03 Oct 2014

Climate Change: Balancing economic and environmental concerns

Andrei Marcu

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In surveying the portfolio for climate change assigned to Commissioner-designate Arias Cañete, Andrei Marcu finds in this CEPS Commentary that the approach proposed in the European Commission’s January 2014 package offers a sound basis on which to proceed overall, but he specifies that it needs to be put in a context where the causes and symptoms are correctly identified. He singles out timing and governance as other important elements and discusses their practical implications.

Andrei Marcu is Senior Advisor and Head of the CEPS Carbon Market Forum. This Commentary is one of a series prepared by senior CEPS researchers aimed at contributing to the selection and review process of the new European Commission.