Agenda 2030 and the EU on affordable and clean energy

2020 ◽  
pp. 133-149
Author(s):  
Henry Kiragu Wambuii
Keyword(s):  
Clean Energy ◽  
Agenda 2030 ◽  
The Eu

scholarly journals Energy Policies at Crossroads − Will Europe's 2030 targets and framework be in line with the Paris Climate Agreement?

2019 ◽  
Vol 4 ◽  
pp. 4
Author(s):  
Rainer Hinrichs-Rahlwes
Keyword(s):  
Energy Efficiency ◽  
Clean Energy ◽  
European Parliament ◽  
New Governance ◽  
Energy Policies ◽  
Governance System ◽  
Regulatory Frameworks ◽  
Legislative Proposals ◽  
Paris Climate Agreement ◽  
The Eu

In November 2016, the European Commission presented the Clean-Energy-for-all-Europeans Package. It consists of eight legislative proposals which should define targets and policy and regulatory frameworks for the EU's climate and energy policies up to 2030 and beyond. Recasts of the existing Renewable Energies Directive and the Energy Efficiency Directive, as well as proposals for a new energy market design, which should be fit for renewables, are among the key elements of the package, which aims at replacing the existing 2020-framework. The package includes 2030-targets for Greenhouse Gas Reduction (at least 40%), Energy Efficiency (at least 27/30%), and the share of Renewables in Gross Final Energy Consumption (at least 27%). In contrast to the 2020-framework, the EU-wide renewables-target would no longer be underpinned by binding national targets but should be reached in a joint effort with a new governance system. Since the proposal was submitted to the European Parliament and the European Council for the legislative procedures which must end in an agreement before the next elections for the European Parliament in 2019, controversial debates are taking place. The intention is to finalise the legal procedures before the end of 2018. Parliament and Council had planned to decide about their respective opinions about the various pieces by February 2018. Afterwards, probably not finished before the end of 2018, compromise negations will take place, before the whole package will eventually be accepted by both bodies. Among the most controversially discussed topics is the ambition level of the proposals and whether or not it is in line with the commitments signed by the EU and all its Member States in the context of the Paris Agreement. Industry stakeholders not only from the renewable energy sector and environmental NGOs have proposed significantly higher targets in order to stay “well below 2 °C” of global warming before the end of the century. They also suggested continuing binding national targets or − as a compromise − enacting a very strict governance system. I shall present and evaluate the state of play of the 2030-framework decision process. And I shall end with some policy recommendation still to be considered in the ongoing debate.

scholarly journals Co-Movements between Eu Ets and the Energy Markets: A Var-Dcc-Garch Approach

Mathematics ◽  
2021 ◽  
Vol 9 (15) ◽  
pp. 1787
Author(s):  
Pilar Gargallo ◽  
Luis Lample ◽  
Jesús A. Miguel ◽  
Manuel Salvador
Keyword(s):  
Fossil Fuels ◽  
Spillover Effect ◽  
Warning System ◽  
Energy Transition ◽  
Clean Energy ◽  
Stock Index ◽  
Phase Iii ◽  
Response Analysis ◽  
Eu Ets ◽  
The Eu

