stefano

More information

ITAM Mexico City, 27 October 2016

ITAM Mexico City, 27 October 2016 ITAM Mexico City, 27 October 2016 Founded in 1974 Formed in wake of 1973 oil embargo with mission to promote member country energy security -- autonomous agency of the Organisation for Economic Cooperation

More information

Energy Innovation Scoreboard A Pilot Framework with a Focus on Renewables

Energy Innovation Scoreboard A Pilot Framework with a Focus on Renewables Energy Innovation Scoreboard A Pilot Framework with a Focus on Renewables Claudia Kettner, Angela Köppl IEA Workshop on "Modelling and Analyses in R&D Priority-Setting and Innovation" IEA, 24 April 2014

More information

Environmental impact assessment of CAP greening measures using CAPRI model

Environmental impact assessment of CAP greening measures using CAPRI model Environmental impact assessment of CAP greening measures using CAPRI model JM Terres, C. Bulgheroni, A. Leip, ML Paracchini 19 th MARS conference Vilnius Plenary session: Environmental aspects of the CAP

More information

EU 2020 Targets: Managing integration of wind in the Hungarian grid. Tari Gábor CEO. Wind Energy the Facts Tari G. 12 June 2009 Workshop,

EU 2020 Targets: Managing integration of wind in the Hungarian grid. Tari Gábor CEO. Wind Energy the Facts Tari G. 12 June 2009 Workshop, EU 2020 Targets: Managing integration of wind in the Hungarian grid Tari Gábor CEO Wind Energy the Facts Workshop, 12.06.2009 Contents 2 Hungarian Electric Power System the facts Generation mix Consumption

More information

EAST EUROPEAN COUNTRIES RESPONSES. Hungarian experiences with the EU ETS

EAST EUROPEAN COUNTRIES RESPONSES. Hungarian experiences with the EU ETS EAST EUROPEAN COUNTRIES RESPONSES Understanding the Pilot Phase of EU ETS in EU 12 Member States Hungarian experiences with the EU ETS September 19. 2008, Paris Dóra Fazekas PhD Candidate at Corvinus University

More information

EUROPEAN COUNCIL Brussels, 31 May 2013 (OR. en)

EUROPEAN COUNCIL Brussels, 31 May 2013 (OR. en) EUROPEAN COUNCIL Brussels, 31 May 2013 (OR. en) Interinstitutional File: 2013/0900 (NLE) EUCO 110/13 INST 234 POLG 69 OC 295 LEGAL ACTS Subject: DRAFT EUROPEAN COUNCIL DECISION establishing the composition

More information

11 October, 2016, Petten

11 October, 2016, Petten 11 October, 2016, Petten The REmap approach IRENA s REmap programme explores potential, cost and benefits of doubling the share of renewables in global energy mix (SE4ALL objective), key to realize SDG

More information

CAP CONTEXT INDICATORS

CAP CONTEXT INDICATORS CAP CONTEXT INDICATORS 2014-2020 45. EMISSIONS FROM AGRICULTURE 2017 update CONTEXT INDICATOR 45: EMISSIONS FROM AGRICULTURE 1. GHG emissions from agriculture GHG emissions from agriculture represent 9.8%

More information

Wind energy in Europe markets

Wind energy in Europe markets Wind energy in Europe markets Turkish Wind Energy Congress (TWEC 2012), 7 November 2012, Istanbul Christian Kjaer CEO European Wind Energy Association (EWEA) More than 600 members from almost 60 countries

More information

Publishing date: 07/02/2018. We appreciate your feedback. Share this document

Publishing date: 07/02/2018. We appreciate your feedback. Share this document Publishing date: 07/02/2018 Document title: Electricity and gas retail - List of Figures 2016 We appreciate your feedback Please click on the icon to take a 5 online survey and provide your feedback about

More information

Graph showing current EU member states and candidate countries population and GDP per capita.

Graph showing current EU member states and candidate countries population and GDP per capita. Annex 1 Graph showing current EU member states and candidate countries population and GDP per capita. Source: Kaihsu Tai, University of Oxford (2004). (Country abbreviations are shown in the list of abbreviations

More information

Realizing the Flexibility Potential of Industrial Electricity Demand: Overview of the H2020 Project IndustRE

Realizing the Flexibility Potential of Industrial Electricity Demand: Overview of the H2020 Project IndustRE EMART Energy 2017: Commercial and Industrial Energy Users Amsterdam, 4 th October 2017 Realizing the Flexibility Potential of Industrial Electricity Demand: Overview of the H2020 Project IndustRE Dimitrios

More information

Technical Paper Kyoto Ambition Mechanism Report

Technical Paper Kyoto Ambition Mechanism Report Technical Paper Kyoto Ambition Mechanism Report 30 April 2014 EN EN Table of Contents 1. Summary... 2 2. Progress towards meeting the Kyoto targets in the first commitment period (2008-2012)... 4 2.1.

