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#Energy & Sustainability

Energy ambitions for Europe 2024

  • September 24, 2019
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Document(s)
CERRE WHITE PAPER | Energy 2024

This is a wide-ranging dossier on Europe’s energy regulation towards 2024 for the new European Parliament and Commission.

A fair, efficient and sustainable Energy Union

  • Policymakers must take full account of the distributional effects of the current and future regulation that will enact the energy and climate transition. This should include the creation of a European Observatory tasked with monitoring those effects in multiple EU markets and recommending mitigation measures.
  • To drive decarbonisation, the European Commission should prioritise expanding the scope of the European Emissions Trading System (ETS) to include more sectors such as transport and agriculture, with at least 85% coverage of all emitting sectors. To accelerate global decarbonisation, Europe should also foresee linking the EU ETS with similar schemes around the world.

“In tune with today’s reality, smarter regulation should be the hallmark of a European Union dedicated to working for its citizens. This will contribute to the much-needed consolidation of our democracy and to a stronger Europe”, says CERRE’s Director General, Bruno Liebhaberg.  “Delivering on Europe’s climate, digital and mobility ambitions, as well as strongly defending European values of democracy and solidarity are challenging tasks. Yet they are achievable if European institutions act together in these critical sectors for Europe.”

Interested in other sectors too? Access the full CERRE White Paper here.

Author(s)
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Friðrik Már Baldursson
Friðrik Már Baldursson
Research Fellow
and Reykjavik University

Friðrik Már Baldursson is a CERRE Research Fellow and Professor of Economics at the Reykjavik University Business School where he formerly served as the Dean.

He has extensive experience of economic analysis from a decade of service as Head of Economic Research and Managing Director at the National Economic Institute of Iceland as well as from various consultancy projects.

He has been active in public service in various roles, including the Supervisory Board of the Central Bank of Iceland. In October 2008, he led negotiations with the IMF on Iceland’s behalf.

Prof. Baldursson holds a PhD in Applied Statistics and Probability from Columbia University as well as an MSc in Economics.

Friðrik Már Baldursson is a CERRE Research Fellow and Professor of Economics at the Reykjavik University Business School where he formerly served as the Dean.

He has extensive experience of economic analysis from a decade of service as Head of Economic Research and Managing Director at the National Economic Institute of Iceland as well as from various consultancy projects.

He has been active in public service in various roles, including the Supervisory Board of the Central Bank of Iceland. In October 2008, he led negotiations with the IMF on Iceland’s behalf.

Prof. Baldursson holds a PhD in Applied Statistics and Probability from Columbia University as well as an MSc in Economics.

Catherine Banet (2)
Catherine Banet
Academic Co-Director
and University of Oslo

Catherine Banet (PhD) is Professor of Law at the University of Oslo, and Head of the Department for Energy and Resources Law, Norway. Her legal research activities focus on energy market design, energy transport infrastructures regulation, support schemes and financing models, focusing on renewable energy and notably offshore wind, climate change mitigation measures such as carbon capture and storage (CCS), and hydrogen regulation.

Prof. Banet has a background from the private law practice (Norway, France), the European Commission (DG ENV), U.S. diplomatic mission and academia. She is a member of the Academic Advisory Group of the Section on Energy, Environment and Infrastructure Law of the IBA, and Chair of the Board of the Norwegian Energy Law Association.

Catherine Banet (PhD) is Professor of Law at the University of Oslo, and Head of the Department for Energy and Resources Law, Norway. Her legal research activities focus on energy market design, energy transport infrastructures regulation, support schemes and financing models, focusing on renewable energy and notably offshore wind, climate change mitigation measures such as carbon capture and storage (CCS), and hydrogen regulation.

Prof. Banet has a background from the private law practice (Norway, France), the European Commission (DG ENV), U.S. diplomatic mission and academia. She is a member of the Academic Advisory Group of the Section on Energy, Environment and Infrastructure Law of the IBA, and Chair of the Board of the Norwegian Energy Law Association.

Monica Giuletti
Monica Giulietti
Research Fellow
and Nottingham University Business School

Monica Giulietti is Professor of Industrial Economics at Nottingham University Business School since 2023.

Before joining Nottingham, she worked at the Universities of Loughborough, Warwick, Aston and Exeter. Her research focuses on competition and regulation in wholesale and retail energy markets, energy consumers’ behaviour, fuel poverty, distribution networks and decentralised energy resources. Throughout her career, she has frequently published in international journals and conducted research work for several governmental institutions and organisations.

Monica Giulietti is Professor of Industrial Economics at Nottingham University Business School since 2023.

Before joining Nottingham, she worked at the Universities of Loughborough, Warwick, Aston and Exeter. Her research focuses on competition and regulation in wholesale and retail energy markets, energy consumers’ behaviour, fuel poverty, distribution networks and decentralised energy resources. Throughout her career, she has frequently published in international journals and conducted research work for several governmental institutions and organisations.

Chloe Le Coq (2)
Chloé Le Coq
Research Fellow
and University Paris Panthéon-Assas (Dept. of Economics & CRED)

Chloé Le Coq is Professor of Economics at Université Paris-Panthéon-Assas (CRED) and Research Fellow at the Stockholm School of Economics (SITE). She is a Member of the Scientific Advisory Board DIW Berlin and a Member of the Scientific Committee Chair ETI LAB -Mines Paris (since 2022). She is involved in the university incubator AssasLab. She has held visiting positions at Purdue University, the University of California Energy Institute at Berkeley, and the National University of Singapore.