This paper analyzes the co-movements of prices of fossil fuels, energy stock markets and EU allowances. This analysis is conducted in order to identify the spillover effect of volatility and correlation among these financial markets, and to provide a scientific basis that shows the interest of incorporating sustainable assets in the design of minimum risk strategies of investment. To achieve this goal, we have used a Vector Autoregressive-Dynamic Conditional Correlation-Generalized Autoregressive Conditional Heteroscedasticity (VAR-DCC-GARCH) model that also incorporates a stock index of industrial companies as a leading indicator of the level of economic activity. In addition, the paper conducts an impulse response analysis to determine how unexpected shocks to prices are propagated along time, and, in particular, how they affect prices of the others, both in mean, variance and correlation. Therefore, the results of this one- and two-dimensional analysis allow for the study of short and long run dynamics of the relationship among those prices, thus, providing greater meaning and information for investors, which has implications for building their portfolios. The analyzed period was from January 2010 to February 2021, so that the data include half of phase II, full phase III and the onset of phase IV of the EU ETS, as well as the COVID-19 outbreak in the European context. We also analyzed whether the EUA price impulses the demand of clean energy stocks, which has important implications for the objective of triggering the investment in clean energy. Our results show the transmission mechanism of all of those prices, which are relevant not only for investors but also for policymakers to construct an early-warning system, revealing the most important transmission channels. Moreover, from an investment viewpoint, we observe a decline in dirty energies and a rise in the clean energy market, which might be an indication of the progress towards the energy transition to renewables sources within a circular economy perspective. Therefore, this shows that the EU ETS is achieving its goals, and that clean energy companies, aligned with their role towards socially responsible initiatives, are also gaining acceptance in terms of investments, which would be beneficial for the environment.

scholarly journals Confronting Energy Poverty in Europe: A Research and Policy Agenda

Energies ◽  
2021 ◽  
Vol 14 (4) ◽  
pp. 858
Author(s):  
Stefan Bouzarovski ◽  
Harriet Thomson ◽  
Marine Cornelis
Keyword(s):  
Decision Making ◽  
Clean Energy ◽  
Policy Agenda ◽  
The European Union ◽  
Energy Poverty ◽  
Global Context ◽  
Multiple Strategies ◽  
Starting Point ◽  
Research And Policy ◽  
The Eu

This paper scrutinizes existing policy efforts to address energy poverty at the governance scale of the European Union (EU) and its constituent Member States. Our main starting point is the recent expansion of energy poverty policies at the EU level, fuelled by the regulatory provisions of the Clean Energy for all Europeans Package, as well as the establishment of an EU Energy Poverty Observatory. Aided by a systematic and customized methodology, we survey the extensive scientific body of work that has recently been published on the topic, as well as the multiple strategies and measures to address energy poverty that have been formulated across the EU. This includes the principal mitigation approaches adopted by key European and national institutions. We develop a framework to judge the distributional and procedural justice provisions within the recently adopted National Energy and Climate Plans, as an indicator of the power, ability and resolve of relevant institutions to combat the causes and consequences of energy injustice. We also provide a research and policy agenda for future action, highlighting a series of scientific and decision-making challenges in the European and global context.

scholarly journals French Energy Sector in Search for Optimal Model

2019 ◽  
Vol 12 (5) ◽  
pp. 156-171
Author(s):  
A. V. Zimakov
Keyword(s):  
Power Generation ◽  
Nuclear Power ◽  
Nuclear Reactors ◽  
Current Model ◽  
Energy Transition ◽  
Clean Energy ◽  
Green Energy ◽  
Electricity Production ◽  
Low Carbon ◽  
The Eu

Clean energy transition is one of major transformation processes in the EU. There are different approaches among EU countries to decarbonization of their energy systems. The article deals with clean energy transition in France with the emphasis on power generation. While this transformation process is in line with similar developments in the EU, the Franch case has its distinct nature due to nuclear power domination in electricity production there. It represents a challenge for the current model as the transition is linked to a sharp drop of nuclear share in the power mix. It is important to understand the trajectory of further clean energy transition in France and its ultimate model. The article reviews the historical roots of the current model (which stems from Messmer plan of the 1970-es) and its development over years, as well as assesses its drawbacks and merits in order to outline possible future prospects. The conclusion is that the desired reduction of nuclear energy is linked not solely to greening process but has a complex of reasons, the ageing of nuclear reactors being one of them. Nuclear power remains an important low-carbon technology allowing France to achieve carbon neutrality by 2050. A desired future energy model in France can be understood based on the analysis of new legislation and government action plans. The targeted model is expected to balance of nuclear and green energy in the generation mix in 50% to 40% proportion by 2035, with the rest left to gas power generation. Being pragmatic, French government aims at partial nuclear reactors shut down provided that this will not lead to the rise of GHG emissions, energy market distortions, or electricity price hikes. The balanced French model is believed to be a softer and socially comfortable option of low-carbon model.

