This article examines the use of environmental economics at the European Commission in recent policy making concerning climate change, energy, and air pollution. In particular, we describe economic analysis of policy options designed to help the European Union (EU) to achieve its objective of...

The original assessment of the EU’s climate and energy package estimated that the cost would be between 0.45% and 0.61% of GDP in 2020 in order to achieve a 20% GHG reduction and a 20% renewables target. This paper will revisit the impacts of this climate and energy package. It will discuss a...

The original assessment of the EU’s climate and energy package estimated that the cost would be between 0.45% and 0.61% of GDP in 2020 in order to achieve a 20% GHG reduction and a 20% renewables target. This paper will revisit the impacts of this climate and energy package. It will...

The original assessment of the EU’s climate and energy package estimated that the cost would be between 0.45% and 0.61% of GDP in 2020 in order to achieve a 20% GHG reduction and a 20% renewables target. This paper will revisit the impacts of this climate and energy package. It will discuss a...

The problem of reducing SO2 emissions in Europe is considered. The costs of reduction are assumed to be uncertain and are modeled by a set of possible scenarios. A mean-variance model of the problem is formulated and a specialized computational procedure is developed. The approach is applied to...

This study explores the concept of new energy infrastructures (in particular gas pipelines) in Eurasia and discusses its implications on future energy systems, gas trade, and the environment. Overall resource availability is not expected to be a real constraint in meeting growing energy demand...