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Modern societies face many global challenges. Climate change is certainly among the most urgent and important ones, if not the single most important one, as emphasized by the recent global climate strike movement. Europe has decided to address the widely diffused concern of public opinion on the effects of climate change by committing to reaching climate neutrality by 2050. The European Union can (and actually intends) to play a key leading role as regulator, negotiator and actor in the global climate challenge. While a unilateral European action will not be sufficient per se to stop global warming (as European emissions are only a relatively small part of total greenhouse gas emissions), the EU can lead the world by example in adopting more stringent climate regulations and hence influencing the others’ climate policies.

However, alternative climate policies and regulatory models might emerge at the world level possibly challenging the European leadership in the fight against climate change. Consider, for instance, the case of the European Emission Trading System (EU ETS). As it is frequently argued, the EU ETS represented a prototype for most other ETSs that have been rapidly emerging in the world. But ETSs might progressively diverge over time rather than converge towards a unique model to account for the different institutional frameworks characterising different jurisdictions. The same applies to other European climate measures and policies that might or might not fit other institutional contexts.

  1. This raises some of the questions that we would like to address in the session, namely:
  2. What are the lessons that other jurisdictions, and in particular developing countries, can take from the European climate policy experience?
  3. Can/should the European experience with climate regulation be replicated in non-European contexts? If so, how? If not, why?
  4. How can emerging economies improve upon the European experience and how can Europe learn from others?
  5. Can international cooperation among Emission Trading Systems contribute to promoting a global climate policy?

FSR Climate, together with the Policy Outreach Committee of EAERE (European Association of Environmental and Resource Economists), and in collaboration with the School of Transnational Governance of the EUI, organises this session to promote a more integrated dialogue between academia and policy world, providing advice and support to EU policymakers and institutions in designing policy interventions. The event builds upon the successful experience of policy debates organized by FSR Climate at the State of the Union since 2018 and intends to continue the policy dialogue carried out by FSR Climate under the ongoing LIFE DICET (Deepening International Cooperation on Emissions Trading) project. The project, co-funded by the LIFE Programme of the European Union, focuses on the international carbon market cooperation between the EC and the regulators of other major Emission Trading Systems, namely, California-Quebec, China, Switzerland and New Zealand and intends to support EU and Member State policymakers in deepening international cooperation for the development and possible integration of carbon markets at the world level. The event is intended to address an audience of high-level policymakers, stakeholders and scholars such as those attending the SoU.



Short presentations from the invited speakers followed by a roundtable with views from experts in the field and questions and interventions from the audience to enable an interactive debate among participants.



  • Simone Borghesi, Director, FSR Climate, EUI
  • Jos Delbeke, Professor, School of Transnational Governance, EUI



  • Phoebe Koundouri, Professor, School of Economics, Athens University of Economics and Business; President-Elect EAERE; Chair, UN SDSN Greece; Director EIT Climate KIC Hub Greece; Chair ICRE8 (confirmed)
  • Eswaran Somanathan, Economics and Planning Unit of the Indian Statistical Institute, Delhi, India, and Program Director of CECFEE (Centre for research on the Economics of Climate, Food, Energy and Environment) (confirmed)
  • Harald Winkler, University of Cape Town and Academy of Science of South Africa (confirmed)



  • Christian Gollier, Director of Toulouse School of Economics, President European Association of Environmental and Resource Economists (confirmed)
  • Barbara Buchner, Executive Director Climate Finance, Climate Policy Initiative, San Francisco, USA (tbc)
  • Dominique Bureau, General Delegate of the Economic council for sustainable development, Ministry of Ecology, Sustainable Development and Energy, France (tbc)
  • Ottmar Edenhofer, Professor and interim Director at the Potsdam Institute for Climate Impact Research (tbc)
  • Ben Groom, Grantham Research Institute on Climate Change and the Environment, London School of Economics, London, UK (tbc)
  • Ger Klaassen, Policy Analyst on Strategy and Economic Assessment, European Commission (tbc)
  • Aldo Ravazzi, Vice-President Plan Bleu, and Chief Economist, DG Sustainable Development & International Affairs, Italian Ministry of Environment, Land & Sea (tbc)
  • Andrea Tilche, Directorate General for Research and Innovation, European Commission (tbc)
  • Hermann Vollebergh, Department of Economics, Tilburg Sustainability Centre, and Senior Research Fellow at the PBL Netherlands Environmental Assessment Agency (tbc)


The LIFE DICET project is co-funded by the LIFE Programme of the European Commission.

The present fringe event is organized by FSR Climate and EAERE and is part of the THE STATE OF THE UNION 2020 – 10th edition.


Villa Schifanoia – Sala Europa
Via Boccaccio, 121
Florence, 50133 Italy

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2020 Summer School on Economic Foundations for Energy and Climate Policies
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