FEEM's e-journal the "Review of Environment, Energy and Economics" is a tool for the dissemination of the work and research-based policy analysis of FEEM researchers and leading international scholars, covering the areas of environmental and energy economics and policy, and offering new insights into the challenges ahead.

HIGHLIGHTS
Challenges of the Paris Agreement
Greening the WTO
Energy: Scenarios and Challenges
Life is a Balancing Act
Energy Efficiency in Turkey
What about European Gas Markets?
ARTICLES
 
Dec
21
2012
 
The EU and Kyoto Protocol: Achievements and Future Challenges
by Fabio Eboli and Marinella Davide
Environment - Articles
 

This article by FEEM researchers Fabio Eboli and Marinella Davide assesses the European Union's positive performance in achieving its own Kyoto Protocol target, unlike the other Annex I countries. The analysis highlights a quite heterogeneous situation across Member States. Nevertheless, the last COP shows that EU is willing to lead future climate change strategy.

Dec
13
2012
 
The Doha Climate Gateway: a First Key-Point Assessment
by Marinella Davide
Environment - Articles
 

After thirteen days of negotiations at the 18th UNFCCC Conference in Doha, Qatar, from November 26 to December 8, 2012, the parties managed to agree on a set of decisions to move the process forward and to save the Kyoto Protocol, at least in principle.

Dec
06
2012
 
Growth, Mobility and Climate Policy: a Focus on the non-OECD
by Thomas Longden
Environment - Articles
 

A focus on mobility, the kilometres travelled using light duty vehicles, and climate policy is motivated by the persistence of strong demand for  personal mobility. This article discusses recent research conducted at  FEEM on the future of private vehicle travel and the achievement of  different climate policy targets, with a particular focus on non-OECD regions.

Nov
29
2012
 
Obesity is Contagious! Evidence from US Data
by Luisa Corrado and Roberta Distante
Economics - Articles
 

Overweight and obesity are social plagues of modern societies. The article draws from a research study undertaken by the authors showing that the scale of such a phenomenon is due to the effects of peers on individual weight-related behaviour, as well as to the limits on dynamic behavior imposed by habits.

Nov
22
2012
 
Aftermath of the EAERE 2012 Conference
Karine Nyborg, Ian J. Bateman, Kerry Smith, Jean-Philippe Barde
Environment - Interviews
 

Interviewed by Re3, EAERE president Karine Nyborg discusses the evolution of the Association since the start of its activities in 1990. A set of video interviews to EAERE 2012 conference keynote speakers and videos of the policy sessions complete the sketch.

Nov
15
2012
 
Challenge Ahead for Energy Economists
Einar Hope
Energy - Interviews
 

Einar Hope explains why Energy Economists should adopt an interdisciplinary approach in their research, adding that universities should request multidisciplinary research as part of the qualification system for academic careers.

Nov
08
2012
 
Ethnic Heterogeneity and Knowledge Formation in Europe
Valentina Bosetti, Cristina Cattaneo and Elena Verdolini
Economics - Articles
 

Does the interaction of diverse cultures hamper or facilitate the creation of new ideas? The article summarizes the results of a study investigating the role of ethnic heterogeneity of the labour force in the creation of new knowledge.

 

Oct
25
2012
 
The Global Energy Assessment
Thomas B. Johansson and Nebojsa Nakicenovic
Energy - Interviews
 

The Global Energy Assessment is a major initiative launched at the RIO+20 conference to assess worldwide global energy challenges. Interviewed by FEEM, Thomas B. Johansson, Executive Committee Co-Chair of the GEA, and Nebojsa Nakicenovic, Deputy Director of the International Institute for Applied Systems Analysis, give an overview of the GEA report.

Oct
18
2012
 
Energy Security: the Industry Perspective
Francesco Gattei
Energy - Interviews
 

Francesco Gattei from Eni gives an overview of the industry perspective on the important issue of energy security, topic of his talk at the plenary session "Energy supply and security" at the 12th IAEE European Energy Conference.

