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  • 1
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    Energy Efficiency Policy and Carbon Pricing (2011)
    Paris : OECD/IEA
    Details
    Keywords: energy ; energy economics
    Description / Table of Contents: The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. This paper aims to examine the justification for specific energy efficiency policies in economies with carbon pricing in place. The paper begins with an inventory of existing market failures that attempt to explain the limited uptake of energy efficiency. These market failures are investigated to see which can be overcome by carbon pricing in two subsectors – electricity use in residential appliances and heating energy use in buildings. This analysis finds that carbon pricing addresses energy efficiency market failures such as externalities and imperfect energy markets. However, several market and behavioural failures in the two subsectors are identified that appear not to be addressed by carbon pricing. These include: imperfect information; principal-agent problems; and behavioural failures. In this analysis, the policies that address these market failures are identified as complementary to carbon pricing and their level of interaction with carbon pricing policies is relatively positive. These policies should be implemented when they can improve energy efficiency effectively and efficiently (and achieve other national goals such as improving socio-economic efficiency).
    Pages: Online-Ressource (44 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/energy-efficiency-policy-and-carbon-pricing.html
    Language: English
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  • 2
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    Reporting and Recording Post 2012 GHG Mitigation Commitments, Actions and Support (2009)
    Paris : OECD/IEA
    Details
    Keywords: energy ; energy economics
    Description / Table of Contents: This study assesses the long-term economic and environmental effects of introducing price caps and price floors in hypothetical climate change mitigation architecture, which aims to reduce global energy-related CO2 emissions by 50% by 2050. Based on abatement costs in IPCC and IEA reports, this quantitative analysis confirms what qualitative analyses have already suggested: introducing price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from unpredictable economic growth and energy prices, and ultimately unabated emission trends. In addition, the development of abatement technologies is uncertain. With price caps, the expected costs could be reduced by about 50% and the uncertainty on economic costs could be one order of magnitude lower. Reducing economic uncertainties may spur the adoption of more ambitious policies by helping to alleviate policy makers’ concerns of economic risks. Meanwhile, price floors would reduce the level of emissions beyond the objective if the abatement costs ended up lower than forecasted. If caps and floors are commensurate with the ambition of the policy pursued and combined with slightly tightened emission objectives, climatic results could be on average similar to those achieved with “straight” objectives (i.e. with no cost-containment mechanism). This papers reviews current proposals in the UNFCCC negotiations for future mechanisms to report and record Parties’ GHG mitigation actions and commitments, as well as support provided for such actions. It explores the possible purposes, coverage and form of a reporting/recording mechanism post-2012 and highlights the decision points that are needed in order to establish such a mechanism. It examines what information such a mechanism could include in terms of actions, commitments and support, as well as the institutional implications of different design options.
    Pages: Online-Ressource (45 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/reporting-and-recording-post-2012-ghg-mitigation-commitments-actions--support.html
    Language: English
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  • 3
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    Climate Policy and Carbon Leakage (2008)
    Paris : OECD/IEA
    Details
    Keywords: energy ; energy economics
    Description / Table of Contents: This report explores the effects of the EU emissions trading scheme on the aluminium sector (i.e. competitiveness loss and carbon leakage). With its very high electricity intensity, primary aluminium stands out in the heavy industry picture: a sector whose emissions are not capped in the present EU ETS, European aluminium smelters still stand to lose profit margins and, possibly, market shares, as electricity prices increase following CO2 caps on generators’ emissions - the famous pass-through of CO2 prices into electricity prices. The analysis includes a method of quantification of this issue, based on two indicators: profit margins and trade flows. As the EU is at the forefront of such policy, the paper provides policy messages to all countries on how trade exposed energy-intensive industries can be ‘moved’ by carbon constraint. This also is a contentious topic in Australia, Japan, New Zealand, and the US, where ambitious climate policies – including cap-and-trade systems – are currently debated.
    Pages: Online-Ressource (45 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/climate-policy-and-carbon-leakage.html
    Language: English
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  • 4
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    Chemical and Petrochemical Sector (2009)
    Paris : OECD/IEA
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    Keywords: energy ; energy economics
    Description / Table of Contents: This paper is a background document on the global chemical and petrochemical sector for the IEA publication Energy Technology Transitions in Industry (IEA, 2009). It provides further, more detailed information on the methodology and data issues for energy efficiency indicators for the sector. The indicators discussed offer insight regarding the energy efficiency improvement potential in the short- to medium-term (by proven technologies). This paper is a background document on the global chemical and petrochemical sector for the IEA publication Energy Technology Transitions in Industry (IEA, 2009). It provides further, more detailed information on the methodology and data issues for energy efficiency indicators for the sector. The indicators discussed offer insight regarding the energy efficiency improvement potential in the short- to medium-term (by proven technologies).
    Pages: Online-Ressource (60 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/chemical-and-petrochemical-sector.html
    Language: English
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  • 5
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    Sectoral Approaches to Greenhouse Gas Mitigation (2007)
    Paris : OECD/IEA
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    Keywords: energy ; energy economics
    Description / Table of Contents: This paper explores sectoral approaches as a new set of options to enhance the effectiveness of greenhouse gas reduction policies and to engage emerging economies on a lower emission path. It surveys existing literature and recent policy trends in international climate change discussions, and provides an overview of sectoral approaches and related issues for trade-exposed, greenhouse-gas intensive industries (cement, iron and steel and aluminium). It is also based on interviews conducted by the IEA Secretariat in Australia, China, Europe, Japan, and the United States. Sectoral approaches were also discussed during workshops on technology and energy efficiency policies in industry, following the IEA’s mandate under the Gleneagles Plan of Action.
