Lessons

TOPIC 12 · CONCISE WORKBOOK

Energy, climate and environmental policy

Separate policy objectives, schemes and market rules.

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Distinguish policy instruments

Targets, subsidies, certificates, emissions obligations and reliability measures act through different incentives. Evaluate the obligated party and legal attribute before comparing products. Policy ambitions and funded, enacted mechanisms belong in different scenario categories.

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Working relationship

Objective → instrument → obligated party → behavioural effect

What to keep separate

Avoid adding the benefits of overlapping schemes without checking additionality and double counting.

Your task

Map one renewable policy and one emissions policy, including eligibility, compliance and implementation risk.

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