New EPRG Policy Brief on EU 2030 energy and climate proposals

For full text of the EPRG Policy Brief: http://www.eprg.group.cam.ac.uk/wp-content/uploads/2014/10/EPRG-Policy-Brief-22-Oct-14.pdf

‘Nothing is being done’ to explicitly encourage emissions cut by China and America’

 22 October 2014

 

The 2030 framework on climate change and energy policy being debated at a European Union summit this week has a “glaring omission” by failing to link EU policy to emissions reduction by China and the U.S., say energy academics at the University of Cambridge.

 

International climate negotiations in Paris in late 2015 may mark a defining moment in climate change policy, so the EU framework’s failure to link to such talks represents a serious shortcoming, says the Energy Policy Research Group (EPRG), comprised of academics from Cambridge Judge Business School and the Faculty of Economics at Cambridge University.

 

“More needs to be done to ensure an adequate, credible and durable carbon price, address carbon leakage and encourage other major emitters to act,” the EPRG said in a policy brief issued this week in advance of the EU summit.

 

“Going into major international climate negotiations in Paris in late 2015, nothing is being done to explicitly encourage actions by other major emitters.”

 

While the 2030 European framework is an “important step” in placing greenhouse gas emissions at the centre of European policy, the EPRG policy brief makes five key recommendations: (i) reform the EU emissions trading system, (ii) add more interconnectors between countries, (iii) coordinate national efforts to ensure there is sufficient electricity generation capacity; (iv) invest more in research into immature low-carbon technologies; and (v) address competitiveness concerns arising from unilateral action on reducing emissions.

 

The Cambridge academics said the failure to link the EU framework to reductions by other major emitters represents a missed opportunity.

“Whereas in the previous 2020 energy and climate package the EU explicitly linked tougher action on emissions reductions to the actions of others, this is a glaring omission in the current proposal,” says David Reiner, assistant director of EPRG and University Senior Lecturer in Technology Policy at Cambridge Judge Business School.

The policy brief says: “China and the U.S, the two largest emitters, are currently experimenting with local carbon markets and adopting domestic regulatory measures, but in both countries (and the EU) there are concerns about impacts on competitiveness, so the possibility of more aggressive reductions should be explicitly tied to progress in the major economies.”

 

 

 

EPRG 1417

A. Haarscher, M. Bruner, J. Doblas, A. Fargere, S.F. Ashley, W.J. Nuttall The Japanese Electricity System 15 months After March 11th 2011 EPRG 1417 | Abstract | NTS | PDF

EPRG 1416

Xiaoping He and David Reiner Electricity Demand and Basic Needs: Empirical Evidence from China’s Households EPRG 1416 | Abstract | NTS | PDF

Labour Conference 2014 | Will a price freeze destroy the energy market?–Michael Pollitt

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Ukraine’s energy brinkmanship: Chi Kong Chyong and Pierre Noël

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The Regulaytor’s Tale

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Opportunity–EPRG Research Assistant (Fixed Term)

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EPRG 1415

Stephen Littlechild Promoting or restricting competition?: Regulation of the UK retail residential energy market since 2008 EPRG 1415 | Abstract | PDF

EPRG 1414

Pär Holmberg Pro-competitive rationing in multi-unit auctions EPRG 1414 | Abstract | NTS |  PDF

GB Energy Market Structure

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EPRG 1413

Tooraj Jamasb and Rabindra Nepal Incentive Regulation and Utility Benchmarking for Electricity Network Security EPRG 1413 | Abstract | NTS |  PDF

EPRG 1412

David Newbery and Michael Grubb The Final Hurdle?: Security of supply, the Capacity Mechanism and the role of interconnectors EPRG 1412 | Abstract | NTS |  PDF

EPRG 1411

Wenche Tobiasson and Tooraj Jamasb Sustainable Electricity Grid Development and the Public: An Economic Approach EPRG 1411 | Abstract | NTS |  PDF

2014 EPRG/CEEPR Annual Conference, 2-3 July, Madrid

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The Cost Effectiveness of Renewable Energy Support Schemes in the European Union

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EPRG 1410

Xi Liang, Hengwei Liu, and David Reiner Strategies for Financing Large-scale Carbon Capture and Storage Power Plants in China EPRG 1410 | Abstract | NTS |  PDF

Decarbonising the UK’s energy mix and meeting emission targets

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Laura-Lucia Richter wins Student Poster Session prize at the IAEE International Conference in New York City 15-18 June 2014

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EPRG 1409

Marc Ozawa Trust and European-Russian Energy Cooperation: The Case of Oil and Gas Partnerships and Long-term Contracts EPRG 1409 | Abstract | NTS |  PDF

EPRG 1408

Musiliu O. Oseni and Michael Pollitt Institutional arrangements for the promotion of regional integration of electricity markets: International Experience EPRG 1408 | Abstract  |  PDF

Ukraine and Security of Gas Supplies to Europe

Chi Kong Chyong Ukraine and Security of Gas Supplies to Europe Presented at the 2014 EPRG-CEEPR Annual Conference, Madrid 2 July 2014 | PDF

Report of the Panel of Technical Experts, of which David Newbery is a member

Available here, you may also download the PDF

There is a problem in the UK’s energy market – but it’s the regulator’s fault–A.M. article by Stephen Littlechild

Stephen Littlechild There is a problem in the UK’s energy market – but it’s the regulator’s fault City A.M., 1 July 2014 | Article

What future(s) for liberalized electricity markets?

David Newbery What future(s) for liberalized electricity markets? Presented at the Energy Industry at a Crossroads, Toulouse 5th, June 2014 | PDF

The European Utility Model for a low-carbon future

David Newbery The European Utility Model for a low-carbon future Presented at the IAEE International Conference, New York 16th, June 2014 | PDF

IAEE New York Student Mentoring Event: David Newbery?

