Fsr Energy & Climate

Massimo Tavoni, Deputy Coordinator for Climate Change and Sustainable Development, FEEM, Italy. On the 12 November 2015 at the European University Institute in Florence, he was the discussant at the presentation of the book ‘EU Climate Policy EXPLAINED’, co-edited by Peter Vis and Jos Delbeke. This book explains the EU’s climate policies in an accessible way, to demonstrate the step-by-step approach that has been used to develop these policies, and the ways in which they have been tested and further improved in the light of experience. It shows that there is no single policy instrument that can bring down greenhouse gas emissions, but the challenge has been to put a jigsaw of policy instruments together that is coherent, delivers emissions reductions, and is cost-effective. In view of the forthcoming 2015 UN Climate Change conference in Paris, this book is of great interest for academics and policy makers alike.

Peter Vis is the EU Visiting Fellow at St. Antony’s College, University of Oxford (UK), for the academic year 2014–2015. Prior to that he was Head of Cabinet to Connie Hedegaard, European Commissioner for Climate Action (2010–2014). He has an MA (history) from the University of Cambridge (UK). On the 12 November 2015 at the European University Institute in Florence, he presented the new book ‘EU Climate Policy EXPLAINED’ which he co-edited with Jos Delbeke to Florence School of Regulation Climate and selected audience. This book explains the EU’s climate policies in an accessible way, to demonstrate the step-by-step approach that has been used to develop these policies, and the ways in which they have been tested and further improved in the light of experience. It shows that there is no single policy instrument that can bring down greenhouse gas emissions, but the challenge has been to put a jigsaw of policy instruments together that is coherent, delivers emissions reductions, and is cost-effective. In vie

Peter Vis and Massimo Tavoni answer questions from the audience after the presentation of the book ‘EU Climate Policy EXPLAINED’, co-edited by Peter Vis and Jos Delbeke. 12 November 2015, European University Institute, Florence, Italy This book explains the EU’s climate policies in an accessible way, to demonstrate the step-by-step approach that has been used to develop these policies, and the ways in which they have been tested and further improved in the light of experience. It shows that there is no single policy instrument that can bring down greenhouse gas emissions, but the challenge has been to put a jigsaw of policy instruments together that is coherent, delivers emissions reductions, and is cost-effective. In view of the forthcoming 2015 UN Climate Change conference in Paris, this book is of great interest for academics and policy makers alike.

Xavier Labandeira, Director of Florence School of Regulation Climate, introduces the presentation of the book ‘EU Climate Policy EXPLAINED’, co-edited by Peter Vis and Jos Delbeke. This book explains the EU’s climate policies in an accessible way, to demonstrate the step-by-step approach that has been used to develop these policies, and the ways in which they have been tested and further improved in the light of experience. It shows that there is no single policy instrument that can bring down greenhouse gas emissions, but the challenge has been to put a jigsaw of policy instruments together that is coherent, delivers emissions reductions, and is cost-effective. In view of the forthcoming 2015 UN Climate Change conference in Paris, this book is of great interest for academics and policy makers alike.

Adrien de Hauteclocque is a Legal Secretary (Référendaire) of Judge M. van der Woude at the Court of Justice of the European Union (General Court), Luxembourg, and an Adviser of the Loyola de Palacio Chair. Here he is interviewed by the Director of the Florence School, Jean-Michel Glachant, on the topics discussed at the FSR Fifth Policy Advisory Council which brought together renowned academics, experts from leading energy companies as well as representatives from the European Commission, the Agency for the Cooperation of Energy Regulators (ACER) and National Regulatory Authorities (NRAs). Recorded 6 November 2015, Florence, Italy “we talked this morning about the long term import gas contracts… we have a problem with this contract… I think it is fair to say they have very ambiguous effects both on competition and on security of supply, sometimes they are good, sometimes they are bad…” “maybe we should think about introducing some kinds of ex-ante notification mechanisms so that there would be some level

FSR Fifth Policy Advisory Council report by Jean-Michel Glachant The FSR Policy Advisory Council is the bi-annual exclusive meeting where the FSR tests new ideas and research proposals with a small selected audience of FSR donors, academics, regulators and representatives from EU Institutions. Held under Chatham House Rules, the PAC is attended by significant players in the European Energy Industry. In this podcast, Jean-Michel Glachant, Director of the Florence School reveals some extracts from the meeting. Recorded in Florence 6 November 2015 “…it is very likely that the TSO business in the power industry, the transmission business in the power industry, will enter or is entering a complete revolution.”