Oct
11
2012
 
National Ecosystem Assessment: the UK Experience
Ian J. Bateman
Economics - Interviews
 

Ian J. Bateman, Head of Economics for the UK-National Ecosystem Assessment, summarises in a non-technical language the rationale for undertaking the first analysis of the UK's natural environment in terms of the benefits it provides to society and continuing economic prosperity.

Oct
05
2012
 
The Mitigation Potential of Consumer Adoption of Smart Energy Behaviour
by Elena Claire Ricci
Energy - Articles
 

The article investigates the economic and climate change mitigation potential of consumer adoption of smart energy behaviours enabled by smart-grids and advanced-metering systems. The results indicate that consumer empowerment and involvement induce important and efficient benefits to the electric power sector.

Sep
27
2012
 
Biodiversity Bargaining: What is the Problem?
by Timothy Swanson and Ben Groom
Environment - Articles
 

This article investigates global biodiversity regulation as a bargaining game, where biodiversity rich countries (the “BD states") and research& development rich countries (the “R&D states”) must find a way to cooperate that is perceived as fair and reasonable by both parties.

Sep
21
2012
 
The Repeated Failures of International Negotiations for Environmental Protection
Bruno Latour
Environment - Interviews
 

In this brief interview with FEEM, Bruno Latour explains why, in his opinion, international negotiations for environmental protection (e.g. Rio+20, UNFCC COPs, etc..) continue to fail. This has to do with an issue of proper representation of different interests, of scale, and because of the substantial separation between science and policy.

Sep
13
2012
 
12th IAEE European Energy Conference: Energy Challenge and Environmental Sustainability
Carlo Andrea Bollino
Energy - Interviews
 

Carlo Andrea Bollino, Vice president of the Italian Association of Energy Economists and General Conference Chair of the 12th IAEE European Energy Conference, gives an overview of this year's main themes and challenges tackled during the conference.

Sep
07
2012
 
Rethinking the EU-Turkey Energy Cooperation
by Simone Tagliapietra
Energy - Articles
 

This article aims to provide a comprehensive framework of understanding of the growing strategic relevance of Turkey for both the EU and the overall Euro-Mediterranean region. In particular, the focus is on EU-Turkey energy relations and on the crucial role of natural gas and renewable energy in enhancing energy cooperation between the two players.

Aug
30
2012
 
Carbon Prices for the Next Thousand Years
Reyer Gerlagh
Economics - Interviews
 

As changes in climate-related stocks have consequences spanning over centuries or possibly millennia to the future, to reconcile the discounting of such far-distant impacts and realism of the shorter-term decisions, hyperbolic time-preferences are here considered in a climate-economy model.

Aug
06
2012
 
Conceptualizing Urban Adaptation to Climate Change
by Margaretha Breil and Katie Johnson
Environment - Articles
 

Vulnerability to climate change is an increasingly relevant issue for urban policy makers. Comparing the experiences of several cities, this article examines the levels of administrative adaptation planning, tools and information used in making policy choices, adaptation measures, and the roles of governance and finance in urban adaptation to climate change.

Aug
01
2012
 
From Growth to Green Growth
Stéphane Hallegate
Economics - Interviews
 

Green growth is about making growth processes resource-efficient, cleaner and more resilient without necessarily slowing them. The work presented aims at clarifying these concepts in an analytical framework and at proposing foundations for green growth.

Jul
27
2012
 
Can Advanced Biofuels Deliver?
by Valentina Bosetti, Michela Catenacci, Giulia Fiorese and Elena Verdolini
Energy - Articles
 

The article briefly reports the information collected through an expert elicitation protocol on the future costs of biofuels, the potential role of RD&D (Research, Development and Demonstration) programs and what non-technical barriers to diffusion should be considered when designing renewable energy policies.

Jul
19
2012
 
International Integration and Political Preferences: New Insights from the Recent History of EMU
Sergio Currarini
Economics - Articles
 

International treaties and cooperation processes require prospective member countries to achieve given standards in either economic, social or environmental quality. This article explores the effect of such standards on domestic political preferences to interpret shifts in political outcomes in the Euro-zone.

