Costs, competitiveness and climate policy: distortions across Europe
Inside its 28-country energy market the European Union is permitting serious distortions. These arise out of the current patchy way whereby energy-intensive industries are relieved of the costs of ambitious, clean EU energy policies of capping carbon and promoting renewables. This OIES comment argues that the EU should adopt a common approach to such carbon cost relief, rather than leaving it to member states, of which only a few are able and willing to help their energy-intensive sectors.
