The European Commission's proposed Directive on the geological storage of carbon dioxide

2008 ◽  
Vol 5 (2) ◽  
pp. 199-213 ◽  
Author(s):  
Mihai Tomescu ◽  
Scott Brockett ◽  
Martina Doppelhammer
Keyword(s):  
Carbon Dioxide ◽  
Fossil Fuel ◽  
Policy Instruments ◽  
Energy System ◽  
The European Union ◽  
Geological Storage ◽  
Combat Climate Change ◽  
And Storage ◽  
The Eu ◽  
Energy Package

AbstractThe 2007 Spring European Council called for the European Union (EU) to be at the forefront of efforts to combat climate change and endorsed ambitious targets aimed at setting the European energy system on a sustainable path. To ensure that these targets are met, the European Commission put forward a set of proposed policy instruments, the Climate and Energy Package, in January 2008. A key element of the adopted Package is the proposed Directive on the geological storage of carbon dioxide, a technology which can help tackle emissions from energy generation from fossil fuel sources which will otherwise compromise EU climate objectives. This paper lays out policy options to incentivise the deployment of carbon dioxide capture and storage (CCS) in the EU and presents the proposed Directive.

Analyzing the impact of fossil fuel import reliance on electricity prices: The case of the Iberian Electricity Market

2017 ◽  
Vol 28 (7) ◽  
pp. 687-705 ◽  
Author(s):  
Blanca Moreno ◽  
María T García-Álvarez
Keyword(s):  
Carbon Dioxide ◽  
Electricity Market ◽  
Fossil Fuel ◽  
Carbon Dioxide Emission ◽  
High Energy ◽  
Electricity Production ◽  
The European Union ◽  
Electricity Prices ◽  
The Impact ◽  
The Eu

Spain and Portugal are highly dependent on energy from abroad, importing more than 70% of all the energy they consume. This high energy dependence could involve important effects on the level and stability of their electricity prices as a half the gross electricity generated in both countries came from power stations using imported combustible fuels (such as natural gas, coal and oil). In general, changes in the prices of these fossil fuels can directly affect household electricity prices, since generation costs are likely to be transmitted through to the wholesale electricity market. Moreover, in the framework of the European Union Emission Trading System, electricity production technologies tend to incorporate their costs of carbon dioxide emission allowances in sale offers with the consequent increase of the electricity prices. The objective of this paper is to analyze the influence of fossil fuel costs and prices of carbon dioxide emission allowances in the EU on the Spanish and Portuguese electricity prices. With this aim, a maximum entropy econometric approach is used. The obtained results indicate that not only the price of imported gas are very important in explaining Spanish and Portuguese electricity prices but also the price of carbon dioxide emission allowances in the EU.

Climate Change Law and Policy in the European Union

2016 ◽  
Author(s):  
Sanja Bogojević
Keyword(s):  
Climate Change ◽  
Greenhouse Gases ◽  
The European Union ◽  
Geological Storage ◽  
Passenger Cars ◽  
Law And Policy ◽  
International Climate ◽  
Change Framework ◽  
The Eu ◽  
Energy Package

This chapter is concerned with EU’s climate change law and its impact on climate change action at a global level. It investigates whether the international climate change regime ‘tightens’ its own standards so as to match EU climate change law. The corpus of EU climate change law is codified in the Climate and Energy Package, which aims to provide a comprehensive and integrated climate change framework. It includes measures promoting the use of renewable energy, specifying and thus helping to monitor and reduce greenhouse gases from fuel, setting standards for new passenger cars, establishing a framework for the geological storage of carbon dioxide, outlining the effort of Member States to reduce greenhouse gases to meet the 2020 commitments, as well as revising the EU emissions trading regime (ETS).

scholarly journals CONSEQUENCES OF THE IMPLEMENTATION OF THE "GREEN DEAL" IN EUROPE

2021 ◽  
Vol 9 (3) ◽  
pp. 141-145
Author(s):  
Aleksandr Suglobov ◽  
Oleg Karpovich
Keyword(s):  
Structural Changes ◽  
Negative Impact ◽  
Energy System ◽  
Global Markets ◽  
The European Union ◽  
Wide Range ◽  
New Development ◽  
Combat Climate Change ◽  
Development Paradigm ◽  
The Eu

The “Green Deal” of the European Union (EU) is a plan for decarbonizing the EU economy by 2050, structural changes in the European energy system, transforming the economy and stimulating efforts to combat climate change. But this new development paradigm will also have profound geopolitical consequences. This initiative will have a significant impact on changing the energy balance of the EU and global markets, on the countries exporting energy resources. European energy security will be exposed to new challenges and threats, which is likely to have a negative impact on the economy of a wide range of states.

