Research

The School carries out applied research with the purpose of developing economically, legally, and socially-sound regulation and policy, using a multidisciplinary approach.

EU transport competitiveness

The European Union is entering a decade that will be decisive for its global competitiveness. This is particularly the case in the transport sector....

Authors
Elodie  Petrozziello JJMP
Article
Should I offset or should I plough? : voluntary carbon offsets and ETS in an evolutionary model
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Article
The regulatory framework for independent aggregators
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Executive Education

We offer different types of training: Online, Residential, Blended and Tailor-made courses in all levels of knowledge.

Policy Events

A wide range of events for open discussion and knowledge exchange. In Florence, Brussels, worldwide and online.

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Discover more initiatives, broader research, and featured reports.

Energy Regulation Academy

The Energy Regulation Academy (EnRA) is a 3-year capacity-building initiative to help accelerate the energy transition in Europe.

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Forum

5th Florence Air Forum. Markets in Air Traffic Control and the evolving role of Eurocontrol

24 March 2014

The virtues of a Single European Sky (SES) have been acknowledged by all major stakeholders for a long time. It would reduce delays, increase safety, reduce the environmental impact of aviation and the costs for airlines related to air navigation service provision.

In practice this common understanding has however not led to a significant advancement of the SES. In fact, in spite of several attempts to push forward the necessary reforms in Air Traffic Management, the SES seems to be in gridlock. However with traffic volumes predicted to further increase the challenge to integrate the European Sky remains nonetheless acute – as it would be impossible to achieve the necessary capacity increases without raising the efficiency of Air Traffic Control (ATC). Different ways to achieve further steps towards a Single European Sky in spite of the political gridlock are therefore urgently needed.

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FSR Annual Conference

2nd Conference on the Regulation of Infrastructure Industries: Regulation in an Age of Convergence

07 June 2013

The main infrastructures – energy, transport, and communications – have experienced significant liberalization processes over the past 30 years. Liberalization has generally been accompanied by market dynamics, as evidenced by the emergence of new entrants. But we have also witnessed a reinforcement of the historical operators (incumbents), which have often diversified into adjacent industries and even beyond, raising the question of their regulation as well as the question of the regulation of converging industries, as in the case of postal services and telecommunications, electricity and gas, or intermodal transport for that matter.

This evolution constitutes as many challenges for regulation, regulatory bodies and regulatory policy more generally. This conference aims at exploring these challenges for regulation and regulators across the infrastructures and in an interdisciplinary manner, combining engineering, economics, law, and political science.

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FSR Annual Conference

3rd Conference on the Regulation of Infrastructures: Taking stock of current challenges

13 June 2014

Continuing the successful format, the 3rd  Conference on the Regulation of Infrastructures will take place on Friday, 13 June and bring together all research areas of the Florence School of Regulation to discuss current challenges in the regulation of the Infrastructure Industries.

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FSR Annual Conference

1st Conference on the Regulation of Infrastructure Industries

15 June 2012

The main infrastructures – energy, transport, and communications – have experienced significant liberalization processes over the past 30 years. Liberalization has generally been accompanied by market dynamics, as evidenced by the emergence of new entrants. But we have also witnessed a reinforcement of the historical operators (incumbents), which have often diversified into adjacent industries and even beyond, raising the question of their regulation as well as the question of the regulation of converging industries, as in the case of postal services and telecommunications, electricity and gas, or intermodal transport for that matter.

This evolution constitutes as many challenges for regulation, regulatory bodies and regulatory policy more generally. This conference aims at exploring these challenges for regulation and regulators across the infrastructures and in an interdisciplinary manner, combining engineering, economics, law, and political science.

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FSR Climate Annual Conference 2015

From 22 October 2015 to 23 October 2015

The FSR Climate 2015 Annual Conference focused on the economic assessment of European climate policies.It covered the main climate-related existing policies at EU, national and subnational levels and included the following sessions, each of them with an invited speaker:

Martin Weitzman (Harvard University, USA) gave the keynote speech.

As part of the conference a Round Table  on the Distribution of Costs of Climate Change Impacts and Policies took place on  22 October, from 17.00-19.00 at the Palazzo Guadagni Strozzi Sacrati (Presidenza Regione Toscana).  See the recording of the round table.