Outlook of the EU energy system up to 2050: The case of scenarios prepared for European Commission's “clean energy for all Europeans” package using the PRIMES model

2018 ◽  
Vol 22 ◽  
pp. 255-263 ◽  
Author(s):  
Pantelis Capros ◽  
Maria Kannavou ◽  
Stavroula Evangelopoulou ◽  
Apostolos Petropoulos ◽  
Pelopidas Siskos ◽  
...  
Keyword(s):  
Clean Energy ◽  
Energy System ◽  
The Eu

EMODnet Chemistry new and consolidated large scale cooperation actions for 2020 and beyond

2021 ◽  
Author(s):  
Alessandra Giorgetti ◽  
Chiara Altobelli ◽  
François Galgani ◽  
Georg Hanke ◽  
Neil Holdsworth ◽  
...  
Keyword(s):  
Data Sets ◽  
Marine Research ◽  
Marine Litter ◽  
Agenda 2030 ◽  
Data Portal ◽  
Beach Litter ◽  
Oceanographic Data ◽  
Marine Data ◽  
The Eu

<p>EMODnet Chemistry is one of the seven thematic portals of EMODnet (European Marine Observation and Data Network), the long-term initiative aiming to ensure that European marine data are findable, accessible, interoperable and re-usable. EMODnet was launched by DG MARE in 2009 as the pillar of the Blue Growth strategy, Marine Knowledge 2020.</p><p>Eutrophication (e.g. nutrients, oxygen and chlorophyll), contaminants (e.g. hydrocarbons, pesticides, heavy metals, antifoulants) and marine litter (e.g. beach litter, seafloor litter and floating micro litter) are the main categories of quality assured marine data sets and data products made available through the EMODnet Chemistry portal.</p><p>45 marine research and monitoring institutes and oceanographic data management experts from 30 countries comprise the EMODnet Chemistry network, including National Oceanographic Data Centres (NODC), National Environmental Monitoring Agencies and Marine Research Institutes actively involved in managing, processing and providing access to data sets from European marine waters and global oceans.</p><p>During 2020 EMODnet Chemistry consolidated fundamental international collaborations and upgraded cooperation actions on the European and global level to share and harmonize data, knowledge and services, following decision-makers’ needs to implement EU directives, such as MSFD, MSPD, INSPIRE directive, and the Agenda 2030 Sustainable Development Goals of the United Nations</p><p>Main EMODnet Chemistry 2020 transnational cooperation actions are:</p><ul><li>The MSFD Technical Group on Marine Litter used the EMODnet Chemistry Marine Litter Database to compute the EU beach litter quantitative Baselines and Threshold values.</li> <li>The European Environment Agency confirmed the use of EMODnet Chemistry data for three environmental state indicators relating to eutrophication and contaminants.</li> <li>Mercator Ocean International and EMODnet Chemistry set up the first joint portfolio of products in support of the MSFD implementation. The two partners are also exploring opportunities to support the aquaculture sector.</li> <li>EMODnet -Chemistry and the In Situ Thematic Assembly Centre of the Copernicus Marine Environment Monitoring Service (CMEMS INSTAC) collaborated with ENVRI Marine European Research Infrastructures (Euro-Argo, EMSO, ICOS, Lifewatch and SeaDataNet) to enhance FAIRness of in situ data.</li> <li>Mercator Ocean international, UNDESA, SULITEST NGO and EMODnet Chemistry have been creating an awareness questionnaire to raise awareness on the Goal 14 of the UN Agenda 2030 for Sustainable Development.</li> <li>The EU asked EMODnet Chemistry to share its experience at the G20 workshop on harmonized monitoring and data compilation of marine plastic litter organized by the Ministry of the Environment, Japan.</li> <li>The international Oxygen data portal and Ocean Acidification data portal received contributions from EMODnet Chemistry and CMEMS in situ TAC for their implementation.</li> <li>The National Marine Data and Information Service of China collaborates with EMODnet to strengthen international ocean data through the EMOD-PACE project.</li> </ul>

scholarly journals Adoption and Implementation of Sustainable Development Goals (SDGs) in China—Agenda 2030

