FSR Climate is pleased to announce its 6^th FSR Climate Annual Conference to take place online on 26-27 November 2020. The conference will cover the main climate-related existing policies, at EU, national and sub-national levels and will include sessions on Energy efficiency, Renewable policies, Environmental taxation, and Emissions trading.

Due to the COVID-19 pandemic, this year the FSR Climate Annual Conference will be held online.

Keynote Lecture

• Paul EKINS (UCL Institute for Sustainable Resources): Innovation and the Low-Carbon Transition: Insights from INNOPATHS 

Guest Speakers

• Renewable policies – Katheline SCHUBERT (Paris School of Economics): Critical raw materials for the energy transition | Watch the recording
• Energy efficiency –  Anna ALBERINI (University of Maryland): Drive Less, Drive Better, or Both? Behavioral Adjustments to Fuel Price Changes in Germany | Watch the recording
• Emissions trading – Grischa PERINO (University of Hamburg): The EU ETS is not fit for purpose: Why a new design of the MSR is urgently needed  | Watch the recording
• Environmental taxation – Linus MATTAUCH (University of Oxford): Building public support for environmental taxes beyond carbon | Watch the recording

Conclusion and Highlights

• Simone BORGHESI, Director of FSR Climate, Chair of the Conference

List of the presented papers

• Innovation and the Low-Carbon Transition, Paul Ekins (UCL) [slides]

Renewable energy

• Critical raw materials for the energy transition, Katheline Schubert (Paris School of Economics), Aude Pommeret and Francesco Ricci [slides]
• Local economic impacts of wind power deployment in Denmark, Claire Gavard (ZEW – Leibniz Centre for European Economic Research), Jonas Göbel [slides]
• Renewable energy policies in federal government systems, Jasper Meya (Leipzig University), Paul Neetzow [slides]
• Financing renewables in the age of falling technology costs, Karsten Neuhoff (DIW Berlin), Nils May, Jörn C. Richstein [slides]
• Fossil fuels subsidy removal and the EU Green Deal policy mix design, Valeria Costantini (Roma Tre University), Alessandro Antimiani, Elena Paglialunga [slides]

Energy Efficiency

• Drive Less, Drive Better, or Both? Behavioral Adjustments to Fuel Price Changes in Germany, Anna Alberini (University of Maryland), Marco Horvath and Colin Vance [slides]
• Discriminatory subsidies for energy-efficient technologies and the role of social preferences, Joachim Schleich (Grenoble Ecole de Management), Valeria Fanghella, Corinne Faure, Marie-Charlotte Guetlein [slides]
• The effects of energy retrofits on residential energy expenditures and carbon emissions: Empirical evidence from France, Matthieu Glachant (MINES ParisTech), Victor Kahn [slides]
• Behavioral Anomalies and Fuel Efficiency: Evidence from Motorcycles in Nepal, Suchita Srinivasan (ETH Zurich), Massimo Filippini, Nilkanth Kumar
• When Nudges Fail to Scale: Field Experimental Evidence from Goal Setting on Mobile Phones, Andreas Loeschel (University of Münster), Matthias Rodemeier, Madeline Werthschulte [slides]

Emissions Trading

• The EU ETS is not fit for purpose: Why a new design of the MSR is urgently needed, Grischa Perino (University of Hamburg), Michael Pahle, Simon Quemin, Maximilian Willner [slides]
• The effect of climate policy on productivity and cost pass-through in the German manufacturing sector, Beat Hintermann (University of Basel), Corrado Di Maria, Maja Zarkovic, Ulrich Wagner [slides]
• Catching up and falling behind: Cross-country evidence on the impact of the EU ETS on  productivity growth, Nicolas Koch (Mercator Research Institute on Global Commons and Climate Change), Michael Themann [slides]
• Leave or remain? An evolutionary approach to carbon leakage in Emission Trading Systems, Angelo Antoci (University of Sassari), Simone Borghesi, Gianluca Iannucci, Mauro Sodini [slides]
• Is designing environmental markets as financial markets a good thing?, Simon Quemin (Potsdam Institute for Climate Impact Research), Michael Pahle

