Task Forces

  • The CDM has been a great success to build up the institutional framework for a carbon market in developing countries, including monitoring, reporting and verification and provide a carbon signal in these countries. It has also leveraged considerable investment in developing countries. At the same time, there have been a number of concerns such as environmental effects, transaction costs, uneven distribution of the benefits between counties but also a real or perceived lack of technology transfer.

  • As technology progresses and consumer demand evolves, the communications sector poses new challenges and hard questions to sectoral regulators and public policy-makers.

  • While globalisation has increased the prospects for many European businesses, open markets have also brought challenges as competition has increased.  In order to remain competitive, European firms are facing increased pressure to be more inventive so that they can react quickly to consumer demands, and respond to global challenges such as climate change and fluctuations in energy prices. 

  • There has been an increasing interest by different stakeholders for cities to play a bigger role in climate change policy. According to some estimates, cities are home to 80% of EU citizens, responsible for 70% of greenhouse gas emissions. Urban areas will play a key role in improving energy efficiency and develop low-carbon business and economic development. This is increasingly recognised by policy makers at member state and EU level. The European Commission under the auspices of DG Transport and Energy has launched the “Covenant of mayors” initiative.

  • A number of major international banks and numerous banks of lesser size in developed countries still are crippled by large amounts of “legacy” assets which they are unable to value and which impede their return to normal lending activity, while capital markets are unable or unwilling to provide them to sufficient equity capital to pull them out of their dire straits.

  • Following the publication of the Second Strategic Energy Review by the European Commission in November 2008 and the adoption of the integrated energy and climate package by the European Council and Parliament in December 2008, EU energy policy is gaining speed. The European dimension of energy policy has been re-emphasised by the recent Russia-Ukraine gas dispute in January 2009, which severely affected several EU member states.

  • The revised EU Emissions Trading Scheme foresees auctioning of allowances as the default option.  However, Article 10a of the Directive allows for transitional free allocation, based on Community-wide ex-ante benchmarks (if feasible) based on a number of objectives, essentially related to providing incentives for GHG reductions and the use of energy efficient techniques.

  • CEPS Task Force Report: 
    Concrete Steps towards More Integrated Financial Oversight: The EU’s Policy Response to the Crisis
    Author: Karel Lannoo

    The financial crisis exposed dangerous weaknesses in the regulatory and oversight structure that need to be urgently corrected to restore confidence in the financial system and to keep the single market alive. Towards this end, this CEPS Task Force report puts forward three main policy recommendations to the EU:

  • Main Findings of the Task Force

    Ulrika Raab, Senior Advisor, Swedish Energy Agency and Member of the CDM Executive Board

    Christian Egenhofer, Senior Research Fellow
    Noriko Fujiwara, Research Fellow, CEPS

    1st meeting: 2 Oct 2007
    2nd meeting: 15 Nov 2007
    3rd meeting: 20 Feb 2008
    4th meeting: 5 Sept 2008

  • CEPS Task Force Report:
    Global Sectoral Industry Approaches to Climate Change: The Way Forward
    Authors: Christian Egenhofer & Noriko Fujiwara