EU Renewable Electricity Law and Policy

From National Targets to a Common Market

Nonfiction, Reference & Language, Law, International, Social & Cultural Studies, Political Science
Cover of the book EU Renewable Electricity Law and Policy by Tim Maxian Rusche, Cambridge University Press
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Author: Tim Maxian Rusche ISBN: 9781316411360
Publisher: Cambridge University Press Publication: December 11, 2015
Imprint: Cambridge University Press Language: English
Author: Tim Maxian Rusche
ISBN: 9781316411360
Publisher: Cambridge University Press
Publication: December 11, 2015
Imprint: Cambridge University Press
Language: English

There are two basic policy tools for promoting renewable electricity: price regulation (feed-in tariffs) and quantity regulation (green certificates). In economic theory, they are equally efficient. Contrary to conventional thinking, the author demonstrates that under real-world conditions, price regulation is more efficient. EU law obliges Member States to put support schemes in place, but leaves their design to national authorities. They need, however, to comply with EU state aid and internal market rules, and their financing may not result in import duties and discriminatory taxation. This book provides a detailed analysis of the decisions practice adopted by the Commission and the case law of the Union Courts. As support schemes mature, has time not come for putting an end to regulatory competition? With huge efficiency gains to be expected, the author expertly examines the political obstacles and sets out three different pathways to achieve EU-wide harmonization.

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There are two basic policy tools for promoting renewable electricity: price regulation (feed-in tariffs) and quantity regulation (green certificates). In economic theory, they are equally efficient. Contrary to conventional thinking, the author demonstrates that under real-world conditions, price regulation is more efficient. EU law obliges Member States to put support schemes in place, but leaves their design to national authorities. They need, however, to comply with EU state aid and internal market rules, and their financing may not result in import duties and discriminatory taxation. This book provides a detailed analysis of the decisions practice adopted by the Commission and the case law of the Union Courts. As support schemes mature, has time not come for putting an end to regulatory competition? With huge efficiency gains to be expected, the author expertly examines the political obstacles and sets out three different pathways to achieve EU-wide harmonization.

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