This report was produced as part of the THINK project. Cost Benefit Analysis (CBA) has proven to be a useful tool to support the economic appraisal of important projects in many sectors. In the energy domain, a single CBA method has been proposed at EU level to evaluate and compare electricity transmission and storage projects from different countries, which is unprecedented anywhere in the world. The objective of this THINK report has been to advise the European Commission (DG Energy) on the development of this method in the context of the Energy Infrastructure Package. We provide recommendations for the scope of the analysis, as well as the calculation of the net benefit. We also discuss how the method can be used to rank projects. We conclude that the method that has been proposed by the European Network of Transmission System Operators for Electricity (ENTSO-E) is an important step in the right direction, but it is still possible to improve. A key recommendation is that the project ranking should be primarily based on the monetized net benefit, and to calculate this net benefit, the CBA should concentrate on a reduced list of effects.
In the Commission’s Industrial Carbon Management Strategy it acknowledges the importance of CCUs, and that without it the EU will not succeed in its Green deal and Net Zero ambitions. [...]
The Recast Directive opens the single European railway area to competition. Competition is gradually emerging across the EU but there are obvious asymmetries among Member States, in particular in the [...]
As the 2021 EU urban mobility framework states, Europe is one of the most urbanised regions in the world with a huge variety of cities that are important economic and [...]
For decades, environmental degradation has been the focus of public opinion, academia, research centers, and institutions. This attention is motivated by increasing awareness of the severe ecological and socio-economic problems [...]
This policy brief, written in May 2024, provides an overview of the international carbon market landscape and describes the status quo in terms of the degree of its integration and [...]
The general objective of the report is to map – quantitatively and qualitatively – the main existing policy frameworks and strategies for sustainable development (SD) and sustainability transitions (ST) in [...]
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