Jul
09
2012
 
Rio+20: Successes and Failures
Partha Dasgupta, Jean-Philippe Barde
Environment - Interviews
 

In the aftermath of Rio+20, failures and successes can be assessed: if the reform of UNEP, the battle against environmentally harmful subsidies and the acknowledgement of Green Growth as a pillar of Sustainable Development fall below expectations, the voluntary pledges made in Rio and the post-2015 process for Sustainable Development Goals leave a glimmer of hope.

Jun
20
2012
 
Rio+20: Real Progress towards Measuring Sustainable Development?
by Fabio Eboli
Economics - Articles
 

The UNCSD Rio+20 meeting is expected to define the future paradigms of sustainable development. This article presents an overview of the main obstacles toward achieving sustainable development, highlighting the limitations of the current measurement approaches.

Jun
20
2012
 
Energy Access in Rio+20
Arno Behrens, Laura Cozzi, Shonali Pachauri and Josué Tanaka
Energy - Interviews
 

While the earth summit Rio+20 is taking place, top scholars from IEA, KTH, CEPS, IIASA and EBRD discuss the main issues concerning Energy poverty which should be kept at the centre of the political and scientific debate.

Jun
20
2012
 
Green Economy Needs a Carbon Price
Derek Eaton and Ottmar Edenhofer
Environment - Interviews
 

In these interviews on the key topics under discussion at Rio+20, Derek Eaton, co-author of UNEP's Green Economy Report, presents an overview of the Green Economy principles, whilst Professor Ottmar Edenhoffer, co-chair of IPCC WGIII, warns that any step towards sustainability must consider putting a price on carbon.

Jun
15
2012
 
European Migration Policies: the Effect of Uncertainty
by Michele Moretto and Sergio Vergalli
Economics - Articles
 

What drives people to emigrate? How does uncertainty affect migration choice? Do networks mitigate its effects? The results of the study described in this article show that by controlling the information on the immigration stock, governments can delay the mass entry of immigrants, maintaining the required stock both in the long and in the short run.

Jun
08
2012
 
Assessing Climate Change Costs and Benefits for Regional Ecosystems
by Katie Johnson, Robin Leichenko and David Major
Environment - Articles
 

Climate change costs and benefits for regional ecosystems are difficult to quantify. Using New York State as a case study, this article identifies which components of the ecosystems could face the greatest costs due to climate change, and suggests the areas that require more detailed investigation of impacts and adaptation options.

May
31
2012
 
The Logic behind the Green Paradox
by Ines Österle
Environment - Articles
 

What happens when resource owners decide to extract their resources faster in order to protect themselves from future stricter climate policies? In this article Ines Österle reviews a selection of contributions to the Green Paradox literature and discusses the relevance of the theory for real world climate policies.

May
24
2012
 
Is the Land-Grabbing Era Drawing to an End?
by Giulio Sapelli
Economics - Articles
 

Over the last decade local communities in Sub-Saharan Africa, South America, Australia and Oceania have been pressed by multinationals to vacate their land. The Rome agreement, signed on May 11, 2012 by 124 states, calls for economic players to abide by the principles of common law and to negotiate property transactions with the local communities.

May
18
2012
 
Does Income Distribution Affect Energy Investments?
by Nadia Ameli and Daniel M. Kammen
Energy - Articles
 

How can policies and programs influence consumers’ perception and enable investments in energy efficiency in those countries where the population faces financial constraints? This article presents a candidate policy that provides up-front funds to residential property owners, allowing them to make energy-efficiency improvements to their buildings.

May
08
2012
 
The Globalisation of Innovation: Challenges and Opportunities for Europe
by Alireza Naghavi and Maria Comune
Economics - Articles
 

The recent economic crisis has brought to light the importance of opportunities that lie in the newly emerging markets (South). The article introduces the notion of global innovation networks and presents policy options to gain from challenges faced from the internationalisation of innovation activities.

Apr
23
2012
 
Energy Security through Environmental Sustainability: the SECURE Project
by Andrea Bigano, Manfred Hafner and Patrick Criqui
Energy - Articles
 

Between now and 2050, humanity must face a double problem: the growing scarcity of oil and the accumulation of greenhouse gases in the atmosphere. Solving this complicated riddle may appear an even harder task after the Fukushima disaster. This article focuses on a joint interdisciplinary research effort to solve this puzzle.

