THE C LIMATE CHANGE ISSUE IN A DEREGULATED ELECTRICITY MARKET Mogren, Arne; Borgström , T ruls; Nelson, Bo Va ttenfall, Sweden firstname.lastname@example.org 1 BACKGROUND The st arting point o f t his article is the growing a wareness of h uman-induced global warming. Re gardless of t he scale of co nsequences, the international c ommunity h as now agreed that it is necessary to m ake some effort t o re duce the emission of greenhouse gases, demonstrated partly b y the agreements in Ri o (1992 ) and Kyoto (1997). It i s obvious that the energy industry al l over th e world h olds a key role i n combating climate change. However, any consideration of cl imate change policies in E urope m ust include a new situation that has recently emerged – the establishment of p rogressively integrated and deregulated electricity markets. During t he 90s, the market si tuation changed drastically. From a number o f in dependent, autonomous electricity markets governed by large national or r egional m onopolies, Europe i s now in t he middle o f a market situation characterised by increasingly integrated interdependence. In this new market
Energy & Environment – SAGE
Published: Sep 1, 2002
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