This study has two major purposes: (1) to explore the interaction of both Energy and Climate
targets which European Union has posed to be achieved in view of 2014 and 2020 respectively
and (2) to investigate the effects of those policies especially the implications arose
from the Climate Policies in the competitiveness of the Energy-intensive sector.
Using official data gathered by the European Union and the extensive literature regarding
those aspects, the first part deals with the implementation of the Internal Energy Market and
the Electricity target Model, as a mean towards integration. Then the thesis examines the
decarbonization concept of the European Energy Policy, providing the relevant legislation
and focusing on the harmonization between Member Sates.
Finally, since the thesis is additionally concerned on the effects caused by the Climate
policies to the Energy Intensive Sector, the final part deals with those implications and aims
to examine the extent to which the competitiveness of this sector is actually being influenced.
On the basis of the results to the research questions, it can be concluded primarily that
both policies are complementary, but there are several malfunctions created dye to their interaction.
However, through the successful implementation of the IEM, the achievement of
the climate targets would be accelerated. In addition, the thesis argues that a series of direct
and indirect implications indeed exist and financially burden the EIIs which are claiming of
delocalisation outside Europe. Yet, the data also reveal that the EIIs not only have suffered
by the 20/20/20 targets, but also have gained a lot in monetary terms.
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