Apr
11
2012
 
Coordinating to Protect the Global Climate
by Alessandro Tavoni
Environment - Comments
 

Standard public good games are concerned with the creation of a collective gain. Climate change, however, is about avoiding an uncertain public bad. This has been framed as a “collective-risk social dilemma” of sequential contributions to a public climate fund aimed at avoiding a probabilistic loss arising if the target is missed.

Apr
04
2012
 
On the way to Rio+20: Climate Change, Nuclear and Energy Poverty
Fatih Birol
Energy - Interviews
 

In his speech at the Energy Think conference in Venice “Sustainable Energy for All” on March 13th, Fatih Birol, chief economist of the IEA, provided several insights on the critical trends of climate change, nuclear power, and energy poverty arising from the latest World Energy Outlook.

Mar
29
2012
 
Making the Most of Diversity: Conditions for Living Together (differently)
by Dino Pinelli
Economics - Articles
 

The ever growing flows of people, goods, images and ideas at global level are changing the way we see and experience diversity. The question of whether and how we can live and prosper together while keeping and enjoying our differences is becoming the fundamental issue of our time. This is the question at the core of this article.

Mar
23
2012
 
Rethinking the EU Gas Security of Supply Architecture
by Manfred Hafner and Simone Tagliapietra
Energy - Book Reviews
 

The European gas industry has experienced over the last decades an extraordinary success. Natural gas could well continue to play an important -and even increasing- role in the future European energy mix. However, some actions will be necessary to reinforce the overall EU gas security of supply architecture.

Mar
09
2012
 
An Unambiguous Consequence of the Durban Climate Talks
by Robert N. Stavins
Environment - Articles
 

On the way to Rio + 20, international climate expert Robert N. Stavins briefly reviews some key points from twenty years of history of international climate negotiations, from the Rio Earth Summit in 1992 to the Durban Climate Conference in 2011, to explain how the “Durban Platform for Enhanced Action” has opened an important window in climate talks.

Mar
07
2012
 
Prospects for Energy and Climate Policy in China
by Carlo Carraro and Emanuele Massetti
Environment - Articles
 

China’s impressive economic growth, fuelled by its rapid industrial expansion in recent years, has caused a growing appetite for natural resources and energy. High energy intensity of output, coupled with an even higher carbon intensity of energy, have given China a crucial role in determining the world’s future climate.  

Mar
01
2012
 
Does It Matter Who Trades Energy Derivatives?
by Bahattin Büyüksahin and Michel A. Robe
Energy - Articles
 

In the past decade, financial institutions have assumed an ever greater role in energy derivatives (or "paper") markets. Recent studies provide evidence of this "financialization". This article summarizes their findings, identifies questions that remain unanswered, and discusses what data or theoretical breakthroughs could shed light on these issues.

Feb
29
2012
 
Speculation and Oil Price Formation
by Bassam Fattouh
Energy - Articles
 

The sharp swings in oil prices and the marked increase in volatility during the latest 2008-2009 price cycle and more recently in 2011 raise concerns about the role of speculators in the oil market. Observers in the oil industry and in academic institutions have opposing views on the key drivers of oil prices.

Feb
10
2012
 
Assessing the Economic Impacts of Climate Change
by Francesco Bosello, Fabio Eboli and Roberta Pierfederici
Environment - Articles
 

If emissions continue to grow as they have over the last century, the consequences on the ecologic and human systems could be daunting. The key challenge of policy makers is the choice of economically efficient regulations based on analyses that allow reliable and robust comparisons of the costs and benefits of a given policy.

Feb
09
2012
 
Does Corporate Social Responsibility Pay?
by Laura Poddi and Sergio Vergalli
Economics - Articles
 

Over the past two decades there has been an increase in Corporate Social Responsibility (CSR) firms in OECD countries, although socially responsible behaviour is costly. Why, then, is the number of these firms on the increase? What drives companies to obtain this certification? Is there a link between group membership in CSR and better firm performance?

Feb
06
2012
 
The Divorce between Brent and the Oil Prices
by Salvatore Carollo
Energy - Book Reviews
 

For some years now, the price of oil has been out of control. None of the industry players are able to set the price level or influence its movement. Some consumers still believe that the oil price is determined within the context of the power balance between producers and consumers, but since the end of 1998, no one has been able to forecast the oil price correctly.