The Southern Gas Corridor infrastructure project – implications for the energy security of the European Union

2019 ◽  
Vol 17 (4) ◽  
pp. 79-99
Author(s):  
Justyna Misiągiewicz
Keyword(s):  
European Union ◽  
Soviet Union ◽  
Energy Security ◽  
Energy System ◽  
Caspian Region ◽  
The European Union ◽  
Energy Field ◽  
Eu Member States ◽  
Infrastructure Project ◽  
The Eu

Nowadays, energy security is a growing concern in state foreignpolicy. Interdependency in the energy field is a very important dimensionof contemporary relations between states and transnational corporations.Energy security is becoming a key issue for the European Union (EU). TheUnion is one of the world’s fastest-growing energy markets and the biggestimporter of energy resources. For the foreseeable future, Europe’s energydependence will probably increase. Facing a shortage of energy, Europe isdependent on imports and the EU member states need to diversify their energysupplies. The Caspian region contains some of the largest undevelopedoil and gas reserves in the world. After the collapse of the Soviet Union, thenewly independent Caspian states became open to foreign investment. Thegrowing energy needs have given the EU a strong interest in developing tieswith energy-producing states in the Caspian region to build the necessarypipeline infrastructure. In this analysis, the pipeline infrastructure that exists orwill be built in the near future will be presented. The analysis will concentrateon routes transporting gas from the Caspian region and the most importantproblems and solutions in designing the midstream energy system in the region.The key aim of the article is to analyse the Southern Gas Corridor (SGC)infrastructure project, which will inevitably contribute to the EU’s energy securityinterest.

scholarly journals How to Reach the New Green Deal Targets: Analysing the Necessary Burden Sharing within the EU Using a Multi-Model Approach

Energies ◽  
2021 ◽  
Vol 14 (23) ◽  
pp. 7971
Author(s):  
Felix Kattelmann ◽  
Jonathan Siegle ◽  
Roland Cunha Montenegro ◽  
Vera Sehn ◽  
Markus Blesl ◽  
...  
Keyword(s):  
Emission Trading ◽  
Energy System ◽  
Burden Sharing ◽  
Total System ◽  
The European Union ◽  
System Perspective ◽  
Energy System Model ◽  
Eu Member States ◽  
Computational General Equilibrium ◽  
The Eu

The Green Deal of the European Union defines extremely ambitious climate targets for 2030 (−55% emissions compared to 1990) and 2050 (−100%), which go far beyond the current goals that the EU member states have agreed on thus far. The question of which sectors contribute how much has already been discussed, but is far from decided, while the question of which countries shoulder how much of the tightened reduction targets has hardly been discussed. We want to contribute significantly to answering these policy questions by analysing the necessary burden sharing within the EU from both an energy system and an overall macroeconomic perspective. For this purpose, we use the energy system model TIMES PanEU and the computational general equilibrium model NEWAGE. Our results show that excessively strong targets for the Emission Trading System (ETS) in 2030 are not system-optimal for achieving the 55% overall target, reductions should be made in such a way that an emissions budget ratio of 39 (ETS sector) to 61 (Non-ETS sector) results. Economically weaker regions would have to reduce their CO2 emissions until 2030 by up to 33% on top of the currently decided targets in the Effort Sharing Regulation, which leads to higher energy system costs as well as losses in gross domestic product (GDP). Depending on the policy scenario applied, GDP losses in the range of −0.79% and −1.95% relative to baseline can be found for single EU regions. In the long-term, an equally strict mitigation regime for all countries in 2050 is not optimal from a system perspective; total system costs would be higher by 1.5%. Instead, some countries should generate negative net emissions to compensate for non-mitigable residual emissions from other countries.

scholarly journals Governing education policy: the European Union and Australia

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Gosia Klatt ◽  
Marcella Milana
Keyword(s):  
European Union ◽  
Education Policy ◽  
Policy Instruments ◽  
Unintended Consequences ◽  
Data Generation ◽  
The European Union ◽  
Policy Goals ◽  
Modes Of Governance ◽  
The Eu

This paper considers the changing modes of governance of education policy in the European Union (EU) and Australia through a lens of ‘soft governance’. It considers the increased use of ‘policy instruments’ such as benchmarking, targets, monitoring, data-generation in policy-making in recent decades. It considers the roles these policy instruments play in coordinating education policy in the EU and Australia as well as their intended and unintended consequences. It shows that in the EU, these instruments played a role in strengthening the coordination through the links between individuals and programs, and networking, which is seen as resulting in enhanced creativity in policy solutions, development of new norms and new means for achieving policy goals. While in Australia it seems that the role of these instruments is focused on consolidating the role of the Commonwealth’s oversight and control over what constitutionally is a responsibility of States which adds to several policy tensions already existing in the federal coordination of education.

scholarly journals Assessing European capacity for geological storage of carbon dioxide–the EU GeoCapacity project

2009 ◽  
Vol 1 (1) ◽  
pp. 2663-2670 ◽  
Author(s):  
Thomas Vangkilde-Pedersen ◽  
Karen Lyng Anthonsen ◽  
Nikki Smith ◽  
Karen Kirk ◽  
Filip neele ◽  
...  
Keyword(s):  
Carbon Dioxide ◽  
Geological Storage ◽  
The Eu

scholarly journals Clean Energy Storage Workshop

Proceedings ◽  
2019 ◽  
Vol 20 (1) ◽  
pp. 20
Author(s):  
Ala-Juusela ◽  
Zupančič ◽  
Gubina ◽  
Tuerk
Keyword(s):  
Energy Systems ◽  
Clean Energy ◽  
Energy System ◽  
Renewable Energy System ◽  
Storage Solutions ◽  
Decentralized Energy Systems ◽  
Decentralized Energy ◽  
And Storage ◽  
Roll Out ◽  
Energy Package

The Clean Energy Package foresees a strong roll out of decentralized energy systems with renewable generation and storage. The STORY project has designed and tested six different storage solutions for a decentralized renewable energy system. In the workshop organised in the frame of SP19 conference, we highlighted some of the economic, social and technical barriers to storage in Europe and how these have been addressed.

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