The experience of the EU’s 2020 Climate and Energy Package has raised a number of basic questions about the role and coordination of different policy instruments for decarbonisation of the power market. These include: Do we still believe that the carbon market is the most cost-effective instrument for driving investment in renewables (and other capital-intensive low-carbon assets)? If not, then what form should renewable and low-carbon investment supports take post-2020, and, what should we understand to be the proper role of the ETS? How should interactions between the ETS and complementary policies be managed?
The purpose of this event is to draw lessons from the experiences of the 2020 Climate and Energy Package and analyse their implications for the design of 2030 Package. A new report on the topic by Climate Strategies and IDDRI will also be launched.