Download the programme.

Audio Interviews

Papers/Presentations

DAY 1

Plenary presentation: Renewable energy policy Mario Ragwitz,  Fraunhofer ISI

Session 1: Renewable energy policy

Ex-post assessment of carbon abatement and revenue effects of wind energy penetration (PAPER) Jan Abrell, Mirjam Kosch (ETH), Sebastian Rausch

Electricity imports from large-scale photovoltaics to Europe: distributional implications for Europe, Middle East and North African regions (PAPER) Birgit Bednar-Friedl, Iris Grossmann, Wolf Grossmann, Stefan Nabernegg (University of Graz), Thomas Schinko

Network transmission versus demand response: what is the impact on renewables? An application to Ireland and France (PAPER) Sean Collins, Paul Deane, Valeria Di Cosmo (Trinity College Dublin)

Session 2: EU ETS

Combining prices and quantities pollution controls under partitioned environmental regulation Jan Abrell (ETH), Sebastian Rausch

Outward foreign direct investments patterns of Italian firms in the EU-ETS Simone Borghesi (University of Siena), Chiara Franco, Giovanni Marin

Installation exit in the EU ETS industrial sector Stefano Verde (EUI), Christoph Graf, Thijs Jong, Claudio Marcantonini

Plenary presentation: The EU ETS: ten years and counting  Claudio Marcantonini, FSR Climate, EUI

Session 3: EU ETS

Free allocation and the endowment effect in Cap-and-Trade systems: evidence from the European electricity sector Aleksandar Zaklan (DIW)

Politics matters: regulatory events as catalysts for price formation under cap-and-trade (PAPER)  Nicolas Koch (Mercator Research Institute on Global Commons and Climate Change), Godefroy Grosjean, Sabine Fuss, Ottmar Edenhofer

Absolute vs. intensity-based emissions caps for target setting: an obstacle to linking the EU ETS to Chinese national ETS?  (PAPER) Yingying Zeng (University of Groningen), Stefan E. Weishaar, Oscar Couwenberg

Searching for carbon leaks in multinational companies (PAPER) Antoine Dechezleprêtre, Caterina Gennaioli, Ralf Martin, Mirabelle Muûls, Thomas Störk (Pompeu Fabra University)

Session 4: Renewable energy policy

On the economics of electricity markets with renewable energies Carsten Helm, Mathias Mier (University of Oldenburg)

The Swiss energy transition: a demand-side perspective (PAPER)  Alessandra Motz (Università della Svizzera italiana), Rico Maggi

Keynote speech: Can negotiating a uniform carbon price help to internalize the global warming externality? Martin Weitzman, Harvard University

DAY 2

Plenary presentation: Energy taxation to correct external costs  Ian Parry, International Monetary Fund

Session 5: Environmental taxation

A carbon tax and the risk of inequity (PAPER) Emmanuel Combet (CIRED), Frédéric Ghersi, Jean-Charles Hourcade, Camille Thubin

Solving the climate dilemma, an International carbon-price commitment promotes cooperation Peter Cramton (European University Institute, University of Maryland and University of Cologne), David MacKay, Axel Ockenfels, Steven Stoft:

“Global Carbon Pricing – We will if you will”, in review, MIT Press, January 2016 “Price Carbon – I will if you will”, Nature, 526, 315-316, 15 October 2015 [Presentation]

Carbon taxes, oil monopoly and petrodollar recycling (PAPER) Waldemar Marz (IFO), Johannes Pfeiffer

Welfare effects of carbon-based motor vehicle taxes: insights from Europe and policy implications Theodoros Zachariadis (Cyprus University of Technology), Clerides Sofronis

Session 6: EU ETS

The European Union Emissions Trading System and the market stability reserve: optimal dynamic supply adjustment Sascha Kollenberg, Luca Taschini (LSE)

Solving the clinker dilemma with hybrid output-based allocation (PAPER) Frédéric Branger, Misato Sato (LSE)

What structural reform for EU ETS? (presentation); Scanning the Options for a Structural Reform of the EU Emissions Trading System (PAPER) Stefan Schleicher (University of Graz), Angela Köppl, Alexander Zeitlberger

