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Knowledge Package
Policies to address climate change mitigation that have been deployed in parallel may interact with each other, with positive or negative effects for emission reductions and for cost-effectiveness. This Knowledge Package explains the economic theory behind such policy interactions and discusses why even with a carbon price (such as that generated by the EU Emissions Trading Scheme) the introduction of...
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Knowledge Package
Within the EU-28, transport is responsible for around 20% of greenhouse gas emissions, rendering it the second largest emitting sector after the energy industry. Emissions from transport have also grown by 19% from 1990 to 2011. In order to turn this trend around and accomplish the corresponding emission targets, the EU has designed and implemented a series of measures, including...
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Knowledge Package
Since the 1990s the EU has been pursuing climate change mitigation targets. Following the international commitment to the legally binding greenhouse gas reduction under the Kyoto Protocol, the approach was broadened and deepened with the 20-20-20% targets for 2020. The greenhouse gas target looks set to be overachieved. In 2014, new objectives for 2030 were agreed, but criticised harshly by...
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