Environmental Taxation

• Building public support for environmental taxes beyond carbon, Linus Mattauch (University of Oxford) [slides]
• Understanding the political economy of carbon taxes, Thomas Sterner (University of Gothenburg), Jens Ewald, Erik Sterner [slides]
• The Heterogeneous Incidence of Fuel Carbon Taxes: Evidence from Station-Level Data, Marita Laukkanen (VATT Institute for Economic Research), Jarkko Harju, Tuomas Kosonen, Kimmo Palanne [slides]
• The impact of carbon prices on optimal renewable energy support, Jan Abrell, Mirjam Kosch [slides]
• International production chains and the pollution offshoring hypothesis: an empirical investigation, Aurélien Saussay (London School of Economics), Natalia Zugravu-Soilita

The FSR Climate Annual Conference 2020 is organised with the support of EAERE.

Past editions of the FSR Climate Annual Conference

FSR Climate Annual Conference 2019

FSR Climate Annual Conference 2018

FSR Climate Annual Conference 2017

FSR Climate Annual Conference 2016

FSR Climate Annual Conference 2015

The modal shift from road to rail freight transport represents an important pillar of the EU strategy to make the European transport system greener and more sustainable, effectively combatting road congestion and helping to advance the climate neutrality agenda. In its European Green Deal communication, the European Commission reaffirms its commitment to shifting a substantial part of the 75% of inland freight carried today by road onto rail and inland waterways. This, in turn, will require measures to manage better, and to increase the capacity of railways, which the Commission is set to propose by 2021.

The development of Rail Freight Corridors (RFC) remains a central pillar of the Commission’s policy to boost rail freight. In this regard, the Regulation concerning a European Rail Network for Competitive Freight (Regulation EU 913/2010), which entered into force in 2010, requests Member States to establish international market-oriented RFCs to meet three sets of challenges. These include the strengthening of cooperation between Infrastructure Managers (IMs) on key aspects, such as path allocation, deployment of interoperable systems and infrastructure development; striking the right balance between freight and passenger traffic along the RFCs, while securing adequate capacity and priority for freight in line with market needs and ensuring that common punctuality targets for freight trains are met; and lastly, promoting inter-modality by integrating terminals into corridor management and development. A decade following the Regulation’s entry into force, however, the results achieved in the Member States remain insufficient, and the share of rail freight stagnates at around 18%.

The Commission is currently in the process of finalising its evaluation on the implementation of Regulation (EU) 913/2010, and a Staff Working Document on the results is expected by December 2020. The revision of the Regulation, as an important prerequisite for competitive freight and modal shift, is an opportunity to move away from a single corridor to a European Rail Freight Corridor Network approach.

In order to facilitate this shift, the governance of the RFCs should be reconsidered. Article 8 in Regulation 913/2010 sets the rules for the governance of RFCs. These include the competences of the Executive Board (EB), the Management Board (MB), the Railway Undertaking advisory group (RAG), as well as the advisory group of Managers and Owners of the terminals (TAG). In reality, the interaction between different stakeholders within one corridor is not always coordinated, not to mention the coordination between different corridors, as many freight trains run on more than one single corridor, not to mention the fact that many operators use several corridors.

Digitalisation has the potential to overcome some of the inefficiencies derived from the fragmentation of European rail freight transport: it can facilitate the monitoring of performance in each RFC, improve the management of capacity by better coordinating the allocation of existing capacity, and also empower RFCs to manage traffic, both under regular conditions but also when disruptions emerge. However, the question as to the extent to which digitalisation of RFCs will be sufficient to solve the more pressing problems of rail freight transport remains open.

In addition to improving the regulatory and strategic framework, enhancing rail freight transport’s competitiveness requires a rail network adapted to specific rail freight needs, which entails making the most efficient use of the available funding. In many cases, investment decisions are largely taken at national level, often without proper coordination across borders.

