Past Event

Capacity mechanisms in the context of the single market

Due to increasing shares of intermittent RES-E the need for (rarely used) generation capacity will increase in Europe. In addition, investments in generation capacity might also have to increase because of low investments after the liberalisation. To incentivice the necessary investments many European electricity markets have implemented or intend to implement capacity mechanisms. Instead of […]

Date: Apr 27 - Topic: Energy & Climate

Due to increasing shares of intermittent RES-E the need for (rarely used) generation capacity will increase in Europe. In addition, investments in generation capacity might also have to increase because of low investments after the liberalisation. To incentivice the necessary investments many European electricity markets have implemented or intend to implement capacity mechanisms. Instead of discussing the need for capacity mechanisms per se we addressed two implementation issues: (1) As market integration is currently mainly focused on energy-only markets there is growing concern that incompatible capacity mechanisms might put the development of the single market into peril. (2) Some observers see technology specific capacity mechanisms as a tool of decarbonizing the power plant fleet and increasing security of supply. Thus, we discussed how to reconcile national capacity mechanisms with the single market and whether there is a case for technology specific capacity mechanisms.

Participants to the event included Philippe Chauve (DG Comp, European Commission), Meg Gottstein (RAP), Stephen Benians (RAP), Per Agrell (UCL), Yves Smeers (UCL), Georg Zachmann (Bruegel)

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External Publication

A Safety Net for the Green Economy

How to protect workers hurt by the fight against climate change.

By: Simone Tagliapietra Topic: Energy & Climate Date: July 20, 2021
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Blog Post

The European Union’s carbon border mechanism and the WTO

To avoid any backlash, the European Union should work with other World Trade Organisation members to define basic principles of carbon border adjustment mechanisms.

By: André Sapir Topic: Energy & Climate, Global Economics & Governance Date: July 19, 2021
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Blog Post

Making sure green household investment pays off

Policies are needed to support green fuel switching by households; support should be phased out as the carbon price rises.

By: Ben McWilliams and Georg Zachmann Topic: Energy & Climate Date: July 19, 2021
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Podcast

Podcast

A fitting plan for the European Green Deal?

How does the world's first roadmap for meeting climate goals stack up?

By: The Sound of Economics Topic: Energy & Climate Date: July 15, 2021
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Opinion

‘Fit-for-55’ package: Squaring the circle

The European Union finds itself at the centre of a three-dimensional puzzle. Burdens need to be shared between 450 million citizens, 25 million businesses and EU countries in a way that is acceptable to enough of them.

By: Georg Zachmann Topic: Energy & Climate Date: July 15, 2021
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Blog Post

Fit for 55 marks Europe’s climate moment of truth

With Fit for 55, Europe is the global first mover in turning a long-term net-zero goal into real-world policies, marking the entry of climate policy into the daily life of all citizens and businesses.

By: Simone Tagliapietra Topic: Energy & Climate, European Macroeconomics & Governance Date: July 14, 2021
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Upcoming Event

Sep
2
10:15

The role of the state in providing infrastructure for decarbonisation

Bruegel Annual Meetings, Day 2 - Who should be responsible for providing crucial infrastructure for decarbonisation and how should it be managed?

Speakers: Jean-Bernard Lévy, Diederik Samsom, Simone Tagliapietra, Laurence Tubiana and Georg Zachmann Topic: Energy & Climate Location: Palais des Academies, Rue Ducale 1
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Upcoming Event

Sep
3
10:15

Sustainable finance

Bruegel Annual Meetings, Day 3 - In this session on the final day of the Meetings, our panelists will discuss the future of finance and its sustainability.

Speakers: John Berrigan, Maria Demertzis, Alberto De Paoli and Pierre Heilbronn Topic: Energy & Climate, Finance & Financial Regulation Location: Palais des Académies, Rue Ducale 1, Brussels
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Policy Contribution

The risks from climate change to sovereign debt in Europe

European Union institutions and national fiscal authorities should incorporate climate risk in debt sustainability analysis.

By: Stavros Zenios Topic: Energy & Climate Date: July 8, 2021
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Opinion

Who should pay the climate bill?

If we need to get into a war-type mentality to fight climate change, we also need a war-type development plan, so that everyone manages the transition irrespective of their capacity.

By: Maria Demertzis Topic: Energy & Climate Date: July 7, 2021
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Past Event

Past Event

Ensuring competitiveness of low-carbon investments

At this event, speakers will introduce the core idea of commercialisation contracts, and then discuss key design elements. This includes whether contracts should be issued at the EU or national level, how competition for contracts should be organised, and which industries should be eligible for support.

Speakers: Natalia Fabra, Peter Handley, Ben McWilliams and Georg Zachmann Topic: Energy & Climate, European Macroeconomics & Governance Date: July 1, 2021
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Policy Contribution

Commercialisation contracts: European support for low-carbon technology deployment

To cut the cost of decarbonisation significantly, the best solution would be to provide investors with a predictable carbon price that corresponds to the envisaged decarbonisation pathway.

By: Ben McWilliams and Georg Zachmann Topic: Energy & Climate Date: July 1, 2021
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