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Economic iNsTRuments to Achieve Climate Targets in Europe

Objective

The ENTRACTE research project assesses the EU’s climate policy portfolio. While the EU ETS is key to promote the transition towards a low-carbon economy, ambitious GHG emissions reductions will be reached only if this scheme is improved and supported by complementary policies. A carefully considered policy design has to take into account existing market failures other than the climate externality, suboptimal outcomes of international agreements, the necessity to secure competitiveness and reduce carbon leakage and the co-existence and interaction with several other political goals. ENTRACTE looks at the EU ETS and additional policy instruments like energy efficiency standards, renewable policies, carbon taxes, innovation policies, and trade measures. ENTRACTE provides a deep understanding of how climate policy instruments interact with each other and with related policy instruments. It takes the “real-world” and its imperfections comprehensively into account and considers practical barriers in the implementation (like information asymmetry, uncertainty, political and legal constraints, behavioural aspects). ENTRACTE integrates empirical findings from ex-post assessments using broad sets of empirical data as well as ex-ante analyses with simulation models and experimental approaches with theoretical findings in order to optimize the policy mix. By adopting a project-wide harmonization of assumptions and scenarios about the current and future policy environment, ENTRACTE allows to pursue an integrated approach and and to arrive at a synthesis of research results which identifies strengths and weaknesses of different instrument mixes. Based on these findings, ENTRACTE makes a major step in providing practically applicable recommendations for policy makers on how to design the environmentally effective, economically efficient and politically and legally feasible climate policy mix needed to achieve medium-term and long-term GHG reduction targets in Europe.

Call for proposal

FP7-ENV-2012-one-stage
See other projects for this call

Coordinator

ZEW - LEIBNIZ-ZENTRUM FUR EUROPAISCHE WIRTSCHAFTSFORSCHUNG GMBH MANNHEIM
Address
L 71, 1
68161 Mannheim
Germany
Activity type
Research Organisations
EU contribution
€ 587 609,98
Administrative Contact
Oliver Schenker (Dr.)

Participants (8)

POTSDAM INSTITUT FUER KLIMAFOLGENFORSCHUNG
Germany
EU contribution
€ 344 661,61
Address
Telegrafenberg 31
14473 Potsdam
Activity type
Research Organisations
Administrative Contact
Dorothe Ilskens (Ms.)
FONDAZIONE ENI ENRICO MATTEI
Italy
EU contribution
€ 360 000
Address
Corso Magenta 63
20123 Milano
Activity type
Research Organisations
Administrative Contact
Monica Eberle (Ms.)
LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE
United Kingdom
EU contribution
€ 312 913,60
Address
Houghton Street 1
WC2A 2AE London
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Virginia Pavey (Ms.)
IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE
United Kingdom
EU contribution
€ 82 280,22
Address
South Kensington Campus Exhibition Road
SW7 2AZ London
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Shaun Power (Mr.)
STICHTING KATHOLIEKE UNIVERSITEIT BRABANT
Netherlands
EU contribution
€ 388 800
Address
Warandelaan 2
5037 AB Tilburg
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Marjoleine De Wit
Stiftelsen Frischsenteret for samfunnsøkonomisk forskning
Norway
EU contribution
€ 390 625,59
Address
Gaustadalléen 21
0349 Oslo
Activity type
Research Organisations
Administrative Contact
Taran Faehn
AP ENVECON LIMITED
Ireland
EU contribution
€ 244 960
Address
Rathfarnham Road 8
6W Dublin
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
James Andrew Kelly (Dr.)
EURICE EUROPEAN RESEARCH AND PROJECT OFFICE GMBH
Germany
EU contribution
€ 223 425
Address
Heinrich-hertz-allee 1
66386 St Ingbert
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
Katharina Sabellek (Dr.)