Against this backdrop, the 20th Florence Rail Forum, co-hosted by the Transport Area of the Florence School of Regulation and the Commission’s DG MOVE, will provide a well-timed platform for discussion of the results and next steps for the evaluation of Regulation (EU) 913/2010. Stakeholders representing national transport and infrastructure policy authorities, rail infrastructure managers, railway undertakings, owners and operators of terminals, national regulatory and governmental bodies, among others, will have an opportunity to discuss issues central to the future governance and management of RFCs. In particular, participants will be invited to critically discuss the role of a supranational entity in improving the performance of RFCs, as well as the role of digitalisation in the management and operation of RFCs. Last but not least, the forum will seek to identify how the financing needs for the development of RFCs can be met, and if more public investments may be needed.

Please kindly note that this event is by invitation only.

SPEAKERS’ PRESENTATIONS:

Setting the scene: Objectives and Gaps in the Implementation of Regulation (EU) 913/2010 (‘the RFCs Regulation’)

Matthias Finger | Florence School of Regulation, Transport Area

Maurizio Castelletti | European Commission, DG MOVE

Session A.  Is there a need for a supranational entity to improve the performance of RFCs (network manager)? Which functions such a network manager should assume?

Eric Lambert | CFL Multimodal, representative of the UIC ECCO group

Emanuele Mastrodonato | European Rail Freight Corridor Scandinavian Mediterranean

Session B. What role can digitalisation (network-wide information sharing and processing) play in the management and operation of RFCs?

Harald Reisinger | RailNetEurope

Pietro D’Arpa | Procter&Gamble

Katrien De Langhe | Antwerpen University

Session C. How to finance the development of RFCs, in particular infrastructure services? What investments are necessary? How much the industry is ready to support these investments? Do we need more public investments? 

Anne Elisabet Jensen| The Baltic-Adriatic Corridor

Claus Eberhard | European Investment Bank

Ulla Kempf | SBB Cargo International AG, representative of the Rail Freight Forward

>> Watch the Webinar Recording here <<

Declared as ‘European Year of Rail’, 2021 will be the first full year when the rules agreed under the Fourth Railway Package will be implemented throughout the EU Member States. These rules are designed to open up the domestic passenger services market and reduce costs and the administrative burden for railway undertakings operating across the EU.

More specifically, 14^th December 2020 is the date set for the opening up of the EU passenger railway market. To mark this important step in the path towards the liberalisation of railway services, the Transport Area of the Florence School of Regulation will bring together European Commission stakeholders along with some of the leading researchers who authored the recently published Handbook on Railway Regulation for a well-timed discussion on its main findings.

Despite numerous liberalisation attempts in recent years, the railway sector is still excessively complex, with regulations varying throughout the world. The Handbook on Railway Regulation gathers, for the first time, these various approaches and practices, using a historical and systematic approach to identify the main lessons for all countries.

The Handbook provides a comprehensive overview of the state-of-the-art in railway regulation with a particular focus on countries that rely heavily on railways for transportation links. The Handbook also considers the most pressing issues for those working in and with railway systems, and outlines future trends in the development of rail globally.

Keynote Speakers:

• Matthias Finger, Director of FSR-Transport, EUI and Co-editor of the Handbook on Railway Regulation 
• Elisabeth Werner, Director Land Transport, DG MOVE, European Commission
• Elzbieta Lukaniuk, Member of Commissioner Adina Vălean’s Cabinet in charge of Rail

Short Interventions followed by an open Discussion moderated by Prof. Juan Montero

• Zdeněk Tomeš, Professor, Department of Economics, Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic; Contributing Author of the Handbook on Railway Regulation, “Regulatory challenges of open-access passenger competition in the Czech Republic”
• Stéphane de La Rosa, Professor of Public Law, University Paris-Est Créteil, Paris, France; Contributing Author of the Handbook on Railway Regulation, “The ongoing Process of Liberalisation of the Railway Sector in France
• Juan Montero, Part-time Professor at FSR-Transport, EUI/ UNED, and Co-editor of the Handbook on Railway Regulation

SLIDES:

Matthias Finger – Florence School of Regulation Transport Area

Zdeněk Tomeš – Masaryk University

Second debate devoted to Guarantees of Origin

The EU Strategy for Energy System Integration, released in July this year, calls for a “more circular energy system, with energy efficiency at its core, in which the least energy-intensive choices are prioritised”. A holistic approach to deliver overall efficiency in achieving the renewables penetration target requires a “common currency” which provides a consistent (price) signal against which the cost of different technologies and renewable vectors can be assessed.