Her research investigates topics related to antitrust policy, industrial organization, and behavioral economics, with a particular focus on energy markets and social innovation. Her recent work includes empirical studies on cartel formation, information structure in electricity markets, and experimental studies of social entrepreneurs.

Chloé Le Coq is Professor of Economics at Université Paris-Panthéon-Assas (CRED) and Research Fellow at the Stockholm School of Economics (SITE). She is a Member of the Scientific Advisory Board DIW Berlin and a Member of the Scientific Committee Chair ETI LAB -Mines Paris (since 2022). She is involved in the university incubator AssasLab. She has held visiting positions at Purdue University, the University of California Energy Institute at Berkeley, and the National University of Singapore.

Her research investigates topics related to antitrust policy, industrial organization, and behavioral economics, with a particular focus on energy markets and social innovation. Her recent work includes empirical studies on cartel formation, information structure in electricity markets, and experimental studies of social entrepreneurs.

Jose Luis Moraga
Jose Luis Moraga
Professor of Microeconomics
Vrije Universiteit Amsterdam

Professor José Luis Moraga joined CERRE as Research Fellow in December 2014.

He is a Professor of Microeconomics at VU University Amsterdam. He holds a PhD in Economics from the Universidad Carlos III de Madrid.

José Luis is an ICREA Research Professor (on leave) and worked at the Department of Economics at IESE in Barcelona from 2009 to 2011.

In addition to the study of the market imperfections generated by transaction costs, his research interests include energy economics, two-sided markets, advertising and research and development networks.

His work has been published in leading economic journals, including the Journal of Political Economy, the Review of Economic Studies and the Rand Journal of Economics.

José Luis’ research in energy economics is mainly focused on transparency in forward markets, access pricing for and investment in interconnectors, and the role of open seasons.

Professor José Luis Moraga joined CERRE as Research Fellow in December 2014.

He is a Professor of Microeconomics at VU University Amsterdam. He holds a PhD in Economics from the Universidad Carlos III de Madrid.

José Luis is an ICREA Research Professor (on leave) and worked at the Department of Economics at IESE in Barcelona from 2009 to 2011.

In addition to the study of the market imperfections generated by transaction costs, his research interests include energy economics, two-sided markets, advertising and research and development networks.

His work has been published in leading economic journals, including the Journal of Political Economy, the Review of Economic Studies and the Rand Journal of Economics.

José Luis’ research in energy economics is mainly focused on transparency in forward markets, access pricing for and investment in interconnectors, and the role of open seasons.

Michael Pollitt
Michael Pollitt
CERRE Honorary Academic Director
University of Cambridge

Michael Pollitt is Professor of Business Economics at the Judge Business School, University of Cambridge. He is an Assistant Director of the university’s Energy Policy Research Group (EPRG) and a Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge. Michael is an elected Vice President (for Publications) of the International Association for Energy Economics (IAEE). He is a former external economic advisor to Ofgem.

Michael Pollitt is Professor of Business Economics at the Judge Business School, University of Cambridge. He is an Assistant Director of the university’s Energy Policy Research Group (EPRG) and a Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge. Michael is an elected Vice President (for Publications) of the International Association for Energy Economics (IAEE). He is a former external economic advisor to Ofgem.

Nils Henrik Von Der Fehr (2)
Nils-Henrik von der Fehr
Research Fellow
and University of Oslo

Professor Nils-Henrik M. von der Fehr is Professor of Economics at the University of Oslo. In addition to numerous academic positions, Nils-Henrik has chaired or served as a member of government committees both in his native Norway and internationally; he continues to provide expert advice to private companies and government institutions around the world on energy, as well as other issues. His research interests include microeconomics, industrial economics, regulation and competition policy.

Professor Nils-Henrik M. von der Fehr is Professor of Economics at the University of Oslo. In addition to numerous academic positions, Nils-Henrik has chaired or served as a member of government committees both in his native Norway and internationally; he continues to provide expert advice to private companies and government institutions around the world on energy, as well as other issues. His research interests include microeconomics, industrial economics, regulation and competition policy.

Bert Willems (2)
Bert Willems
Research Fellow
and Université catholique de Louvain

Professor Bert Willems, is a CERRE Research Fellow and a Professor of Economics at the Université catholique de Louvain where he studies and teaches energy management and environmental economics. He is affiliated with the Law and Economic Center at Tilburg University (TILEC), the Toulouse School of Economics and a board member of the Benelux Association for Energy Economics (BAEE).

Professor Bert Willems, is a CERRE Research Fellow and a Professor of Economics at the Université catholique de Louvain where he studies and teaches energy management and environmental economics. He is affiliated with the Law and Economic Center at Tilburg University (TILEC), the Toulouse School of Economics and a board member of the Benelux Association for Energy Economics (BAEE).

More publications

on #Energy & Sustainability

Flexibility in the Energy Sector
27 May 2025
Market Design Options for CCS in Europe: CO2 Transport and Storage Regulation
25 March 2025
Europe’s Pathways to Net Zero: The Role of Renewable Gases and Flexibility
15 October 2024
Speeding Up Renewable Energy Permitting in Europe: Overcoming Implementation Challenges
15 October 2024
A Balanced Path to a Net Zero Future: Expansion, Flexibility, Integration and Innovation
15 October 2024
Securing Europe’s Net Zero Path with Flexible LNG
25 September 2024
Ambitions for Europe 2024-2029
27 June 2024
Towards a More Dynamic Regulation for Energy Networks
26 March 2024
Scaling up Offshore Wind Energy in Europe
11 October 2023
Building Resilience in Europe’s Energy System
1 June 2023

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