Energy & climate

Reform of Europe's wholesale power markets: In need of a jolt?

13 June 2023
The European Commission’s proposal to reform the electricity wholesale market is modest, but pragmatic. But the EU must strengthen the grid to improve its energy security: infrastructure planning should be co-ordinated at European level. 

Europe can withstand American and Chinese subsidies for green tech

12 June 2023
European policy-makers are fretting about subsidised green tech imports from the US and China. But shipping costs are increasingly discouraging imports of these goods from faraway countries.

Will the EU's reform of retail electricity markets help consumers?

19 April 2023
Retail energy markets in Europe have performed poorly during the recent crisis. The Commission’s proposed reforms are a step forward, but they should do more to empower consumers and protect the vulnerable. 

Europe needs both fiscal and energy solidarity

14 March 2023
EU governments should curb energy subsidies and raise support for clean energy investment. The EU should expand common borrowing to fund green investment: this would accelerate the energy transition.

Ditchley conference report: Macroeconomics in a time of pandemic and war

24 February 2023
In November, the CER held its annual economics conference on the macroeconomic consequences of the pandemic and Putin’s invasion of Ukraine.

A year of war in Europe: The balance sheet

22 February 2023
Since Russia attacked Ukraine, the CER has tracked the war’s effect on the protagonists, the EU, NATO and other powers. What conclusions can be drawn from the past year?

The impact of the war in Ukraine: Annual report 2022

10 February 2023
The CER's annual report starts with an essay on how the war in Ukraine is changing Europe. The report then highlights some of the CER's most important publications and events from 2022.

How to save energy in a smarter way

14 November 2022
Reducing energy demand can help Europe cope with high energy prices. Consumers need more than pleas to save energy: governments need to provide a mix of prompts, advice and rewards.

In defence of borrowing for climate action

13 October 2022
Even though interest rates are rising globally, European governments should still borrow large sums to finance green projects. In some cases, the EU should help.

State of the Union: Seven months into Putin's war

28 September 2022
Ursula von der Leyen has managed to keep the EU together so far. The coming months will test this unity. 

The EU's energy plan for a difficult winter: What are the options?

09 September 2022
The European Commission’s new plan aims to cut electricity use to reduce prices and possible blackouts; to extract some of the windfall profits of energy companies; and to curb Russia’s gas revenues.
The impact of the Ukraine war on global energy markets

The impact of the Ukraine war on global energy markets

Nick Butler
14 July 2022
Instability in world energy markets will continue beyond the war in Ukraine. Europe will be less dependent on Russia’s fossil fuels, but a weakened Russia could still cause problems.

A G7 energy tariff on Russia would be better than a price cap

11 July 2022
A price cap on Russian oil would cut Russia’s income, but a tariff would help governments support households and businesses dealing with high energy prices.
A new EU fiscal regime could make the ECB truly independent

A new EU fiscal regime could make the ECB truly independent

30 June 2022
The ECB must be free to target inflation and prevent spreads rising without encouraging fiscal irresponsibility. A new, credible fiscal regime is needed, with a permanent EU green investment fund at its centre.

How to make EU fiscal rules compatible with net zero

Christian Odendahl, Claudio Baccianti
09 May 2022
EU governments will have to invest a lot more to meet 2030 emissions targets. Fiscal rules exemptions and more EU funding are needed to ensure Europe reaches its climate goals without political crises.

The EU emissions trading system after the energy price spike

04 April 2022
EU emissions trading needs an upgrade: the EU should tighten the cap on emissions more rapidly, expand to road transport and buildings, and spend higher revenues on subsidising green investment.

Europe must stop paying for Russia's war

30 March 2022
Putin wants Europe to pay for gas in roubles, forcing it to deal with Russia’s central bank. Europe should respond by ending Russian hydrocarbon imports sooner than planned.

The EU must triple down on green investment

Christian Odendahl, John Springford
24 March 2022
Russia’s war on Ukraine forces Europe to make some tough economic choices. Higher climate investment is a no-brainer, however.

High energy prices threaten the EU emissions trading system

23 March 2022
EU member-states should not stop the expansion of emissions trading to keep a lid on energy prices. Instead, they should increase income support for poorer households and incentives for green investment.

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