Distributional effects , EU climate policy , renewable energy target
Abstract:
We study how European climate and energy policy targets affect different member states and households of different income quintiles within the member states. We find that renewable energy targets in
power generation, by reducing eu ets permit prices, may make net permit exporters worse off and net permit importers better off. This effect appears to dominate the effciency cost of increasing the share
of energy provided by renewable energy sources in the countries that adopt such targets. While an increase in prices for energy commodities, which is entailed by the policies in question, affects households in
low income quintiles the most, recycling revenues from climate policy allows governments to compensate them for the losses. If renewable targets reduce the revenues from ets permit auctions, member states
with large allocations of auctionable permits will lose some of the ability to do so.
Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.
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