Policy Outreach Events

The European Green Deal: prospects and challenges for the future – Keynote Plenary at EAERE2020

Time: 10:45-12:15
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The session organized by the EAERE Policy Outreach Committee (POC) as part of the EAERE Plenary intends to discuss the features of the European Green Deal in the framework of the post-Covid policies. The EU has decided to green its new overall economic policy: priority is being given to climate neutrality by 2050, to biodiversity, the circular economy, and greening will be pursued in well established sectoral policies such as on energy, transport, innovation, agriculture, as well as on its budget and finance. The Covid reality has suddenly but profoundly changed the social, economic and political reality all over Europe. The heart of this discussion is the European budget and the Recovery Fund. The POC session will discuss to what extent the world looks different after several months of living with the Covid virus, from a perspective of reaching the climate targets, but even more importantly from the viewpoint of realizing the political ambition of the EU Green Deal. In line with the aim of the EAERE POC, particular attention will be devoted to the most suitable policies that should be implemented for an effective Green Deal and to the kinds of investments that are needed for the EU Green Deal to achieve its goals.

Organizers: Simone Borghesi, European University Institute; Jos Delbeke, European University Institute, KU Leuven

 

Chairs: Simone Borghesi, European University Institute, University of Siena; Jos Delbeke, European University Institute, KU Leuven

 

Keynote speakers:
Alexander Stubb, Director and Professor, School of Transnational Governance, European University Institute. Former Prime, Finance and Foreign Minister of Finland.
Peter Vis, Senior Adviser at Rud Pedersen Public Affairs, Brussels; Former official at the European Commission

Panelists: Thomas Sterner, EfD Environment for Development initiative, University of Gothenburg;
Herman Vollebergh, Tilburg University and Netherlands Environmental Assessment Agency;
Phoebe Koundouri, Athens University of Economics and Business;
Ben Groom, Department of Geography and Environment, London School of Economics and and Political Science;
Andrea Tilche, Directorate General for Research and Innovation, European Commission;
Dominique Bureau, General Delegate of the Economic council for sustainable development, Ministry of Ecology, Sustainable Development and Energy, France;
Aldo Ravazzi Douvan, Italian Ministry of Environment – Sogesid TA – OECD/WPEP – GBE – University of Roma Tor Vergata;
Xavier Labandeira Villot, Universidade de Vigo;
Ottmar Edenhofer, Potsdam Institute for Climate Impact Research (PIK), Mercator Research Institute on Global Commons and Climate Change, Technische Universität Berlin
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Policy Outreach Events

COVID-19, global climate policy and carbon markets: expected impacts and possible solutions

The COVID-19 pandemic is having a dramatic impact on economic activities worldwide. This has both direct and indirect effects on greenhouse gas emissions and global warming. On the one hand, the fall in production and traffic volumes drastically reduces emissions, as it has already been observed after a few weeks of lockdown in a growing number of countries. On the other hand, the deep economic recession which might affect the world economy in the next years is likely to slow down the technological progress that is needed to progress along a low-carbon economic path. Moreover, the economic depression obviously has a large impact also on carbon markets: the fall in production brings about a sharp decrease in the demand of emission allowances, which causes a reduction in the allowance prices and thus also -ceteris paribus- in the incentive to invest in clean technologies.

For these reasons, it appears particularly important to identify in advance a suitable economic-climate package which may relaunch clean investments when economic activities will resume and avoid that the economic downturn may be followed by a sharp growth in emissions when the pandemic will be gone.

This raises some of the questions that we would like to address in this online debate, namely:

  1. What economic and climate policy package will be needed to deal with the economic consequences of COVID-19?
  2. How will the current emergency affect the European Green Deal?
  3. What consequences the ongoing pandemic may have on the EU ETS? What are its expected effects on the other Emission Trading Systems worldwide?
  4. What impact COVID-19 might have on international cooperation among Emission Trading Systems?
  5. What lessons can be learnt from the current pandemic for cooperation among countries in the international climate policy?

FSR Climate, in collaboration with the Policy Outreach Committee of EAERE (European Association of Environmental and Resource Economists), organises this online event to promote a more integrated dialogue between academia and policy world, providing advice and support to EU policy makers and institutions in designing policy interventions, which is particularly needed and urgent in these difficult times.

The event builds upon the successful experience of policy debates organized by FSR Climate at State of the Union since 2018 and intends to continue the policy dialogue carried out by FSR Climate under the ongoing LIFE DICET (Deepening International Cooperation on Emissions Trading) project. The project, co-funded by the LIFE Programme of the European Union, focuses on the international carbon market cooperation between the EC and the regulators of other major Emission Trading Systems, namely, California-Quebec, China, Switzerland and New Zealand and intends to support EU and Member State policymakers in deepening international cooperation for the development and possible integration of carbon markets at the world level.

Format

Short presentations from the invited speakers followed by questions from the audience.

