The impact of international GHG trading regimes on penetration of new energy technologies and feasibility to implement EU Energy and Climate Package targets

Research output: Contribution to journalArticle

20 Citations (Scopus)

Abstract

The EU's new energy and environment policy - agreed by government leaders in their Council meeting in March 2007 - established a political agenda to tackle three core energy objectives: sustainability, economic competitiveness and security of supply. A triad of specific policies addresses these challenges: first, the 20/20/20 targets of the EU; then, the Second Strategic Energy Review of the European Commission; and finally, plans to liberalise energy markets. The European Union's '20/20/20′ targets for 2020: reduce greenhouse gas emissions by 20% comparing with 1990 level (to become a 30% reduction if other major global economies join), increase the share of renewables in the final energy consumption to 20% and to achieve 20% improvement in energy efficiency compared to the level in 2020 if existing trends were to continue. The aim of the paper is to analyse the feasibility of EU to implement 20/20/20 targets under the various international GHG trading regimes. GHG trading regimes were addressed by developing 10 energy scenarios until 2020 for EU by applying several energy modelling tools ranging from top down partial equilibrium to detailed technology based bottom up models.

Original languageEnglish
Pages (from-to)2172-2177
Number of pages6
JournalRenewable and Sustainable Energy Reviews
Volume16
Issue number4
DOIs
Publication statusPublished - May 2012
Externally publishedYes

    Fingerprint

Keywords

  • Energy scenarios
  • EU Energy and Climate Package
  • GHG emission trading

ASJC Scopus subject areas

  • Renewable Energy, Sustainability and the Environment

Cite this