2020 ◽  
Vol 12 (15) ◽  
pp. 6288 ◽  
Author(s):  
Siming Yu ◽  
Muhammad Safdar Sial ◽  
Dang Khoa Tran ◽  
Alina Badulescu ◽  
Phung Anh Thu ◽  
...  
Keyword(s):  
Stock Exchange ◽  
Clean Energy ◽  
Working Environment ◽  
Infrastructure Development ◽  
Corporate Disclosure ◽  
Agenda 2030 ◽  
Chinese Companies ◽  
Adoption And Implementation ◽  
Development Goals ◽  
The Given

The present research is conducted on the Chinese corporate sector and raises the basic questions associated with the adoption and implementation of corporate disclosure practices such as SDGs. The sample for this research consisted of 100 Chinese companies, which are listed in the Shanghai Stock Exchange from 2016 to 2018. For this purpose, content analysis is developed. More specifically, a quantitative approach is applied to quantify and identify certain contents or words in the given text. Our results show that Chinese companies seem to be more focused on certain aspects of the UN SDGs at the cost of others, but the overall situation is, at best, not encouraging. The focus of attention of Chinese companies seems to be infrastructure development, industrial innovation, and economic growth, along with the provision of a dignified and respectable working environment, affordable and clean energy, and peace, justice, and strong institutions. The results can be used as guidelines by Chinese companies to determine the actual presence or absence of SDGs implementation inside the process of value creation as an integral part of their practices about corporate disclosure. The main contribution of this research relates to the analysis of the adoption and implementation efforts to report SDGs and the contribution of such reporting towards the fulfillment of the UN Agenda 2030. This can be of interest to researchers working on the given topic. It is of utmost importance for government policymakers and corporate decision-makers, who want to support companies that are contributing towards the achievement and adaptation of SDGs as part of their overall objectives.

scholarly journals An AHPSort II Based Analysis of the Inequality Reduction within European Union

Mathematics ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 646
Author(s):  
Álvaro Labella ◽  
Juan Carlos Rodríguez-Cohard ◽  
José Domingo Sánchez-Martínez ◽  
Luis Martínez
Keyword(s):  
European Union ◽  
The European Union ◽  
Discussion Section ◽  
Academic Literature ◽  
Eu Countries ◽  
Agenda 2030 ◽  
Novel Approach ◽  
Proper Analysis ◽  
The Eu

Nowadays, sustainability is an omnipresent concept in our society, which encompasses several challenges related to poverty, inequality, climate change and so on. The United Nations adopted the Agenda 2030, a plan of action formed of universal Sustainable Developments Goals (SDGs) and targets, which countries have to face in order to shift the world toward a sustainable future. One of the most relevant SDGs since the onset of the financial crisis in 2007 has been the so-called reduced inequalities, which consists of dealing with the inequality of opportunities and wealth between and within countries. However, reducing inequalities depends on many heterogeneous aspects, making it difficult to make a proper analysis that evaluates the European Union (EU) countries performance of this goal. In this study, we introduce a novel approach to evaluate the inequalities in EU countries based on a sorting a multi-criteria decision-making method called AHPSort II. This approach allows to obtain a classification of the EU countries according to their achievements in reducing inequalities to subsequently carry out a deep performance analysis with the aim of drawing conclusions as to the evolution of inequality in them along the years. The results are consistent with the main international organizations’ reports and academic literature, as shown in the Discussion Section.

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