Chair

Simone Borghesi, Director, FSR Climate, EUI

Jos Delbeke, School of Transnational Governance, EUI 

Invited speakers

Christian Gollier, Director of Toulouse School of Economics, President European Association of Environmental and Resource Economists

Phoebe Koundouri, Professor, School of Economics, Athens University of Economics and Business; President-Elect EAERE; Chair, UN SDSN Greece; Director EIT Climate KIC Hub Greece; Chair ICRE8

Eswaran Somanathan, Economics and Planning Unit of the Indian Statistical Institute, Delhi, India, and Program Director of CECFEE (Centre for research on the Economics of Climate, Food, Energy and Environment)

Harald Winkler, University of Cape Town and Academy of Science of South Africa

WATCH the video here 

Presentation slides 

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Policy Outreach Events

Policy and academia: bridging the gap – Policy Session

Policy Session at the EAERE Conference organised by the EAERE Policy Outreach Committee.

The session organized by the EAERE POC intends to discuss how to facilitate and create a more integrated dialogue between academia and policy world. The two contexts have departed from each other over time, becoming increasingly technical and partially separated. To fill the gap between these two realms, there is a need to substantiate quantitatively what policies work and what their relative contribution is. In line with the aim of the EAERE POC (i.e. providing advice and support to EU policy makers and institutions in designing policy interventions), a few questions will be addressed during the session to facilitate and promote the discussion: (i) Which policies instruments have performed better/worst so far? (ii) What are the main results emerging from ex-post evaluation of specific policies? (iii) Where are such evaluations mainly needed?

EAERE 24th Conference website: http://www.eaere-conferences.org/

SPEAKERS’ SLIDES
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Policy Outreach Events

Trust in the Single Market? The case of the EU Emissions Trading System

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Webpage of the event

Carbon pricing is widely regarded as a key instrument to achieve the emission reduction targets set by the Paris Agreement. Since the introduction of the European Emission Trading System (EU ETS) in 2005, carbon pricing has grown extensively around the world. The EU ETS is the result of a complex legislative process involving the governments of 31 participating countries, thus providing one of the most interesting examples of democratic participation of EU countries in the design of a EU crucial policy and in the creation of a single market in the EU.

Since its adoption, the EU ETS has faced a number of challenges, including a substantial price fall with allowance prices getting below 5€/ton of CO2 during the economic recession. This has urged European institutions to implement a series of revisions of the system. As a result, after years of low carbon prices, in which trust in the EU ETS was low, the price of the European allowances has risen remarkably (up to around 20€/tonne at the moment of writing) following the announcement of the reform of the EU ETS for Phase IV (2021-2030), which was passed in 2018. This confirms the crucial role that expectations can play in anticipating the policy when this is perceived as sufficient stringent, credible and long-run.

The following questions will be addressed by the side event:

  • What is the current level of trust by participants and the public opinion in the EU ETS?
  • What can be done to further support the credibility of the system and enhance trust in the single market in the context of climate policy?
  • How can transparency and MRV (Measurement, reporting and verification) contribute to build trust in climate policy measures in general, and in the EU ETS in particular?
  • How can we trigger mutual trust across countries and facilitate the ongoing negotiations on CORSIA and on Article 6 in the Paris Agreement?
  • How can scholars and research better bridge with Policy Makers to enhance trust in Climate Policy measures?

The Policy Outreach Committee of EAERE, together with FSR Climate and in collaboration with the School of Transnational Governance of the European University Institute, organises this session to promote a more integrated dialogue between academia and the policy world, providing advice and support to EU policy makers and institutions in designing policy interventions. The event intends to continue the policy dialogue carried out by FSR Climate under the LIFE SIDE project(co-funded by the LIFE Programme of the European Union) concluded at the end of 2018, which supported European policy makers with the design and implementation of the new EU ETS legislation.

Speakers

Ottmar Edenhofer, Director and Chief Economist, Potsdam Institute for Climate Impact Research, Director, Mercator Research Institute on Global Commons and Climate Change, Professor, Technische Universität Berlin
Hermann Vollebergh, Professor of Economics and Environmental Policy, Tilburg University, and Senior Research Fellow, PBL Netherlands Environmental Assessment Agency
Martin Weitzman, Professor of Economics, Harvard University Center for the Environment

Panelists

Dominique Bureau, General Delegate of the Economic council for sustainable development, Ministry of Ecology, Sustainable Development and Energy, France
Ben Groom, Grantham Research Institute on Climate Change and the Environment, London School of Economics, London, UK
Phoebe Koundouri, Scientific Chair of the International Center for Research on the Economy and the Environment (ICRE8), and School of Economics, Athens University of Economics and Business, Athens, Greece
Xavier Labandeira, Director of Economics for Energy, Spain, and Department of Applied Economics, University of Vigo, Spain
Aldo Ravazzi, Chair OECD-WPEP (Working Party on Environmental Performance Country Reviews), President Green Budget Europe, and Chief Economist, DG Sustainable Development, EU&Global Affairs – TA Sogesid, Italian Ministry of Environment.

DOWNLOAD THE PDF PRESENTATIONS

BORGHESI

EDENHOFER

VOLLEBERGH

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