Jorge Vasconcelos, former regulator of Portugal and co-founder of CEER (Council of European Energy Regulators) talks about the evolution of European energy system – in the light of its decentralisation or “localisation”. Interview by Jean-Michel Glachant, Director of the Florence School Recorded at the FSR’s 5th Policy Advisory Council on 6 November 2015 “The application of these [digital] technologies will produce very important and substantial change” “Don’t forget that every electricity consumer is connected with 250 million consumers in Europe”

Prof. Karsten Neuhoff is Head of the Climate Policy Department at the German Institute for Economic Research (DIW Berlin). In this interview by the FSR Research and Policy Coordinator Ilaria Conti, Prof. Neuhoff answers questions on the evolution of electricity balancing in Europe in light of the current and upcoming challenges. And, one big question: can we think of a single electricity Balancing market for Europe? Recorded on 1 November 2015, Milan “a common approach on balancing will be very important, because ultimately that reflects a common approach of operating the system, and only if we find a common way of operating the system then we can exchange information accurately between TSOs and run the system precisely” “Starting from the past, European efforts had been initially on the day-ahead, and now to some extent on the intra-day market, and very often defining the interphases between countries. That is sufficient if you have stable flows in a conventional power system. The future…”

Professor Ariel Ezrachi is the Slaughter and May Professor of Competition Law and a Fellow of Pembroke College, Oxford. Here he talks to Nicholas Barrett about the algorithms after our money. "The use of a single algorithm could have a de-facto horizontal impact on pricing." "We also reflect on the possibility of using algorithms to facilitate tacit collusion." "We discussed the possibility of almost perfect price discrimination, the possibility for platforms to make use of data in order to try to second guess the reservation price for customers and target them in a way that would optimise profit." "When we speak about big data and energy, the questions are whether the ability of the supplier to gather information, even through the meters, as to the behaviour of the customers and their usage could then be leveraged in order to gain an advantage over others."

Professor Mats Nilsson, an economist at Luleå University of Technology. Here he talks to Nicholas Barrett about the transition to renewable energy and Europe's "extreme focus on renewables". "There is a good intention behind the support for renewables, but we have to remember that the support for renewables was for a sustainability goal, but that has become mixed with the co2 goal." "The manufacturing industry is now starting to leave Europe as a protest against the rising electricity costs. That comes as a shock, I think, to policy makers and industry members alike." "We don't have to continue, we can take a deep breath, we can phase out the renewable support we have."

http://florence-school.eu/event/fsr-climate-annual-conference-2015/?instance_id=302 Claudio Marcantonini, is the deputy director of FSR Climate. Here he talks to Nicholas Barrett about the first 10 years of the European Union's emission Trading Scheme and what it means to the rest of the world. "The EU ETS did not have a strong negative impact on the economy, there was no negative impact in terms of production, job losses or relocation of industries" "There is no evidence of carbon leakage, we have reduced emissions in Europe but not at the expense of increased emissions in other parts of the world." "It shows that a carbon price is feasible and that you can build a policy that puts a price on emissions on a level the size of Europe."

http://florence-school.eu/event/two-day-executive-course-to-master-electricity-markets-18-19-january-2016 Fabien Roques, Senior Vice President with the Economics Consultancy Compass Lexecon and Associate Professor at University Paris-Dauphine, talks about the FSR's new 2-day Executive Course to master Electricity Markets. The new training programme covers many topics, one of them is the capacity mechanisms.

http://fsr.eui.eu Jean Tirole, Nobel Laureate and Professor of Economics at the Toulouse School of Economics explains what we can expect from COP21, the UN Climate conference taking place in Paris in December. An interview by Jean-Michel Glachant, Director of the Florence School of Regulation and Holder of the Loyola de Palacio Chair. Recorded 9 September 2015 An interview by Jean-Michel Glachant, Director of the Florence School of Regulation and Holder of the Loyola de Palacio Chair. Recorded at the Tenth Conference on The Economics of Energy and Climate Change, from the Toulouse School of Economics, Toulouse, France. http://www.tse-fr.eu/conferences/2015-tenth-conference-economics-energy-and-climate-change “promises are non-binding, so they are just promises. We have seen in the past, from Kyoto to Copenhagen, that actually the countries don’t abide by their promises.” “If you put some effort into reducing your pollution, you’re not even sure if it will have any impact” “We have to develop satellit

