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The City of London has published a report by Europe Economics on the value of Europe's international financial centres to the EU economy. The report demonstrates that the activities of international financial centres are not socially useless (or even socially destructive) and that the financial sector innovations are generally not destructive. International financial centres produce and contribute towards a whole host of socially useful functions that households, businesses and governments benefit from.
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The Phase 3 report on trajectories for achieving zero carbon standards for new non-domestic buildings has been published by CLG. Europe Economics, working with AECOM carried out the updated cost-benefit analysis following on from our work on Phases 1 and 2.
Ofwat has published a report by Europe Economics on the use of comparators in utility regulation. The report analysed different possibilities for what is compared, how comparisons are made, and how the results are used, drawing on examples from a number of different utility regulators. The report also provided recommendations on how Ofwat might use comparators going forward.
DG MARKT has published Europe Economics' work on Directive 2004/17/EC, which extends the EU Public Procurement rules to the utility sectors. This work estimates for the first time the value of the procurement subject to this Directive and assesses, given the changes in the utility sectors since the introduction of the Directive, the continued rationale for applying the Directive to the utility sectors.