Document summary
The current economic crisis is likely to affect political momentum on climate change, but energy security concerns are boosting support for many climate change-related invested themes in Cheuvreux's view. A prospective analysis of the political forces driving the ongoing review of the climate and energy package that will enact the CO2 constraint in the EU by 2020 is provided. At stake is a wealth transfer estimated at €440 billion between 2013 and 2030 from EU industries to governments, taking the form of CO2 rights auctions. Being low-carbon remains key in sectors where a gradual phase-in of auctioning is still possible.?