More generally, as the renewable penetration target could be achieved with different mixes of technologies and renewable energy vectors (renewable electricity, renewable gases, biomass,etc.), an approach is needed which promotes the achievement of the target at least cost. And the need for least-cost solutions will be greater the more ambitious the renewable target becomes.

In the first debate, which took place on October 6^th, we looked at the extent to which Guarantees of  Origin (GOs) could become, if “upgraded’, this ‘common currency’. As such, they would promote the achievement of the renewables energy penetration target at least costs via a mix of renewable-based vectors, through the equalization of the marginal costs of replacing the conventional form of each vector with its renewable equivalent.

The panel discussed the potential role that such enhanced GOs could play in the context of the energy transition and sector integration, guided by cost-effective and evidence-based policies. An enhanced role for GOs would imply a number of additional requirements in terms of standardisation/harmonisation of GOs, and better tradability and traceability.

While the FSR proposal received overwhelming support, in the course of the event, questions on the relationship between upgraded GOs, EmissionsTrading, and other support schemes were raised, which should trigger an assessment of the current governance of the GOs and its features in this new role.

The webinar will be moderated by llaria Conti (Florence School of Regulation) and Alberto Pototschnig (Florence School of Regulation and former ACER Director).

Watch the recording:

Invited speakers:

Jeppe Bjerg | Gas Infrastructure Europe

Katrien Verwimp | AIB

Roelf R. H. Titkak | ERGAR

Michele Governatori | former President EU Energy Retailers

Background

During her first State of the Union speech, President of the European Commission-Ursula von der Leyen-proposed to raise the EU 2030 greenhouse gas (GHG) reduction target to at least 55% as part of a broader European Green Deal framework aimed at reaching climate neutrality by mid-century. It means that the share of renewable energy in the final energy consumption is expected to increase to 38.5% by 2030 and achieving this target will require not only additional investment but also a sound internal market framework and cost-effective planning and development of renewable energy technologies. To this end, the European Commission is planning a major overhaul of the current RES framework. The legislative proposals are expected in June 2021 and one of the focus areas is the creation of a comprehensive terminology for all renewable and low-carbon fuels and the European system of certification of such fuels building upon full life cycle GHG savings and sustainability criteria and existing provisions, i.e. Renewable Energy Directive 2 provisions.

FSR Talk with IEA

with Gergely Molnar and Sylvia Beyer, IEA

Hosted by Ilaria Conti, FSR Gas and Jean-Michel Glachant, FSR Director

In its recently published Global Gas Security Review 2020, the International Energy Agency estimates a fall in global gas by 3% or 120 billion cubic metres (bcm) – its largest drop on record. Faced with a historic fall in global gas demand in the first half of the year, gas producers and exporters have had to provide flexibility to adjust supply. LNG was one of the key enablers of this adjustment, with monthly global exports decreasing by 17% between January and July.

“Without the flexibility of global LNG supply, the adjustment to the 2020 demand shock would have been less orderly, and could potentially have had a damaging effect on the commercial and contractual structures underpinning global gas trade” says the IEA report.

At the same time, in Europe, the strong commitment towards decarbonisation and the initiatives undertaken to achieve a net-zero economy in 2050 are re-shaping the EU gas market – the traditional security of supply provider – with profound changes expected in the next few years at infrastructure, market and governance levels.

On the other hand, security of supply and flexibility are also to be provided via the electricity markets, even more in an increasingly electrified and integrated European energy system. Indeed, the IEA has just published its Report on Power Systems in Energy Transition.

How will energy security and flexibility be guaranteed in the future Energy Integrated System? Will LNG become the ultimate provider of security of supply?