More information

Phasing out nuclear power in Europe Rolf Golombek May 2015

Phasing out nuclear power in Europe Rolf Golombek May 2015 Oslo Centre of Research on Environmentally friendly Energy Phasing out nuclear power in Europe Rolf Golombek May 2015 Nuclear power in Europe Mixed picture after Fukushima 2011 Phasing out nuclear vs.

More information

WIND POWER TARGETS FOR EUROPE: 75,000 MW by 2010

WIND POWER TARGETS FOR EUROPE: 75,000 MW by 2010 About EWEA EWEA is the voice of the wind industry actively promoting the utilisation of wind power in Europe and worldwide. EWEA members from over 4 countries include 2 companies, organisations, and research

More information

Trends in waste generation and management in Europe. Özgür Saki European Environment Agency

Trends in waste generation and management in Europe. Özgür Saki European Environment Agency Trends in waste generation and management in Europe Özgür Saki European Environment Agency The European Environment Agency An EU institution situated in Copenhagen since 1994 Provides the information necessary

More information

(c) The terms of the agreement are set out in the Annex to this Note Verbale.

(c) The terms of the agreement are set out in the Annex to this Note Verbale. Note Verbale No EDD/2018/001 Her Britannic Majesty's Foreign and Commonwealth Office presents its compliments to the Secretariat of the United Nations Framework Convention on Climate Change and has the

More information

CROATIA. Risk Assessment Exercise

CROATIA. Risk Assessment Exercise CROATIA Risk Assessment Exercise JRC Institute for Energy Enlargement and Integration Workshop, 5-7 October 211 Hotel Valamar Lacroma, Dubrovnik, Croatia Robert Bošnjak, Energy Institute Hrvoje Požar BASIC

More information

Costas G. Theofylaktos President HACHP. 2 June, 2011

Costas G. Theofylaktos President HACHP. 2 June, 2011 IENE 5 TH SE EUROPE DIALOGUE 2-3 June 2011, Thessaloniki The status of Cogeneration in Europe today CODEProgramme Costas G. Theofylaktos President HACHP 2 June, 2011 COGENERATION DIRECTIVE REQUIREMENTS

More information

Joint owner of the research company Profu Research leader of the waste management group at Chalmers University of Technology , Ph.D

Joint owner of the research company Profu Research leader of the waste management group at Chalmers University of Technology , Ph.D Joint owner of the research company Profu Research leader of the waste management group at Chalmers University of Technology 1993-2005, Ph.D. 1993. Profu Profu was established 1987 and has since then been

More information

How to secure Europe s competitiveness in terms of energy and raw materials? The answer, my friend, is blowing in the wind

How to secure Europe s competitiveness in terms of energy and raw materials? The answer, my friend, is blowing in the wind How to secure Europe s competitiveness in terms of energy and raw materials? The answer, my friend, is blowing in the wind Iván Pineda Head of Policy Analysis, EWEA PolyTalk 2014, Brussels Around 600 members

More information

COMMISSION STAFF WORKING DOCUMENT Accompanying the document

COMMISSION STAFF WORKING DOCUMENT Accompanying the document EUROPEAN COMMISSION Brussels, 14.12.2017 SWD(2017) 445 final PART 2/2 COMMISSION STAFF WORKING DOCUMENT Accompanying the document REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE

More information

REVIEW OF ECONOMIC GROWTH FACTORS OF RURAL AREAS IN THE EUROPEAN UNION

REVIEW OF ECONOMIC GROWTH FACTORS OF RURAL AREAS IN THE EUROPEAN UNION 244 REVIEW OF ECONOMIC GROWTH FACTORS OF RURAL AREAS IN THE EUROPEAN UNION Mirela Adriana Rusali PhD, Scientific Researcher II, Institute of Agricultural Economics The Romanian Academy Abstract: Growth

More information

Highlights. Figure 1. World Marketed Energy Consumption by Region,

Highlights. Figure 1. World Marketed Energy Consumption by Region, Highlights World energy consumption is projected to increase by 71 percent from 3 to 23. Fossil fuels continue to supply much of the energy used worldwide, and oil remains the dominant energy source. In

