I estimate the cost of meeting the EU 2030 targets for greenhouse gas emission reduction, using statistical emulators of ten alternative models. Assuming a first-best policy implementation, I find that total and marginal costs are modest. The statistical emulators allow me to compute the risk...

This article examines the recent changes of three central EU climate and energy policies: the revised Emissions Trading Directive (ETS); the Renewables Directive (RES); and internal energy market (IEM) policy. An increasing transference of competence to EU level institutions, and hence...

Cooperation and trust between Russia and the European Union (EU), two of the most important international actors, have reached the lowest level since the Cold War. The main bone of contention has been the future of countries situated in Eastern Europe, in the so-called...

The Eastern Mediterranean region is rapidly changing. The turbolent political transition in Egypt after the Arab Spring, the civil war in Syria, the emergence of Turkey as leading regional power, the tensions between Israel and Gaza and the never-ending dispute between Turkey and the Republic of...

The Eastern Mediterranean region is rapidly changing. The turbolent political transition in Egypt after the Arab Spring, the civil war in Syria, the emergence of Turkey as leading regional power, the tensions between Israel and Gaza and the never-ending dispute between Turkey and the Republic of...

With policies to promote power generation from renewable energy sources (RES) becoming important part of climate and energy policy worldwide, there is now considerable interest in understanding how these different market-based mechanisms affect power generating firms in practice. The existing...

The increasing renewable source usage and energy efficiency enhancement represent the key aims of the energy sector's development in EU countries. The purpose of their implementation is at the same time the creation of the renewable sources concept as a new development paradigm.Thus, this points...

The increasing renewable source usage and energy efficiency enhancement represent the key aims of the energy sector's development in EU countries. The purpose of their implementation is at the same time the creation of the renewable sources concept as a new development paradigm.Thus, this points...

This paper studies the change in Energy Intensity (<i>EI</i>) of the main economic activities in the EU15 countries, which represents approximately 45% of their final energy consumption. The purpose is, first, to measure the different patterns between the countries by establishing differentiated...

Using a cross-country firm-level dataset this study empirically analyses how the implemented renewable electricity promotion systems – Tradable Green Certificates vs. Feed-in-Tariffs – affected the profitability of the electricity production sector in Europe during the 2002–2010 period. In...