In the last decade, energy systems transformation has become the new and unheralded frontier of European deepening. Starting in 1996, the European Union mandated the liberalization and integration of national energy systems, put a price on greenhouse gas emissions from electricity generation, established binding targets for renewable energy adoption, mandated the breakup of state energy monopolies, and sponsored the creation of EU-level regulatory and standards-setting bodies for energy infrastructure and markets. Most recently, the Europe 2020 program has established enforceable goals for the integration, liberalization, and decarbonization of the European electricity supply system, and ambitious but aspirational targets in energy efficiency.
Topic:
Climate Change, Energy Policy, Markets, and Infrastructure
There are compelling and varied arguments for moving to low-carbon, high-efficiency energy systems. Reducing emissions to limit or avoid climate change leads the public debate, but reduced dependence on imported energy, avoidance of conflicts over energy resources, and the rising price of fossil fuels also motivate action. Nevertheless, the potential cost and difficulty of making the transition to a new energy system have generated substantial opposition from entrenched economic interests and consumers alike.
Topic:
Climate Change, Economics, Energy Policy, and Markets