As decarbonization and climate policy are gaining relevance in the European Union (EU) energy policy, the present paper … seeks to present both priorities and challenges for of the EU energy transition. As priorities, we outline the key targets … and initiatives proposed and set by the European institutions in relation to the energy matters. The EU identifies …

gradual but steady approximation progress to the EU environmental legislation. Previous research established an important role … of the participation of economic and societal stakeholders in the decision-making and implementation process based on EU … established during the EU accession process and represent a challenge and a potential backsliding in the implementation of the EU …

Given that the carbon price in the EU Emissions Trading System is only around 5€/tCO2 while consensus about a more … stringent EU climate policy is very unlikely in the near future, we explore the potential scope and optimal design of additional … national climate policies in the current EU policy framework. In particular, we suggest to implement a type of carbon price …

substitutes within the EU Emissions Trading System (EU ETS) for CO2. Firms therefore had a strong incentive to use the cheaper …-related transaction costs, this study examines the use of international offset credits in the EU ETS. It establishes a model of firm … participation in the EU ETS in general, rather than additional participation in the offset trade. …