{"Legacy bias":{"barrier":"Legacy bias","box":["regulate"],"barrier_description":"The current regulatory framework was built around a centralized, fossil-fuel-based design that has been in place over a century."},"Stranded assets":{"barrier":"Stranded assets","box":["regulate"],"barrier_description":"Some traditional generation assets will soon become stranded. It is challenging to write them off efficiently and fairly."},"Vested interest":{"barrier":"Vested interest","box":["regulate"],"barrier_description":"Interest of market actors are not aligned with the goal of timely transition. We need to realign incentives so they work with the transition."},"Weak competition":{"barrier":"Weak competition","box":["regulate","integrate","ensure"],"barrier_description":"An unlevel playing field for all actors still constrains the efficient operation of markets."},"Market inconsistencies":{"barrier":"Market inconsistencies","box":["regulate","integrate"],"barrier_description":"The European power market is not fully integrated \u2014 we still have national rules that are not (yet) harmonized."},"Constrained price formation":{"barrier":"Constrained price formation","box":["make","intervene"],"barrier_description":"Prices do not always reflect the wider value and cost of the resource to the system and society."},"Market inertia":{"barrier":"Market inertia","box":["intervene","regulate"],"barrier_description":"Markets are powerful mechanisms but need to be accompanied by complementary policies for correcting their failures."},"Public opposition":{"barrier":"Public opposition","box":["regulate","secure"],"barrier_description":"Decarbonisation is often seen by people as a process that costs them now while the benefits are in the future and less tangible."}}