Energy market integration and the EU Emissions Trading System: evidence of electricity leakage Stefan E.Weishaar, Sami Madani (The Advisory House)

Plenary presentation: Impact of energy policy instruments on the level of energy efficiency Massimo Filippini (ETH)

Session 7: Energy efficiency policy

Evaluation of the EU current energy efficiency policies Paolo Zancarella, Paolo Bertoldi (European Commission) Double moral hazard and the energy efficiency gap (PAPER)  Louis-Gaëtan Giraudet (CIRED), Sebastien Houde

Heterogeneity in welfare and inequality effects of the German energy transition: Residential energy demand  Miguel A. Tovar-Reanos (ZEW), Nikolas Wolfing

Session 8: Renewable energy policy

Sensitivity of mitigation costs to regional and technological detail: the case of the Italian electricity sector Yiyong Cai, Gabriele Standardi (FEEM)

Should we extract the European shale gas? The effect of climate and financial constraints (PAPER) Fanny Henriet, Katheline Schubert (University Paris 1)

 

Keynote speakers bios 

Climate Annual Conference 2015Massimo Filippini

 Massimo Filippini has held a dual professorship in public economics and energy economics at ETH Zürich and the University of Lugano since October 1999. He is member of the Center for Economic Research at ETH Zurich (CER-ETH) and director of the Centre for Energy Policy and Economics (CEPE) to the ETH Zürich. He has also published several books, book chapters and more than fifty articles in peer-reviewed journals on energy economics and policy, transport economics, health economics and the economics of public services.
 
 

Claudio Marcantonini

Claudio Marcantonini

Claudio Marcantonini is Deputy Director at the FSR Climate, EUI. He studied at University of Perugia and at MIT, where in 2009 and 2010, he also worked on the costs of electricity at the Joint Program on the Science and Policy of Global Change and at the Centre for Environmental and Policy Research and he collaborated to the Projected Cost of Electricity study of the OECD Nuclear Energy Agency and International Energy Agency. In 2010 he was consultant at the OECD Nuclear Energy Agency where he worked on the competitiveness of nuclear power under carbon pricing. Since 2011 Claudio joined the Florence School of Regulation (FSR) in 2011 as member of the THINK project which advised the European Commission (DG ENERGY) on energy policy. Since 2012 he has worked at the Climate Policy Research Unit on analysis of European climate policy.He holds a PhD in Physics from MIT and a Degree in Physics from the University of Perugia. Claudio also holds a diploma in piano from the Conservatorio di Musica di Perugia.
 

Climate Annual Conference 2015Ian Parry

Ian Parry is the Principal Environmental Fiscal Policy Expert in the Fiscal Affairs Department of the IMF. Prior to joining the IMF in 2010, Parry held the Allen V. Kneese Chair in Environmental Economics at Resources for the Future. He holds a PhD in economics from the University of Chicago.Parry’s research focuses on analytical and spreadsheet models to quantify for different countries the economic impacts and efficient levels of a wide range of environmental, energy, and transportation policies. Parry has published numerous papers in professional journals and is the co-author of several books on climate and energy policy.

 

Climate Annual Conference 2015Mario Ragwitz

Mario Ragwitz is deputy head of the department Energy Policy and Energy Markets at the Fraunhofer-Institute for Systems and Innovation Research. He is responsible for developing and evaluating policies for renewable energy and modelling energy systems with renewable sources focusing on the European Union. He has coordinated more than 25 research projects on renewable energy policy development at global, EU and national level and authored more that 40 peer reviewed scientific articles. Ragwitz acted as an expert to the German Bundestag, to the European Parliament to national governments and the European Commission. Ragwitz is honorary professor at the University of Freiburg in the field of energy and climate policy.

Climate Annual Conference 2015Martin L. Weitzman

Martin L. Weitzman is Professor of Economics at Harvard University. Previously he was on the faculties of MIT and Yale. He has been elected as a fellow of the Econometric Society and the American Academy of Arts and Sciences. He has published widely in many leading economic journals and written three books. Weitzman’s interests in economics are broad and he has served as consultant for several well-known organizations. His current research is focused on environmental economics, including climate change, the economics of catastrophes, cost-benefit analysis, long-run discounting, green accounting, and comparison of alternative instruments for controlling pollution.

