Decarbonisation and digitalisation are reshaping the European energy system, which will become more decentralised and interconnected with other sectors. Cities have the opportunity to be the key drivers of decarbonisation, but this will require the implementation of a new bottom-up governance system. This paper outlines a four-step mechanism in order to achieve decarbonisation at city level.
At this event the European Commissioner for Climate Action & Energy, Miguel Arias Cañete, presented an important energy package.
Energy taxes contribute significantly to public budgets in the EU, but with the aim to reduce greenhouse emissions, the EU will have to fully decarbonise its energy system. However, taxing green energy poses a significant challenge, which could result in a tax revenue gap. Before this becomes a reality, European governments must start looking for alternative sources of public finance.
In order to secure growth and jobs, Europe needs a new growth model built on developing emerging sectors with high value added. But in which sectors can Europe grow, and what economic policies would work?
The COP21 negotiations in Paris resulted in ambitious targets but little detail on implementation. Which measures should the EU now take? Bruegel was pleased to welcome Commissioner Cañete for a discussion on the proposed Commission Work Programme for 2016.
The Transport, Telecommunications and Energy Council on 26 November should indicate a clear way forward.
Though Europe might have to live with higher energy prices than the US, it does not face a trade-off between remaining competitive and becoming sustainable.