EU Policy

Exclusive – Klaus Shäfer, CEO Uniper: “Security of supply is too important to leave to the market”

Klaus Schäfer-slider

The market on its own cannot be relied upon to deliver secure electricity and gas supplies, says Klaus Schäfer, CEO of Eon-spin-off Uniper, in an exclusive interview with Energy Post. According to Schäfer, it will become “dramatically more difficult” to balance the power market as the share of renewables increases. He also sees the gas market becoming “more and more complex” and argues policymakers should establish minimum requirements for gas … [Read more...]

Energy Union: Delivery pending

Maroš Šefčovič Vice-President of the EC in charge of Energy Union (photo Europe by Satellite)

Electricity market design, renewable energies, energy efficiency – the EU Commission’s recent “Winter Package” touches upon some of the core themes of the envisioned “Energy Union”. But finding  agreement on all these dossiers will be difficult in this politically turbulent year, writes Severin Fischer of the Center for Security Studies (CSS) at ETH Zurich. According to Fischer, five aspects deserve closer attention. Courtesy Policy Perspectives. … [Read more...]

MEPs will fight Brexit deal that lets the UK become an offshore pollution haven

photo London Green Party

The European Parliament has indicated it will not accept a Brexit deal that will let the UK have lower environmental standards than the EU, writes Charlotte Burns (@EUrefEnv), Senior Lecturer Environmental Policy at the University of York. If only because this would put EU manufacturers and farmers at a competitive disadvantage. Courtesy of The Conversation. … [Read more...]

Can emissions trading produce adequate carbon prices? That’s the question

Emission trading: not taking off

Prices under emissions trading schemes have been low, unlike some carbon taxes. This undermines confidence in this key climate instrument, writes energy and climate change economist Adam Whitmore. The EU should take the lead in demonstrating that emissions trading can work, or climate change efforts will suffer. … [Read more...]

Emissions trading: Time to make it work

World Bank Group President Jim Yong Kim at a post-Paris conference (photo World Bank)

There is broad consensus that carbon pricing should be one of the key measures to deal with global warming, yet there has been no effective emission trading scheme anywhere in the world, writes Stig Schjolset, who this week is leaving his job as head of carbon analysis at Thomson Reuters Point Carbon to become special advisor on climate policy and green growth to the Norwegian government. According to Schjolset this is not because there is … [Read more...]

What a CO2 price floor can (and cannot) do for German climate goals

photo Luc van Braekel-slider

Germany can meet its climate goals for the energy sector if it introduces a CO2-price floor of between €50 and €75 per ton, write Fabian Huneke, Carlos Perez Linkenheil and Simon Göß from the Berlin-based independent energy market specialist Energy Brainpool. However, if neighbouring countries don’t take similar measures, more than half of the reduced CO2- emissions will be shifted abroad, note the authors. As long as power markets are … [Read more...]

Gazprom plays ball: the depoliticization of the European gas market

Alexei Miller CEO Gazprom photo PortalPE10-slider

Gazprom’s gas supplies to Europe and Turkey reached an all-time record in 2016. This might suggest Europe is becoming more dependent on Gazprom, but according to Danila Bochkarev, Senior Fellow at the EastWest Institute, the Russian company gained market share by playing by the rules of the market. The European gas market is finally becoming depoliticized. … [Read more...]