More information

Effective and efficient long-term oriented RE support policies

Effective and efficient long-term oriented RE support policies Effective and efficient long-term oriented RE support policies Dr. Mario Ragwitz Fraunhofer Institute Systems and Innovation Research Saudi Solar Energy Forum Workshop on Renewable Energy Financing Mechanisms

More information

Grundfos Solutions for Sustainable Water Supply Rasoul Mikkelsen Global Partnership Director Grundfos. Budapest Water Summit October 8-11, 2013

Grundfos Solutions for Sustainable Water Supply Rasoul Mikkelsen Global Partnership Director Grundfos. Budapest Water Summit October 8-11, 2013 Grundfos Solutions for Sustainable Water Supply Rasoul Mikkelsen Global Partnership Director Grundfos Budapest Water Summit October 8-11, 2013 About Grundfos Grundfos is a global leader in advanced pump

More information

EUROPE S ENERGY PORTAL

EUROPE S ENERGY PORTAL EUROPE S ENERGY PORTAL METHODOLOGY GAS & ELECTRICTY PRICES Collect Analyze Report EUROPEAN UNION END-USERS Description of the process leading to the determination of end-user prices for natural gas and

More information

Environmental statistics in Europe Facts and figures on the environment: from environmental taxes to water resources

Environmental statistics in Europe Facts and figures on the environment: from environmental taxes to water resources STAT/10/189 10 December 2010 Environmental statistics in Europe Facts and figures on the environment: from environmental taxes to water resources What share of fresh water resources is being abstracted

More information

10. Demand (light road freight veh shares)

10. Demand (light road freight veh shares) . Demand (light road freight veh shares) Overview Target The view is intended to calculate the share of light vehicles in total road freight vehicles. The light road freight vehicles are those belonging

More information

International trade related air freight volumes move back above the precrisis level of June 2008 both in the EU area and in the Unites States;

International trade related air freight volumes move back above the precrisis level of June 2008 both in the EU area and in the Unites States; Statistics Brief Global Trade and Transport October 2017 Air freight volumes increase since the second quarter of 2016 The latest update of global freight data collected by the International Transport

More information

Correlations between energy economy and housing market prices in the EU-impacts on future sustainability

Correlations between energy economy and housing market prices in the EU-impacts on future sustainability Correlations between energy economy and housing market prices in the EU-impacts on future sustainability Maria Alexandra MAASSEN The Bucharest University of Economic Studies, Bucharest, Romania maria.nichifor@fabiz.ase.ro

More information

WATER AS A SCARCE. Manuel Sapiano Regulation Unit Malta Resources Authority

WATER AS A SCARCE. Manuel Sapiano Regulation Unit Malta Resources Authority WATER AS A SCARCE NATIONAL RESOURCE Manuel Sapiano Regulation Unit Malta Resources Authority Introduction (1) WATER SCARCITY a situation where insufficient water resources are available to satisfy long-term

More information

RES-E Market Integration RES Integration Final Conference Brussels, 7 December 2011

RES-E Market Integration RES Integration Final Conference Brussels, 7 December 2011 RES-E Market Integration RES Integration Final Conference Brussels, 7 December 2011 Dierk Bauknecht (d.bauknecht@oeko.de) Öko-Institut e.v. Freiburg/Darmstadt/Berlin What is meant by market integration?

More information

Fraunhofer. Joachim Schleich Karoline Rogge Regina Betz. Incentives for energy efficiency in the EU Emissions Trading Scheme

Fraunhofer. Joachim Schleich Karoline Rogge Regina Betz. Incentives for energy efficiency in the EU Emissions Trading Scheme Working Paper Sustainability and Innovation No. S 2/2008 Joachim Schleich Karoline Rogge Regina Betz Incentives for energy efficiency in the EU Emissions Trading Scheme ISI Fraunhofer Institute Systems

More information

Exploring the wide dispersion in productivity among European firms

Exploring the wide dispersion in productivity among European firms CDEP CGEG WORKING PAPER SERIES CDEP CGEG WP No. 71 Exploring the wide dispersion in productivity among European firms Yuriy Gorodnichenko, Debora Revoltella, Jan Svejnar and Christoph Weiss Yuriy Gorodnichenko,

More information

Contribution of Forest Management Credits in Kyoto Protocol Compliance and Future Perspectives

Contribution of Forest Management Credits in Kyoto Protocol Compliance and Future Perspectives ADVANCES IN CLIMATE CHANGE RESEARCH 2(4): 171 177, 2011 www.climatechange.cn DOI: 10.3724/SP.J.1248.2011.00171 POLICY FORUM Contribution of Forest Management Credits in Kyoto Protocol Compliance and Future

More information