Martin Weitzman was interviewed by MW Fellow Martina Bozzola on 21 October 2015 at the Max Weber Programme of the European University Institute. They tackled the collective challenges posed by the risk of climate change and the relevance of shock events to redirect individual interest towards the international governance of this crucial public good. An FSR interview by Martina Bozzola

Mario Ragwitz, Deputy Head of Competence Center Energy Policy and Energy Markets, Coordinator of Business Unit Renewable Energies, talks to Nicholas Barrett about funding for renewable energy in Europe. This recording was made on 22 October during FSR Climate 2015 Annual Conference. “We have seen a strong decline in the generation costs of renewables and a number of technologies are already competitive today in good locations such as on-shore wind and solar in southern Europe.” “We see that market values of renewables decrease with increased market integration, therefore, you probably still need another decade before renewables are fully cost competitive.”

Ian Parry is the Principal Environmental Fiscal Policy Expert in the International Monetary Fund’s (IMF) Fiscal Affairs Department, here he talks to Xavier Labandeira, Director of FSR Climate, about how to price carbon. This recording was made on 22 October during FSR Climate 2015 Annual Conference. “Carbon taxes are a very simple practical straight forward tool and the most effective and efficient way to price carbon while raising revenue at the same time” “There is a lot of momentum, but if we are being honest, we have an awful long way to go”

Massimo Filippini, Professor from ETH Zurich gives his thoughts on how effective the European effort to mitigate Climate Change is. An interview by Xavier Labandeira, Director of FSR Climate, recorded 22 October during FSR Climate 2015 Annual Conference. “We should recognise behind the consumption of energy we have long term investment” “I am not sure that at the end of the day this diversity in the approaches to reach some climate and energy policy goals will be so effective”

Peter Cramton is a professor both at the University of Maryland and the European University Institute, here he gives his opinion on how to promote international climate agreements. An interview by Christoph Graf, Research Assistant at FSR Climate, recorded 22 October during FSR Climate 2015 Annual Conference. “The coalition of the willing has to include the United States, Europe, India, China, Brazil… all the large countries who are emitting large amounts of carbon” “I think that the political will is growing, and what will is growing… and what will help it grow is an effective instrument”

Peter Kaderjak | Director of the Regional Centre for Energy Policy Research, talks to the Director of the Florence School of Regulation Jean-Michel Glachant about Gas Security of Supply after his participation on the panel ‘Going beyond national borders: is it really that difficult?’ Recorded at ‘External Energy Security and Policy: Power and Gas Aspects’, 5 October 2015, Vienna, Austria, organised by E-Control and Florence School of Regulation. http://fsr.eui.eu/Events/ENERGY/Workshop/2015/150703ExternalEnergySecurityandPolicyPowerandGasAspects.aspx “We are the only region with the perspective of declining production.” “The external question is to what extent are our outside suppliers reliable and at what cost they provide the gas. The good news is that there are several outside suppliers who are becoming new ones in the European market, potently the US is there. The bad news is that you still have problems with the potential reliability of the outside suppliers, with Russia you never know and the nor

After introducing the main features of the EU Infrastructure Package, Catharina Sikow-Magny (DG Energy) confirms to our microphone the dates of the first EU Forum on energy infrastructures. Listen to the podcast. http://fsr.eui.eu “Why is the infrastructure package so good?”, The role of ACER, and the Madrid, Florence and Copenhagen forums in perspective. Catharina Sikow-Magny is Head of Unit at Networks and Regional Initiatives, DG ENER, here she talks with Ilaria Conti, Research and Policy Coordinator at the Florence School of Regulation, about Energy Infrastructure. Recorded at “External Energy Security and Policy: Power and Gas Aspects” event organised by the Florence School of Regulation and E-Control in Vienna on the 5th October 2015. “The trans-European network regulation is actually I would say, four regulations in one, it is a very rich regulation, we still need to explore all the different articles, and are still sometimes discovering articles from the past” “There is a wide range of issues, where