Bruegel.

The European Union is discussing a phased embargo on all imports of Russian crude oil and oil products (hereafter oil). This will affect 30 percent of EU crude oil imports and 15 percent of oil product imports, constituting a systemic and asymmetric shock. For the EU as a whole, the situation may be manageable by […]

The European Commission should not make the implementation of a carbon border adjustment mechanism into a must-have element of its climate policy. There is little in the way of strong empirical evidence that would justify a carbon-adjustment measure. Moreover, significant logistical, legal and political challenges will arise during the design. The EU should instead focus […]

Scientists report that global temperature increases must be limited to below 1.5 degrees Celsius. With global greenhouse gas emissions continuing to increase and rising temperatures driving up the frequency of extreme weather events, the world needs a greater commitment to climate policy – writes Guntram B. Wolff for Bruegel think tank.

The new members of the European Parliament and European Commission who start their mandates in 2019 should put in place major policy elements to unleash the energy transition. It is becoming economically and technically feasible, with most of the necessary technologies now available and technology costs declining. The cost of the transition would be similar […]