    Pages: Online-Ressource (77 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/sectoral-approaches-to-greenhouse-gas-mitigation.html
    Language: English
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  • 6
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    Sectoral Approaches to GHG Mitigation : Scenarios for Integration (2006)
    Paris : OECD/IEA
    Details
    Keywords: energy ; energy economics
    Description / Table of Contents: This paper offers a preliminary analysis of several scenarios for integration of sectoral approaches in international and national climate policy. We consider four broad types of sectoral approaches: • A global action, i.e. a unilateral move by industry to foster GHG improvements • A global agreement between industry and Parties to the UNFCCC • A series of national policies targeting a sector, with some intergovernmental co-ordination • A sectoral crediting mechanism whereby reductions recorded at a sector level may be eligible for emission credits
    Pages: Online-Ressource (77 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/sectoral-approaches-to-ghg-mitigation-scenarios-for-integration.html
    Language: English
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  • 7
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    World Energy Outlook 2011 : Special Report - Energy for All (2011)
    Paris : OECD/IEA
    Details
    Keywords: energy ; energy economics
    Description / Table of Contents: What impact will the return of high energy prices have on the fragile economic recovery? Will geopolitical unrest, price volatility and policy inaction defer investment in the oil sector and amplify risks to our energy security? What will renewed uncertainty surrounding the role of nuclear power mean for future energy and environmental trends? Is the gap between our climate actions and our climate goals becoming insurmountable? World Energy Outlook 2011 tackles these and other pressing questions. The latest data, policy developments, and the experience of another turbulent year are brought together to provide robust analysis and insight into global energy markets. WEO-2011 once again gives detailed energy demand and supply projections out to 2035, broken down by region, fuel, sector and scenario.
    Pages: Online-Ressource (52 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/weo-2011---special-report---energy-for-all.html
    Language: English
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  • 8
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    Reviewing R&D Policies (2007)
    Paris : OECD/IEA
    Details
    Keywords: energy ; energy economics
    Description / Table of Contents: Energy security, environmental protection and economic prosperity all pose major challenges for today’s energy decision makers. To meet these challenges, innovation, the adoption of new cost effective technologies, and better use of existing energy-efficient technologies are key elements. The world is not on course for a sustainable energy future – with security concerns and CO2 emissions projected to more than double by 2050. But this alarming outlook can be changed. A recent major IEA analysis “Energy Technology Perspectives – Scenarios and Strategies to 2050” (IEA, 2006) demonstrate that by developing and employing technologies that already exist or are under development, the world could be brought onto a much more sustainable energy path. The costs of achieving a more sustainable energy future are not disproportionate, but they will require substantial effort and investment by both the public and private sectors. There will be significant additional transitional costs related to RD&D and deployment programmes to commercialise many of the technologies over the next couple of decades. Governments will continue to play a major role in energy technology R&D – in defining policies and funding them. How can IEA member country governments be sure they are making the right choices? One answer is by learning from the experience of others – through the use of peer reviews. The IEA version of the peer review – the in-depth review - is a well established tool used since the IEA was created more than 30 years ago. It provides for its members a framework to examine and compare experiences and discuss “best practices” in a host of energy policy areas, including research, development and technology policy. Making the most of the in-depth review process, as well as recommendations emanating from it, offers the promise of better and more well-informed R&D policies – ultimately assisting the development of the new energy technologies that we so urgently need.
    Pages: Online-Ressource (79 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/reviewing-rd-policies.html
    Language: English
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  • 9
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    Coal Mine Methane in Russia (2009)
    Paris : OECD/IEA
    Details
    Keywords: energy ; energy economics
    Description / Table of Contents: This paper discusses coal mine methane emissions (CMM) in the Russian Federation and the potential for their productive utilisation. It highlights specific opportunities for cost-effective reductions of CMM from oil and natural gas facilities, coal mines and landfills, with the aim of improving knowledge about effective policy approaches.
    Pages: Online-Ressource (70 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/coal-mine-methane-in-russia.html
    Language: English
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  • 10
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    Carbon Capture and Storage : Legal and Regulatory Review - Edition 2 (2011)
    Paris : OECD/IEA
    Details
    Keywords: energy ; energy economics
    Description / Table of Contents: The International Energy Agency (IEA) estimates that 100 carbon capture and storage (CCS) projects must be implemented by 2020 and over 3 000 by 2050 if CCS is to fully contribute to the least-cost technology portfolio for CO2 mitigation. To help countries address the many legal and regulatory issues associated with such rapid deployment, the IEA launched the Carbon Capture and Storage Legal and Regulatory Review (CCS Review) in October 2010. The CCS Review gathers contributions by national and regional governments, as well as leading organisations engaged in CCS regulatory activities, to provide a knowledge-sharing forum that supports national-level CCS regulatory development. Each contribution provides a short summary of recent and anticipated developments and highlights a particular regulatory theme (such as financial contributions to long-term stewardship). To introduce each edition, the IEA provides a brief analysis of key advances and trends. Produced bi-annually, the CCS Review provides an up-to-date snapshot of global CCS regulatory developments. The theme for the second edition of the CCS Review, released in May 2011, is long-term liability for stored CO2. Other key issues addressed include: national progress towards implementation of the EU CCS Directive; developments in marine treaties relevant to CCS; international climate change negotiations; and the development process for CCS regulation.
    Pages: Online-Ressource (108 Seiten)
    URL: http://www.iea.org/publications/freepublications/publication/carbon-capture-and-storage-legal-and-regulatory-review---edition-2.html
    Language: English
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