Abstract

http://ssrn.com/abstract=1137823
 
 

References (116)



 
 

Citations (1)



 


 



The Liberalisation of the Power Industry in the European Union and its Impact on Climate Change - A Legal Analysis of the Internal Market in Electricity


Joelle De Sepibus


World Trade Institute

May 1, 2008

NCCR Trade Regulation Working Paper No. 10/2008

Abstract:     
The liberalisation of the European power industry has fundamentally modified the regulatory framework of electricity utilities. This paper discusses why the European Union (EU) has introduced competition into the power sector and examines how the principal reforms adopted at the EU level shape its current and long-term emissions of carbon dioxide. To appreciate the impact of liberalisation on climate change, the paper follows a two-step process. The first step is to provide an overview of the European fuel mix, the main power generation technologies and their carbon intensity. The second step is to analyse the new legal framework and the changes resulting from liberalisation in terms of demand patterns, research, development and operation of networks and power generation. Particular attention is paid to the risks faced by investors in new power generation. The study concludes that if a lock-in of the European power industry in highly CO2-intensive fossil fuels is to be avoided a significant overhaul of the current legal framework is necessary. Such a reform would have to place a special focus on the incentives provided by network regulation and re-appraise the institutional design as only a profound modernisation of the grids, supported by strong institutions will allow the large-scale uptake of renewable energy sources.

Number of Pages in PDF File: 59

Keywords: the european union, european power industry, climate change, liberalization

working papers series


Download This Paper

Date posted: May 27, 2008 ; Last revised: January 8, 2009

Suggested Citation

de Sepibus, Joelle, The Liberalisation of the Power Industry in the European Union and its Impact on Climate Change - A Legal Analysis of the Internal Market in Electricity (May 1, 2008). NCCR Trade Regulation Working Paper No. 10/2008. Available at SSRN: http://ssrn.com/abstract=1137823 or http://dx.doi.org/10.2139/ssrn.1137823

Contact Information

Joelle De Sepibus (Contact Author)
World Trade Institute ( email )
Hallerstrasse 6/8
Berne, CH-3012
Switzerland
Feedback to SSRN


Paper statistics
Abstract Views: 1,850
Downloads: 390
Download Rank: 41,422
References:  116
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.344 seconds