Watch the recording:

#FSRTalks 

FSR talks is a series of live interviews with experts from the wider network of the school to showcase and discuss a recent work (a book just published, interesting study, innovative project) in a light and interactive way.

Hosted by: Prof. Jean-Michel Glachant, Ilaria Conti, Swetha Baghwat

Conversation with Hélène Chraye, Head of Unit ‘Clean Energy Transition’ at DG Research EC

Watch the recording:

Addressing methane emissions in the context of energy system integration is a joint webinar organised by the Florence School of Regulation and the Environmental Defense Fund

Watch the recording:

Background

During her first State of the Union speech, President of the European Commission – Ursula von der Leyen – proposed to raise the EU 2030 greenhouse gas (GHG) reduction target to 55% as part of a broader European Green Deal framework aimed at reaching climate neutrality by mid-century. Reaching the 55% target requires not only substantial cuts of CO2 emissions, but also a 35-37% reduction of methane emissions by 2030 compared to 2005.

The EU Commission adopted the EU Strategy to reduce methane emissions on 14 October 2020. The strategy addresses all major sources of methane emissions in the EU – agriculture, waste, and energy, including the oil and gas sector. The discussions in the strategy will evolve in parallel to the reform of the EU Gas Market Design in line with two policy documents laying down the foundations of the future EU energy system – ‘An EU Strategy for Energy System Integration’ and ‘A hydrogen strategy for a climate-neutral Europe’ published by the EU Commissions earlier this year.

With the 2050 carbon neutrality objective in mind, those documents shed more light on how the EU energy systems will change in the next few years with the aim, among others, to reduce the gap between how the EU electricity and gas systems look like now, and how they should be organized in 2050.

According to the ‘EU Strategy for Energy System Integration’, “investments in energy infrastructure typically have an economic life of  20  to  60  years.  The steps taken in the next five-to-ten years will be crucial for building an energy system that drives  Europe towards climate neutrality in 2050”.

It is thus worth reflecting on how the next investments in the energy sector could embrace the need to address and reduce methane emissions

System integration implies a full re-thinking of the role of gas in the EU, which currently accounts for 25% of the EU energy mix. In the path towards 2050, we can expect decreasing natural gas demand^[1] and the increasing supply of low-carbon and renewable gases, such as biogas, biomethane, and hydrogen.

The production of biogas and biomethane in particular could help to decrease methane emissions from agriculture and waste, on condition that methane emissions from the production and transport of low-carbon gases are minimized.

The EU Hydrogen Strategy includes the use of fossil-based hydrogen combined with carbon capture with a caveat that “the Commission will address upstream methane emissions occurring during the production and transport of natural gas and propose mitigating measures as part of the upcoming EU Strategy on Methane”.

Taking into account the increasing demand for natural gas in some EU Member States, such as Poland, and the gradual substitution of natural gas with low-carbon alternatives, the issue of the prevention and abatement of methane emissions is likely to persist.

What climate value for gas?

The event will address the following questions:

• How could the reduction of methane emissions contribute to the achievement of the European Green Deal and Paris Agreement objectives?
• How to provide clear information to the consumers on the methane-intensity of gas they consume, including from imports?
• Should methane emissions performance standards be used to give clear signals to investors both through the sustainable finance taxonomy and through mandatory disclosure under the Non-Financial Reporting Directive?
• How to ensure that the supply of low-carbon and renewable gases do not lead to the increase in the domestic EU methane emissions?
• Whether and how to incorporate the methane emission abatement actions into the revision of the TEN-E Regulation?
• How to create the right incentives for the EU network companies to reduce methane emissions in the distribution segment?

The webinar will be moderated by prof. Andris Piebalgs, Florence School of Regulation and former EU Commissioner for Energy. A Q&A session with the audience will follow.

Speakers:

Stefano Grassi | European Commission

Jutta Paulus | European Parliament (Greens/European Free Alliance)

Nicolás González Casares | European Parliament (Socialists & Democrats)

Mark Radka | UN Environment Programme

Poppy Kalesi | Environmental Defense Fund

Francisco de la Flor | Enagás / Gas Infrastructure Europe

Antoine Rostand | Kayrros

^[1] Apart from the Central and Eastern Europe (CEE) region, where natural gas is expected to substitute coal in electricity production and district heating.