Jan
31
2012
 
The Future Prospects of PV and CSP Solar Technologies
by Valentina Bosetti, Michela Catenacci, Giulia Fiorese and Elena Verdolini
Economics - Articles
 

This article discusses the results of an expert elicitation survey on solar technologies carried out within the ICARUS project on innovation in carbon-free energy technologies. Leading European experts from the academic world, the private sector and international institutions took part in this survey on Photovoltaic and Concentrated Solar Power technologies.

Jan
25
2012
 
Real Oil Prices since the 1990s
by Claudio Morana
Energy - Articles
 

In this study real oil price dynamics have been assessed over a few important episodes since the 1990s. The evidence provides support to the demand side view: in this respect, macroeconomic shocks would appear to be the major upward driver of the real oil price over the whole period investigated.

Jan
20
2012
 
Speculation, Returns, Volume and Volatility in Commodities Futures Markets
by Andrea Bastianin, Matteo Manera, Marcella Nicolini and Ilaria Vignati
Energy - Articles
 

This article contributes to the literature in two directions. First, it investigates the behaviour of futures prices returns for different energy and agricultural commodities, over the period 1986-2010. Second, it measures the market vulnerability to financial speculation for energy commodities over the period 1992-2010.

Jan
16
2012
 
REDD and Clean Technologies Innovations. Is there a Trade-off?
by Valentina Bosetti
Economics - Articles
 

A key policy question when discussing REDD is how to balance low-cost forestry emission reductions, available in the near term, with investments to drive technological innovation in energy, industry, and other sectors over the longer period. Here we report a research effort showing that linking REDD to an international carbon market is, as expected, economically efficient.

Jan
13
2012
 
Interviews with the experts on “Financial Speculation in the Oil Market and the Determinants of the Oil Price” (PART II)
Thomas F. Helbling, Vincent Kaminski, Lutz Kilian and Robert Levin
Energy - Interviews
 

On the occasion of the international workshop on “Financial Speculation in the Oil Market and the Determinants of the Oil Price”, leading world experts were interviewed on the financial speculation in the oil market and its effects on the price of oil. We here report the interview held with Bahattin Buyuksahin, Senior Oil Market Analyst, International Energy Agency.

Jan
12
2012
 
Interviews with the experts on “Financial Speculation in the Oil Market and the Determinants of the Oil Price”(PART I)
Leo P. Drollas, Bahattin Büyüksahin, Bassam Fattouh and David Fyfe
Energy - Interviews
 

On the occasion of the international workshop on “Financial Speculation in the Oil Market and the Determinants of the Oil Price”, leading world experts were interviwed on the financial speculation in the oil market and its effects on the price of oil. We here report the interview held with Leo P. Drollas, Director and Chief Economist, Centre for Global Energy Studies.

Jan
09
2012
 
FEEM Sustainability Index 2011: Methodological Approach and Main Results
by Fabio Eboli
Economics - Articles
 

Over 20 years of research have failed to generate an alternative to GDP for well-being assessment around the world. FEEM has developed a new methodological approach to generate an aggregate Sustainability Index that describes the current picture of sustainability at world level and highlights potential improvements in the next future driven by ad hoc policies.

Jan
04
2012
 
How Do Lay People Perceive Climate-Change Related Risks?
by Simone Cerroni
Environment - Articles
 

Many studies in psychology suggest that lay people perceive climate change as a moderate risk. While the climate changes were described as an abstract phenomenon in previous investigations, here climate change is described as the source of a concrete environmental risk, showing that people’s perception increases when the risks adversely affect their own lives.

Jan
03
2012
 
Foreign Direct Investment, Multinational Entreprises and Climate Change
by Francesca Sanna Randaccio
Environment - Literature Survey
 

Foreign direct investment may play a key role in the global effort to shift towards a low-carbon economy. Multinational enterprises can contribute in several important ways to climate change mitigation, by providing emission-saving technologies, financial resources and managerial skills to resource-constrained economies, but they need regulatory certainty.



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