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Building a Consistent European Climate-Energy Policy

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Abstract

The European Union (EU) has built over the past two decades a leadership position in the fight against climate change. However, despite significant progress made on greenhouse gasemissions reduction during this period, the effectiveness of piloting climate and energy policy at the EU level remains questionable. In this chapter, we strive to identify what role the EU can play to be most effective in fostering the implementation of ambitious energy transition policies. First, most energy transition-related projects are best managed at the local or national level, making the European level better equipped to act as a fundraiser or a pilot of transnational energy and transportation network infrastructures. This is highlighted by an analysis of the projects financed by the European Fund for Strategic Investments.

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Notes

  1. 1.

    http://ec.europa.eu/eurostat/statistics-explained/index.php/Greenhouse_gas_emission_statistics.

  2. 2.

    http://ec.europa.eu/budget/mff/figures/index_en.cfm.

    http://ec.europa.eu/regional_policy/cs/policy/evaluations/data-for-research/.

  3. 3.

    https://www.euractiv.com/section/future-eu/news/commissions-realistic-budget-criticised-by-member-states/?utm_term=Autofeed&utm_campaign=Echobox&utm_medium=Social&utm_source=Twitter#link_time=1525276571.

  4. 4.

    https://ec.europa.eu/energy/en/topics/energy-strategy-and-energy-union/clean-energy-all-europeans.

  5. 5.

    https://ec.europa.eu/info/consultations/evaluation-eu-framework-taxation-energy-products-and-electricity_en.

  6. 6.

    Similarly, the combined production share of United States and Japan, which represented 70% of the world production in 2001, was less than 10% in 2015.

  7. 7.

    Mainly through 50% corporate tax reduction and loan facilities.

  8. 8.

    Asia, excluding China and India, is the second region with $2.4 billion R&D investments.

  9. 9.

    In the fields of Transports, Carbon capture and Smart grids, this share rose even up to around 40%.

  10. 10.

    High-valuable patents are defined as those that have a patent protection in at least two jurisdictions.

  11. 11.

    The economic literature often refers to the concept of “valley of death” to describe the timespan between the initial research and the commercialization a product which can lead to business failures because first movers are not adequately capitalized.

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Correspondence to Aurélien Saussay .

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Saussay, A., Malliet, P., Landa Rivera, G., Reynès, F. (2018). Building a Consistent European Climate-Energy Policy. In: Creel, J., Laurent, É., Le Cacheux, J. (eds) Report on the State of the European Union. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-98364-6_11

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  • DOI: https://doi.org/10.1007/978-3-319-98364-6_11

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-98363-9

  • Online ISBN: 978-3-319-98364-6

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