2021
Book Reviews
Book Reviews
Aiming for Carbon Neutrality: Which Environmental Taxes Does Spain Need by 2030?
The Green Deal is a new European strategic plan aiming to achieve carbon neutrality in 2050 with a 55%-reduction in emissions by 2030 as an intermediate target. In the next three decades European policymakers will use a wide set of policy levers to achieve these targets, including taxes on fossil fuels and carbon prices. In…
Policies and Institutions to Support Carbon Neutrality in China by 2060
China’s leadership has announced its aim to achieve carbon neutrality at the national level by 2060. Recent statements clarify that the country’s pledge applies to all greenhouse gases. This review examines the extent to which current policies and institutions would need to evolve to support deep decarbonization in the world’s largest emitting nation. First, we…
New Transactions in Electricity: Peer-to-Peer and Peer-to-X
Peer-to-peer and peer-to-x open a new world of transactions in the electricity sector. This world is characterised by the active involvement of new players, both small in size and non-professional in nature, and by new combinations of the activities carried out behind and in front of the meter. Peer-to-peer refers to transactions in which both…
Different Cost Perspectives for Renewable Energy Support: Assessment of Technology-neutral and Discriminatory Auctions
Auctions are the prevalent instrument for promoting renewable energy sources worldwide, especially in the European Union and in Latin America. Auctions enable the controlled deployment of renewable energy sources while reducing costs. However, there are different views on relevant costs, auction targets, and their implications on the auction design. Here, the application of technology-neutral auctions…
Incentive Regulation of Electricity and Gas Networks in the UK: From RIIO-1 to RIIO-2
The regulatory and operating context of energy networks is dynamic and constantly evolving. Achieving a multitude of economic, environmental, social and policy objectives is a challenging task for the sector regulators. In 2010, the UK energy regulator Ofgem replaced its approach to energy network price control and incentive regulation with a Revenue-Incentive-Innovation-Output (RIIO-1) model. This…
The Economics of Sustainability: Causes and Consequences of Energy Market Transformation
The paper deals with the economics of sustainability associated with the transformation of energy markets. It emphasizes the interrelations between technical changes and energy markets and how in turn the resulting transformations alter the sustainability of economic systems that are dependent on these markets. It also explores how innovation (or the lack thereof) is intimately…