EU climate and energy policy beyond 2020: are additional targets and instruments for renewables economically reasonable?

Abstract: The European Council has proposed to stick to a more ambitious GHG target but to scrap a binding RES target for the post-2020 period. This is in line with many existing assessments which demonstrate that additional RES policies impair the cost-effectiveness of addressing a single CO2 externality, and should therefore be abolished. Our analysis explores to what extent this reasoning holds in a secondbest setting with multiple externalities related to fossil and nuclear power generation and policy constraints. In this context, an additional RES policy may help to address externalities for which firstbest policy responses are not available. We use a fully integrated combination of two separate models the top-down, global macro-economic model E3MG and the bottom-up, global electricity sector model FTT:Power – to test this hypothesis. Our quantitative analysis confirms that pursuing an ambitious RES target may mitigate nuclear risks and at least partly also negative non-carbon externali

Object Details

• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource, 36 S.
• Language: Englisch
• Notes: Veröffentlichungsversion

References and Relationships

• Bibliographic citation: UFZ Discussion Papers ; Bd. 3/2014

Classification and Topics

• Classification: Natürliche Ressourcen, Energie und Umwelt

Contributors, Places and Time

• Event: Veröffentlichung
• (where): Leipzig
• (when): 2014
• Creator: Sijm, Jos ; Lehmann, Paul ; Chewpreecha, Unnada ; Gawel, Erik ; Mercure, Jean-Francois ; Pollitt, Hector ; Strunz, Sebastian
• Contributor: Helmholtz-Zentrum für Umweltforschung - UFZ

Further information

• URN: urn:nbn:de:0168-ssoar-408282
• Rights: Open Access; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 25.03.2025, 1:45 PM CET