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EPRG Workshop on Distributed Generation and Smart Connections, 6 June, 2014

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2014 Spring Seminar

EPRG is pleased to announce our successful 2014 Spring Seminar with FTI Consulting and Compass Lexecon.  EPRG hosted delegates to a dinner at Churchill College on the 15th of May followed by a full-day seminar at Memorial Court, Clare College.   Please click here to view the presentations from the seminar.

Subsidies in the UK Electricity Sector until 2020

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Contracting with Government for low carbon technologies: Designing the Visible Hand

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CERRE Regulation Dossier Energy & electricity

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Progress on market reform: EMR, the I-SEM and the TEM

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Laura-Lucia Richter receives one-year Junior Fellowship Research Award from the Secretary General of the Royal Economic Society

 

EPRG 1407

Raphael J. Heffron and William J. Nuttall Scotland, Nuclear Energy Policy and Independence EPRG 1407 | Abstract  | NTS | PDF

RPI-X, competition as a rivalrous discovery process, and customer engagement

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EPRG 1406

Stephen Littlechild The competition assessment framework for the retail energy sector: some concerns about the proposed interpretation EPRG 1406 | Abstract  | PDF

Energy, Politics and the Consumer: British Academy, 3 April 2014

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Explanatory Statement on the Regulatory Conduct Authority’s Occasional Paper 1

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Sorry Ofgem: Why simpler energy tariffs are not in consumers’ interests–City A.M. article by Stephen Littlechild

click here to read the full article.

Professor Stephen Littlechild, EPRG Research Associate, contributes to the first working paper of the Regulatory Conduct Authority (RCA).

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LNG Pricing Worldwide and Gas Markets Reform

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EPRG 1405

Tooraj Jamasb and Rabindra Nepal Issues and Options in the Economic Regulation of European Network Security EPRG 1405 | Abstract  |  Non-Technical Summary | PDF

UK Renewables Demonstration Projects: Who Pulls the Plug?

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EPRG 1404

Karim L. Anaya and Michael G. Pollitt Does Weather Have an Impact on Electricity Distribution Efficiency? Evidence from South America EPRG 1404 | Abstract  |  Non-Technical Summary | PDF

Trust and European-Russian Energy Relations – The Case of Oil and Gas Partnerships and Long Term Contracts

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Planetary Economics Book Launch, 10th March 2014,

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DG COMP reviews the State Aid application by Hinkley Point C, Associate Research Richard Green provides the analytic underpinning

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EPRG 1403

Jorge E. Galán and Michael G. Pollitt Inefficiency persistence and heterogeneity in Colombian electricity distribution utilities EPRG 1403 | Abstract  |  Non-Technical Summary | PDF

EPRG 1402

Rahmatallah Poudineh, Grigorios Emvalomatis, and Tooraj Jamasb Dynamic Efficiency and Incentive Regulation: An Application to Electricity Distribution Networks EPRG 1402 | Abstract  |  Non-Technical Summary | PDF

EPRG 1401

Pär Holmberg and Andy Philpott Supply function equilibria in transportation networks EPRG 1401 | Abstract  |  Non-Technical Summary | PDF

EPRG-DG ENER Workshop 9-10 January, 2014

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EPRG 1334

Claire M. Weiller, Michael G. Pollitt Platform markets and energy services EPRG 1334  Abstract | Non-Technical Summary | PDF

2013 EPRG Winter Seminar

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EPRG 1333

Nadia Chernenko Market power issues in the reformed Russian electricity supply industry EPRG1333 Abstract | Non-Technical Summary | PDF

Annex E: EMR Panel of Technical Experts, Final Report for DECC

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EPRG1332

Laura-Lucia Richter Social Effects in the Diffusion of Solar Photovoltaic Technology in the UK EPRG1332 Abstract | Non-Technical Summary | PDF

EPRG1331

Rahmatallah Poudineh and Tooraj Jamasb Distributed Generation, Storage, Demand Response, and Energy Efficiency as Alternatives to Grid Capacity Enhancement EPRG 1331  Abstract | Non-Technical Summary | PDF

EPRG 1329

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EPRG 1328

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EPRG1327

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EPRG1326

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EPRG1325

Thomas Greve and Michael G. Pollitt Determining the optimal length of regulatory guarantee: A Length-of-Contract Auction EPRG1325 Abstract | Non-Technical Summary | PDF

EPRG1324

Thomas Greve and Michael G. Pollitt Network Procurement Auctions EPRG1324 Abstract | Non-Technical Summary | PDF

EPRG1323

Robert W. Hahn and Robert A. Ritz Does the Social Cost of Carbon Matter?: An Assessment of U.S. Policy EPRG1323 Abstract | Non-Technical Summary | PDF

EPRG1322

Rabindra Nepal and Tooraj Jamasb Energy Efficiency in Market versus Planned Economies: Evidence from Transition Countries EPRG1322 Abstract | Non-Technical Summary | PDF

EPRG1321

M.C. Grimston and W.J. Nuttall The Siting of UK Nuclear Power Installations EPRG 1321  Abstract | Non-Technical Summary | PDF

EPRG1320

Karim L. Anaya and Michael G. Pollitt Finding the Optimal Approach for Allocating and Realising Distribution System Capacity: Deciding between Interruptible Connections and Firm DG Connections EPRG1320 Abstract | Non-Technical Summary | PDF

ENEL Foundation Press Release

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EPRG 1319

Nadia Chernenko The Russian electricity supply industry: from reform to reform? EPRG1319 Abstract | Non-Technical Summary | PDF

EPRG1318

David M Newbery and Thomas Greve The strategic robustness of mark-up equilibria EPRG1318 Abstract | Non-Technical Summary | PDF