We explore potential impacts of global decarbonization on trends in light-duty vehicle (LDV) fleets from 2020-2050. Using an economy-wide multi-region multi-sector model, we project that the global EV fleet will grow from 5 million vehicles in 2018 to about 95–105 million EVs by 2030, and 585–823 million EVs by 2050. At this level of market…
Month: February 2026
Competitiveness of Energy-Intensive Industries in Europe: The Crisis of the Oil Refining Sector between 2008 and 2013
After the so-called ‘golden age’ of refining between the years 2005 and 2008, total or partial closures of 13 EU oil refineries from 2009 to 2013 reduced the EU’s total refining capacity by about 10%. This paper analyses the drivers behind this crisis, using industry data on performance and cost structure collected at the refinery…
Letter to the Editor: Letter on Kempa and Moslener (EEEP 6(1))
Book Reviews
Incentivizing firm compliance with China’s national emissions trading system
When it launches in 2017, China’s CO2 emissions trading system (ETS) will cover the largest CO2 emissions volume of any system to date and be among the very first to launch in a developing country. We evaluate the potential of an ETS to alter the emitting behavior of covered firms and to support the achievement…
Key issues in designing China’s national carbon emissions trading system
The design of China’s national carbon emissions trading system (ETS) has been shaped by major considerations including the significant disparities that exist between the different regions of the country, concerns about possible impacts of the ETS on the economy, the continuously evolving policy environment, and the need to divide responsibilities appropriately among relevant authorities. To…
Lessons learned from China’s regional carbon market pilots
This paper gives an overview of the performance of China’s seven regional carbon market pilots and the range of approaches they have used. We assessed the outcomes of these pilots using publicly available secondary market trading data. The differences in market performance are explained by the design of key market elements such as emission allowances,…
A Global South Perspective on Stranded Regions: Insights from the Decline of Coal Mining in Cesar, Colombia
The sharp decline in fossil fuel demand related to the Covid-19 pandemic put in evidence some of the impacts that can be created by the energy transition. By putting into conversation the literature on economic decline in extractive regions and debates on stranded fossil fuel assets, this paper presents the case of the region of…
Who Knows What: Information Barriers to Efficient DER Roll-out in the U.S.
Distributed Energy Resources (DERs) are increasingly popular. Their relevance to the functioning of energy systems and emissions reduction has spurred a flurry of policy discussions and research into the measures needed to facilitate integration of these resources. However, the majority of that work focuses on systems characterized by complete and perfect information, while in reality,…
Prosumer Empowerment through Community Power Purchase Agreements: A Market Design for Swarm Grids
In this paper, we are proposing a policy innovation for both a more sustainable and a more inclusive electrification strategy, particularly for improved energy access in the Global South: combining the extension of national grids whilst taking advantage of existing decentralized renewable energy infrastructure allowing their collective feed-in to the national grid. We are introducing…