European Energy Law Report VII presents, in four parts, an overview of the most important legal developments in the field of EU and national energy and climate change law as discussed at the 2009 European Energy Law Seminar. The first part of the book examines recent developments in EU climate change regulation. It includes an overview of the revision of the EU Directive governing CO2 emissions trading and a more detailed analysis of the new allocation regime, including the auctioning of emission rights. This is followed by an analysis of the competitiveness of the new EU Emissions Trading Directive and recent developments in the US regarding emissions trading. The second section focuses on the energy liberalization process and the Third Energy Package. Following an overview of recent developments in EU competition law and the impact of the Sector Inquiry on the energy sector, this section concentrates particularly on the new Internal Energy Market Directives and most particularly on t