This programme looks at hands-on, practical issues related to implementing climate change policies in a complex, second-best world. Taking a bottom-up view, the research analyses the design and functioning of climate policy instruments, like investment incentives and carbon markets. It uses micro-econometric techniques to estimate the impact of policies on firms and behavioural economics to understand public environmental attitudes and behaviour.
ENTRACTE - Assessment and further development of the European climate policy
ENTRACTE aims at identifying a feasible climate policy mix to achieve long-term greenhouse gas reduction targets in Europe. The project assesses the EU's climate portfolio paying special attention to the European Union Emissions Trading System (EU ETS) and its interaction with additional policy instruments.
The ENTRACTE research project is funded under the 7th Framework Programme of the European Union and is coordinated by the Centre for European Economic Research (ZEW) in Mannheim/ Germany. Nine partners from six European countries will collaborate in the ENTRACTE consortium within the project's lifetime of 36 months, starting September 2012.
This includes the Grantham Research Institute, which is undertaking two tasks: