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2014
Journal Article
Title

Interaction between climate, emissions trading and energy efficiency targets

Abstract
The European Union has set a system of climate and energy targets comprising target values for greenhouse gas emissions (GHG), Emission Trading Sectors ETS and non-ETS sectors, energy efficiency and renewable energies until 2020. A new framework up to 2030 is just being developed. We analyse what lessons can be learned from the EU 2020 target system and how a new 2030 framework could be designed coherently. We derive a coherent target system for 2030 from a bottom-up assessment of energy efficiency potentials. Thus we show that ambitious energy efficiency and renewable energy targets also guarantee significant reductions in greenhouse gas emissions of 47-60% compared to 1990. ETS sectors can contribute significantly to the GHG reduction, provided that a stabilisation of the carbon price can be reached. An alternative design with a 40% GHG emission reduction as the only headline target, as currently debated, will not exploit all cost-effective energy saving potentials and so not take advantage of the macroeconomic co-benefits of energy efficiency either.
Author(s)
Schlomann, Barbara  
Eichhammer, Wolfgang  orcid-logo
Mainwork
Energy & Environment - Special Issue: Theoretical Advances and Empirical Lessons on Emissions Trading Schemes  
DOI
10.1260/0958-305X.25.3-4.709
Language
English
Fraunhofer-Institut für System- und Innovationsforschung ISI  
Keyword(s)
  • climate policy targets

  • greenhouse gas emissions

  • ETS

  • energy efficiency potentials

  • target interaction

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