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Forum

10th Florence Rail Forum. Rail freight in Europe: how to improve capacity and usage of the network?

18 May 2015

Improving the capacity and usage of the European freight network is one of the Commission’s priorities, and it is beneficial for both the European economy and the environment. If harmoniously developed throughout Europe and well connected to the other transport modes thanks to logistic multimodal nodes, rail freight can make a significant contribution to the construction of an efficient and sustainable European transport system.

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Seminar

Executive Symposium on the Future of European Aviation

13 June 2015

Aviation is a key driver of economic growth, jobs and trade with a key impact on the EU’s economy and the life and mobility of its citizens. As such, aviation plays a crucial role for delivering on the priorities of the Juncker Commission in particular “Jobs, growth and Investment”, and “A deeper and fairer internal market with a strengthened Industrial Base”. Aviation is an important employment sector, with high value-added jobs, contributing € 88 bn to the EU GDP. It is vital for tourism, people-to-people contacts, business, as well as for the regional and social cohesion of the Union. It is also essential for connecting Europe with the rest of the world. The about 27,000 flights passing through Europe every day represent 26% of world market.

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Forum

3rd Florence Intermodal Forum: Mobility-as-a-Service: from the Helsinki experiment to a European model?

09 March 2015

Mobility-as-a-Service is gaining prominence as a possible solution to the long-standing challenge of seamless mobility, overcoming the boundaries between the different transport modes and achieving an integrated transport system for both people and goods.

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Forum

4th Florence Intermodal Forum. What role for digitalization in order to achieve an intermodal level playing field?

29 February 2016

The 4th Florence Intermodal Forum aims at tackling this urgent need to define the intermodal level playing field, striking a balance between the dynamics of innovation on the one hand and regulation on the other. We will focus on the role of new technologies and the ICTs in particular, because of the inevitable changes that digitalization is bringing to the transportation sector.

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European Environmental Evaluators Network – 2015 Forum

From 17 September 2015 to 18 September 2015
The purpose of the International Environmental Evaluators Network (EEN) is to advance the practice, policy and theory of evaluating environmental programmes, policies and other interventions. Since 2012, forums of the European Environmental Evaluators’ Network (EEEN) have been organised to promote more systematic and collective learning in these areas. The 2015 EEEN Forum (see programme) has brought together practitioners and users of environmental evaluation to share views, knowledge and experiences about the use, relevance and future priorities for climate and environment policy evaluation from their respective viewpoints. 
 
Highlights by Paul McAleavey, Head of Air and Climate Change, EEA

Interviews

Artur Runge-Metzger, Director ‘International & Climate Strategy’, DG Climate Action

Hans Bruyninckx, Executive Director, European Environment Agency

Juha I. Uitto, Global Environment Facility, Independent Evaluation Office

Video recording of morning sessions

KEYNOTE SPEECHES: Gerben-Jan Gerbrandy, Member of the European Parliament

Artur Runge-Metzger, Director ‘International & Climate Strategy’, Directorate General for Climate Action of the European Commission

ROUND TABLE: chaired by Xavier Labandeira, Director, FSR Climate Presentations/Papers

Evaluation for modern climate policies – the challenges ahead (Keynote speech)
Artur Runge-Metzger || Director ‘International & Climate Strategy’, DG Climate Action, European Commission

Breakout sessions (speakers listed in alphabethical order)

Is the energy union example of better regulation? Ana-Maria Boromisa || Institution for Development and International Relations

The importance of political-interactive and institutional approaches for evaluating transformative change towards sustainability. Lessons learnt from an institutional evaluation of flood risk governance in six European countriesAnn Crabbé || University of Antwerp

The triple bottom line for policy evaluation: a qualitative approach to climate change and sustainabilityBianca Cavicchi || Norwegian Institute for Bioeconomy Research

Providing evidence syntheses for policy and practice decision makers: experiences gained from the UK Department for Environment, Food and Rural AffairsAlexandra Collins || UK Department for Environment, Food and Rural Affairs and Imperial College London

Investigating urban sustainable energy policies in Europe: experiences from the Covenant of Mayors (paper) Edoardo Croci || Bocconi University

