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Second @Bruegel_org debate ongoing on decarbonization policies for net-zero emissions. With @JMGlachant (@FSR_Energy), Jos Delbeke (@EU_Commission former DG Energy), Dolf Gielen (@IRENA ) and @GeorgZachmann. Live notes: bit.ly/bruegel-notes
Jos Delbeke (@EU_Commission) gave an overview of historical EU policy developments and results, proving success with 'decoupling per unit of GDP'-argument, and counter-argues that international trade would cancel decoupling out. Which [acacdemic] source is he using?
Jos Delbeke (@EU_Commission) further mentioned the need to increase ambitions. To go from a historical 0.5% decrease/year in CO2 emissions to currently 1.5%, and above 2% in the future.
Jos Delbeke (@EU_Commission) went into distributional effects of EU ETS, and argued that the EU is doing its part by redistributing 12 % [2 to 3 billion] of EU ETS auction revenues. Comment here on national use of ETS funds [Belgian/Flemish example]:
Questions in this remain:
-> Company support at member state level (using ETS revenues) -> lower "efficiency" of policy?
-> Why not using norms instead of market?
-> Reflect on carbon leakage legislation
-> Company support at member state level (using ETS revenues) -> lower "efficiency" of policy?
-> Why not using norms instead of market?
-> Reflect on carbon leakage legislation
@GeorgZachmann on importance of distributional effects: design policies for poor income households (no means to cope with norms, don't benefit from long term investm.), no trade-off between climate-policy and equity: both important. Also pointed at windfall profits in EU ETS.
Things that came up in the discussion were problem of unequal taxation of energy [aviation vs. public transport energy tax] and redistribution [@ThPellerin]. Jos Delbeke agreed on problem of taxiation of aviation, but pointed towards responsability of @icao
@GeorgZachmann mentioned # of incentivising capital owners or penalise users, both having different redistributional effects. And that some policies with strong distr. effects are politically easily accepted: isconnect between redistributional effects and real policies.
Lastly, @GeorgZachmann mentioned the lack of transparency and need to get consumer organisations on board. See also: (Better Regulation Carbon Leakage input constitution) and (representation in EU Climate Change Expert Group)
The full debate is recorded and can be seen now at
