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CEPS Carbon Market Forum: New Market Mechanisms under the AWG-LCA


The CEPS Carbon Market Forum Task Force on New Market Mechanisms under the AWG-LCA of the COP is the first initiative of the newly launched CEPS Carbon Market Forum, a three-year umbrella programme for carbon market-related activities, which will provide a neutral space where policy-makers and regulators can meet carbon market stakeholders to discuss carbon market regulation, and general policy issues.

Which Economic Model for a Water-Efficient Europe


To achieve the objectives of the 2000 Water Framework Directive, it is generally recognized by the EU and member state governments as well as the broader stakeholder community that a more comprehensive policy response will be needed in general, with particular attention to water management.  Such a comprehensive approach is currently being discussed within the context of the ‘Blueprint to safeguard Europe’s Water’ that is currently being prepared by the European Commission to be ready by November 2012.  While the ‘Blueprint’ is an initiative in its ow

Does the revised EU ETS Market produce the 'right' price signal?


According to the EU ETS Directive (Art. 1), the objective of the ETS is to “promote GHG reductions in a cost-effective and economically efficient manner”. Hence, the over-arching objective is cost-effective achievement of a politically given target. By some, including most conventional economists this is construed as a call for the lowest possible EU allowance price, for example allowing the use of as many offsets as possible – provided they reflect real reductions to reach a given objective.

Price Formation in Commodities Spot and Futures Markets


The unstoppable race of commodity prices comes at a critical moment, when European and US economies are languishing in regaining the ground lost as a result of the recent financial crisis. Policy makers and the public opinion are shrouded in a mist of mounting worries and anger around commodity prices. Regulators worldwide have agreed in the G20 to address price volatility and are bringing forward a number of regulatory proposals to improve the regulation, functioning, and transparency of commodity markets.

Aligning the EU Budget to the Europe 2020 Competitiveness and Growth Objectives


The economic crisis has exposed the weaknesses of the European economies and emphasised the needs to boost competitiveness of the private sector by means of further economic integration and growth enhancing policies. Climate change has made the world aware that energy production and use needs a fundamental restructuring towards low carbon solutions. Competitiveness, employment and energy security are Europe’s central challenges.

Transport and Climate Change


CEPS launches a new Task Force which deals with “EU Transport Policy – Innovation, Integration and 21st Century Infrastructure”.

EU and Global Climate Change Policy and the Increasing Role of Cities


There has been an increasing interest by different stakeholders for cities to play a bigger role in climate change policy. According to some estimates, cities are home to 80% of EU citizens, responsible for 70% of greenhouse gas emissions. Urban areas will play a key role in improving energy efficiency and develop low-carbon business and economic development. This is increasingly recognised by policy makers at member state and EU level. The European Commission under the auspices of DG Transport and Energy has launched the “Covenant of mayors” initiative.