Session 3 of the FSR Global Energy Innovation Week

Sustainable development goals imply aligning specific infrastructure investment needs with broader long-term development strategies. This requires a combination of policies (energy, climate and industrial policies), innovative financing solutions and support to technological development. Significant efforts associated with an investment in green, climate-resilient infrastructure are planned for the near future. Actually, as a part of the economic recovery action (associated with the potential contra-cycle measures post coronavirus crises), financial institutions may play an important role to guarantee efficient investments.

In the past decade, macroeconomic policies together with sector-specific factors have facilitated investor interest in green infrastructure. In fact, we have observed new profiles on the investment side, like pension funds, sovereign wealth funds and insurance companies. These companies have been increasing the value of creating an alternative asset class based on new infrastructure characteristics.

Public sector funding has been traditionally the main tool to include this kind of uncertain investment in market dynamics. However, for various reasons, public sector funding alone will be insufficient to meet the investment needed for the global transition to low-carbon economies, making significant private-sector involvement imperative.

In Session 3, we intend to address, among other topics:

• How to standardize the definition of “green investment”?
• What kind of policy we can design to facilitate the establishment of low-carbon infrastructure as an asset class?
• How to match expected returns with acceptable levels of risk?

FSR Global Energy Innovation Week

Energy Innovation Week will be comprised of 3 sessions, which intend to contribute the identification of common elements of the population of challenges that conform the current regulatory landscape, in order to define a framework that facilitates regulatory learning to realize financing of energy transitions.

Session 1: Digitalization and long-term investment in energy assets

Session 2: Public financing of green innovation: Matching offers and demand for financing

Session 3: Mobilising private investment for green, climate-resilient energy assets: The role of innovation in finance

Learn more about FSR Global’s Energy Innovation Week.

Session 2 of the FSR Global Energy Innovation Week

Relevant recent literature states that direct and pervasive public financing has been instrumental in the development of innovative technological trajectories. The reasoning builds on: (i) the presence of finance from public sources across the entire innovation chain; (ii) the concept of ‘mission-oriented’ policies that have created new technological and industrial landscapes; and (iii) the entrepreneurial and lead investor role of public actors, willing and able to take on extreme risks, independent of the business cycle.

On the other hand, public financing depends largely on the availability of funds. The available capital (human or otherwise) for different jurisdictions is different, which may motivate a case for heterogeneity of policies regarding innovation funding.

Moreover, the question becomes more complicated when the connection between public and private is not straightforward. The gap between infrastructure needs and available finance may be relevant and public policies may help in bridging that gap.

In Session 2, we intend to address, among other topics:

• Discuss the role of public finance in the development of green infrastructure
• The role of project structuring in de-risking of green infrastructure
• What level of risk is acceptable/desirable for public institutions?

FSR Global Energy Innovation Week

Energy Innovation Week will be comprised of 3 sessions, which intend to contribute the identification of common elements of the population of challenges that conform the current regulatory landscape, in order to define a framework that facilitates regulatory learning to realize financing of energy transitions.

Session 1: Digitalization and long-term investment in energy assets

Session 2: Public financing of green innovation: Matching offers and demand for financing

Session 3: Mobilising private investment for green, climate-resilient energy assets: The role of innovation in finance

Learn more about FSR Global’s Energy Innovation Week.

In this online debate, we will discuss the latest energy sector decisions from the European Courts of Justice and consider the wider repercussions of these developments. Several important issues have been raised via the Courts in recent months and several further important rulings are expected in the coming weeks, including on dispute settlement, the Hinkley Point nuclear power plant, and EU state aid rules. We will present the key aspects of these cases, weigh the reasoning of the courts, and reflect on the implications of these decisions.

