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Decarbonizing the EU Energy System: Beyond Carbon Pricing

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Paul Drummond, Steve Pye, Paul Deane
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This report describes how substantial change to the physical infrastructure of the European Union's energy system is required for decarbonization. While non-carbon pricing instruments have had a substantial impact in the early phase of this transition, the extent of its impact is highly uncertain, according to the authors. They argue that a broad policy mix, spanning market-based, technology/regulatory and behavior-focused instruments is required.