CEPR-EAERE Climate Policy 9: Climate Policy in times of war: Make the Green Deal strong again!
The targets of the European Green Deal require a substantial reduction of oil and gas imports even before 2030. However, institutions and policy instruments which would enable the European Union (UE) to implement their targets are still weak. The planned Emission Trading System (ETS) for road transport and buildings will be likely implemented with a price cap; so far, the EU has not been able to coordinate the purchases of member states at the international oil and gas market; the diversification of gas and oil imports remains a high priority.
For this Ninth CEPR/EAERE Webinar on Climate Policy, Veronika Grimm (Friedrich-Alexander-Universität Erlangen-Nürnberg), Philippe Martin (Sciences Po and CEPR) and Georg Zachmann (Bruegel) discussed strategic options for EU's climate policy and energy security. The roundtable and Q&A session with the audience was moderated by Ottmar Edenhofer (Potsdam Institute for Climate Impact Research, Mercator Research Institute on Global Common, CEPR and Climate Change RPN Member).