Ex-post evaluation reporting under the EU Monitoring Mechanism the EUFrançois Dejean || European Environment Agency

On the road towards a post-carbon industry: European Union environmental policy and its side-effectsDaniel Gabaldon-Estevan || University of Valencia

Why it is possible to design an innovative environmental policy- a case for Germany´s environmental governance (paper) Azhan Hasan || Environmental Policy Research Centre (FFU)

Environmental evaluation of the French Urban Mobility Plans (paper) Odile Heddebaut || IFSTTAR – The French Institute of Science and Technology for Transport, Development and Networks

Design principles for monitoring and evaluating adaptive managementLeon Hermans || Delft University of Technology

Evaluation as learning ‘in and for’ climate-related policy and water management in the Netherlands Anne Loeber || University of Amsterdam

Linking actor level and system level? Methodical challenges in attributing long-term system effects to sustainability transition programsAnne Loeber || University of Amsterdam

Results of a decomposition analysis of the changes in GHG emissions in the EU and Member StatesAlistair Ritchie || ICF International

Evaluating climate policy experimentation: key lessons from polycentric governanceJonas Schoenefeld || Tyndall Centre for Climate Change Research, School of Environmental Sciences, University of East Anglia

The effect of the EU and the UNFCCC on the EU-15 emission trajectories during Kyoto (paper) I Detlef Sprinz || Potsdam Institute for Climate Impact Research

You cannot manage what you do not measure: an evaluation tool for transition processesLize Van Dyck and Kris Bachus || HIVA-KU Leuven

A framework for monitoring and evaluation of a national adaptation strategyJelle van Minnen || PBL Netherlands Environmental Assessment Agency, Department of Climate, Air and Energy

 Feedback from thematic clusters

ORGANIZED WITH

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Understanding Stated Preferences for Durable Goods: the Case of Hybrid Cars

03 February 2015

Speaker: Maria Loureiro, Department of Economic Theory, University of Santiago de Compostela, Spain    

Introduction

Understanding the motives behind individuals’ preferences for hybrid cars seems quite relevant in order to implement appropriate and effective strategies to promote this clean driving technology. We contribute to the existing literature by assessing the impact of loss aversion and regret avoidance on green car choices.

Methods

To understand drivers’ preferences for cars (hybrid versus conventional cars) we conducted a discrete choice experiment in a representative sample of the Spanish population.

Results

Results from a nested logit model show that in our sample, the participants’ mean willingness to pay a premium in order to change from a conventional to a hybrid car (ceteris paribus) is well below the current mark up for hybrid cars. Thus, current economic subsidies applied to promote these cars in isolation may have a very limited effect in extending their use. In addition, we find that older drivers, individuals who experience loss aversion, and those who avoid suffering regret or deception caused by theri market choices, show evidence of the status quo bias. These results may be related to the fact that choices of durable goods are more reflective than those of non-durable goods. (Djamel Rahmani and Maria L. Loureiro)  

 

 

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Specialized Training on the Regulation of Energy Markets and Infrastructure | JRC-Petten, European Commission

From 23 February 2015 to 27 February 2015

The Florence School of Regulation has been appointed by the Joint Research Centre (JRC), Directorate General for Energy, European Commission (Petten, The Netherlands) to provide an intensive, in-house week-long training course to staff from the JRC and the European Commission.

This high-level course covers all aspects of the recent experience and lessons, the present and the future of the European regulation for energy markets and infrastructure. The main topics are:

  • Theory and principles of markets and regulation
  • Regulatory models: The electricity industry
  • Regulatory models: The gas industry
  • Fundamentals of electricity networks and markets
  • Wholesale electricity markets
  • Output-based regulation for electricity
  • Fundamentals of gas networks and markets
  • European regulation for infrastructure development
  • Retail electricity markets
  • Demand response and demand-side management
  • European legal framework for energy policy and regulation
  • EU strategy for the development of renewable energy
  • EU Energy regulation towards 2020/30 (market design, capacity mechanisms, smart regulation for smart grids and others).

The faculty includes the FSR Director Jean-Michel Glachant, top experts from the European Commission, energy companies and academics from worldwide renowned institutions. This is a closed training course. For any information, please contact the FSR Training Coordinator, Hugo Gil.

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