EU Effort Sharing Decision after 2020

Auctioning of AEAs

Publication: Document
Citation: Meyer-Ohlendorf, Nils; Benjamin Görlach; Ennid Roberts 2016: EU Effort Sharing Decision after 2020: Auctioning of AEAs. Berlin.

In October 2014 the European Council decided to enhance the availability and use of existing flexibility instruments under the EU Effort Sharing Decision. The auctioning of Annual Emission Allocations (AEAs) is one option to enhance flexibility. A new Ecologic Paper discusses advantages and challenges of AEA auctioning. The paper is available for download.

Auctioning of Annual Emission Allocations

Proposals for Reforming the EU Effort Sharing Decision

Year 2016

Publication:Document

The European Council agreed that flexibility within the non-ETS sectors will be "significantly enhanced" after 2020. A new paper by the Ecologic Institute analyses options to enhance flexibility. The paper focusses on project-based mechanisms and is available for download.

EU Effort Sharing Decision after 2020

Project-Based Mechanisms and Other Flexibility Instruments

Year 2015

Publication:Document

The European Council decided to develop a "reliable and transparent governance system" for the 2030 EU climate and energy policy framework. The European Commission proposed a number of details of the new governance framework. However, neither the European Council nor the Commission specified the relationship between relevant legislation, up-coming legislative processes and this new governance system. Against this backdrop, this paper discusses options and requirements for an effective governance framework for climate and energy policy beyond 2020. The discussion paper is available for download.

An Effective Governance System for 2030 EU Climate and Energy Policy

Design and Requirements

Year 2015

Publication:Report

The European Commission has tabled initial proposals for new targets and some changes to key instruments such as the Emissions Trading System (ETS) upon which the EU Heads of State and Government are to make decisions later in 2014. This study assesses the status quo of EU climate and energy policy and experience with the current set of targets and instruments – and distills from it concrete recommendations for a new package for the period until 2030. The study is available for download.

The Next EU Climate and Energy Package – EU Climate Policies after 2020

Year 2014

Project

Ecologic Institute advised the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) on the post-2020 update of EU climate and energy policy, analysing the climate, political, legal, financial and economic impacts of proposed options and developing recommendations for action. These include the thematic design of the emissions trading system after 2020, targets and instruments in the field of renewable energies and energy efficiency, as well as a redesign of the Effort-Sharing Decision.

EU Energy and Climate Policy after 2020

Jan 2013 - Oct 2015

Language: English
Authorship: Dr. Nils Meyer-Ohlendorf

Benjamin Görlach

Ennid Roberts, LLM
Funding: Federal Ministry for Environment, Nature Conservation, Building and Nuclear Safety (BMUB), Germany
Year: 2016
Dimension: 21 pp.
Project: EU Energy and Climate Policy after 2020
Project ID: 2111
Table of contents: Click to show full table of contents

List of Abbreviations
2. Introduction
3. AEA Auctioning: How could it work?
4. Advantages of AEA Auctioning
5. Questions related to AEA Auctioning
5.1. Can Member States submit closed bids?
5.2. May Member States buy at any price and speculate?
5.3. What happens if the auction does not clear?
5.4. Is there sufficient liquidity in an AEA market?
5.5. Is an AEA market prepared to deal with market participants that have significantly different market powers?
5.6. Is there a risk of collusion and strategic bidding?
6. References
Keywords: Climate

EU

Further Links

PublicationDocumentEU Effort Sharing Decision after 2020

Meyer-Ohlendorf, Nils 2015: EU Effort Sharing Decision after 2020: Project-Based Mechanisms and Other Flexibility Instruments. Berlin.