The cases we will address are:

·   Case C-238/18: GRDF SA v Eni Gas and Power France SA on dispute settlement and the extent of the powers of regulatory authorities

·   Case C-594/18 P: Austria v European Commission – an update on the ECJ’s review of the Hinkley Point judgment on state aid

·   Case T-479/11 – Case T-157/12 (appeal of Case C-438/16 P Commission v France and IFP Énergies Nouvelles) on state aid

‘Ones to Watch’:

·   Case C-705/19: AXPO Trading v Gestore dei Servizi Energetici SpA – GSE

·   Case T-300/19: Achema and Lifosa v Commission

We will be taking questions throughout the live session, but we also invite you to submit your questions in advance in the registration form.

More on ECJ Case Law

If you want to catch up on earlier CJEU developments in the year, you can watch a recording of our session from April 2020 here.

#FSRDebates

The focus of the debate series is on recent court cases, regulatory decisions, EU legislation, or public consultations to be discussed by a panel of experts. Learn more about the FSR series.

Session 1 of the FSR Global Energy Innovation Week

Technological innovation may just increase the efficiency of industry, significantly transform it, or even disrupt entirely it. To transform or to disrupt, innovation needs to change the industry players and the way they interact. We focus on smart contracts and the link to the discussion on open energy markets. The rationale behind it is that the political discussion on digitalization and the technology discussion on Distributed Ledger Technologies and the Internet of Things comes together in the form/type of contracts in the future.

Clarifying the form/type of contracts will help to clarify what needs to be done in terms of market rules in the future. We may think the digitalization of energy industries as made up of three levels: i) challenges of data production and management; ii) the design of a digital energy marketplace; and iii) the consumer side of the new marketplaces, i.e. how these changes add value to consumers. In this debate, we deal with the changes in market design, and our proposal is to articulate the analysis on smart transactions, in the sense that they represent the bridge between the data side and the consumer side of the change associated with the digital transformation. We will discuss three aspects of regulatory learning:

• The needs of data that is not available, and also to disseminate what data is available but stakeholders do not know
• Potentially anti-competitive behaviours
• Standard clauses for automated long-term contracts, and the associated financial aspects

FSR Global Energy Innovation Week

Energy Innovation Week will be comprised of 3 sessions, which intend to contribute the identification of common elements of the population of challenges that conform the current regulatory landscape, in order to define a framework that facilitates regulatory learning to realize financing of energy transitions.

Session 1: Digitalization and long-term investment in energy assets

Session 2: Public financing of green innovation: Matching offers and demand for financing

Session 3: Mobilising private investment for green, climate-resilient energy assets: The role of innovation in finance

Learn more about FSR Global’s Energy Innovation Week.

As the global share of renewable energy generation continues to increase, transition planning is required to ensure that fossil fuel dependent regions and workers are not stranded by the energy transition or by climate change policy. FSR Talks invites leading experts to discuss possible pathways towards a sustainable, low carbon and equitable energy system which is better for people and the environment. Given the high levels of poverty and growing unemployment in the developing world, energy and climate policy must contribute to a development pathway that addresses these socio-economic challenges.  The discussion will highlight various elements of a just energy transition on universal access to affordable and clean energy, corporate and business reform, the shift in ownership of energy, empowerment of workers and communities and environmental restoration.

The topic of the debate is ‘Just Energy Transition: What and how to go about it?’. How different are the transition journeys in the developed and developing world?

Watch the recording:

In this FSR Talks, Swetha Bhagwat, Head of FSR Global will interview Rohit Chandra, Asst. Prof at IIT Delhi and Visiting Fellow, Centre for Policy Research, who will present based on his work over the last decade on coal sector reforms and the socio-political challenges around the just energy transition in India. Challenging him would be three experts – Jesse Burton from University of Cape Town bringing in views from the South African context, followed by Johan van den Berg, Head of the Secretariat of Africa-EU Energy Partnership from the African context and Jean-Michel Glachant, Director of the Florence School of Regulation from the European context.

A Q&A will take place with the audience after the debate, you may also submit your questions in advance in the registration form.

The event will take place on Zoom and it will be live streamed on our social media channels.