Edited by Rafael Leal-Arcas and Jan Wouters
This chapter departs from an assessment of the ‘energy trilemma’ – that is, energy security, energy equity and sustainability – and places it in the context of environmental economics and the internalisation of external costs. It briefly touches upon the two main approaches in EU environmental law that address these concerns, namely command and control measures and market-based instruments. It assesses the imperative of an energy transition and puts forward certain proposals for future research with the aim of achieving the much needed mainstreaming of the environmental and climate topic into international energy law and policy as well as economic law and governance.
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