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Bilbao, Spain
15 November 2011
Hosted By: the Club Español de la Energia
On 15 November 2011, NERA Director Graham Shuttleworth spoke at an energy seminar in Bilbao, Spain that was organized by the Club Español de la Energia. Mr. Shuttleworth discussed the various "roadmaps" that have attempted to set out a path toward meeting EU targets for reducing CO2 emissions by 80% or more by 2050. The theme of his presentation was the need to move on from "Forecasts, Planning, and Targets" to "Incentives, Markets, and -- above all -- Economic Efficiency." Mr. Shuttleworth queried whether the EU's targets were really credible, given their implications for the cost of doing business in Europe, and the little regard for economic efficiency shown in some of today's policy discussions.
Download Mr. Shuttleworth's presentation.
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