Europe’s misguided energy policies keep costs high and fail the environment

Bullet points:

+ Europe's misguided energy policies keep costs high and fail the environment
+ The best way to reduce emissions is to introduce a carbon tax
+ Reducing emissions is not inconsistent with creating a framework for competition in the electricity market

Although the EU has adopted three packages of directives that require member states to break down former monopolies and implement freedom of choice for all the consumers, the results from the effort to open and integrate electricity markets are far from optimal. While global warming is a serious threat, awarding generous subsidies to renewable technologies is not only costly, it undermines competition and therefore liberalisation in the market.

http://www.cps.org.uk/ http://www.cps.org.uk/

IEA: Power Cut? How the EU Is Pulling the Plug on Electricity Markets, December 2015 http://www.iea.org.uk/publications/research/power-cut-how-the-eu-is-pulling-the-plug-on-electricity-markets

EurActiv, 29.09.16: EU power market ‘broken’, driven by politics, official admits http://www.euractiv.com/section/energy/news/eu-power-market-broken-driven-by-politics-official-admits/

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