Étiqueté : European Union

Implementing the EU 2030 Climate and Energy Framework – a closer look at re-newables and opportunities for an Energy Union

On 23-24 October 2014, the European Council decided on a new set of targets for 2030 by adopting the “2030 Climate and Energy Policy Framework”. The framework raises several practical questions that need to be addressed in the upcoming legislative process, specifically regarding renewables. The aim of this paper – prepared in the context of the European IEE project “towards2030-dialogue”, of which CEPS is a partner – is to provide a first analysis of these questions and to offer policy recommendations based on our findings…

The European Union and its energy security challenges

Energy security remains a vital issue for the European Union (EU), even more so in the wake of the events that unfolded in early 2014 in Ukraine. The EU´s already fragile position in the international energy arena in terms of supply security appears to be more uncertain than ever after umpteenth fall out with its historic energy supplier, Russia…

Energy Policies of IEA Countries: European Union 2014 Review

In October 2014, the European Union (EU) set ambitious climate and energy targets for 2030, confirming its global leadership on climate change. But while the targets are in place, the legal framework to implement them is yet to be developed. This IEA’s report provides recommendations on how the targets can be reached in a cost-effective and integrated way, while fostering the competitiveness and energy security of the European Union.

International energy governance: Selected legal issues

« The book covers some of the most interesting and pressing areas of international energy law and policy. Eastern-Mediterranean, WTO and energy, external EU energy policy and the promotion of renewable energy and its various effects on market institutions are just examples of legal issues selected for this book… »

Reducing European dependence on Russian gas : distinguishing natural gas security from geopolitics

There is limited scope for significantly reducing overall European dependence on Russian gas before the mid-2020s. Countries in the Baltic region and south eastern Europe which are highly dependent on Russian gas, and hence extremely vulnerable to interruptions, could substantially reduce and even eliminate imports of Russian gas by the early 2020s, by a combination of LNG and pipeline gas from Azerbaijan. Similar measures could reduce (but not eliminate) the dependence of central Europe and Turkey on Russian gas…

Increasing the EU’s energy independence

Europe’s dependence on imports of natural gas is a growing concern. Given the very limited opportunities for increasing domestic natural gas production, increased energy efficiency and greater use of renewable energy sources are the main options for decreasing imports over the long term. This paper argues that cost-effective measures in efficiency and realistic developments in renewables could halve the EU’s imports of natural gas, while reducing emissions of greenhouse gases by 49 per cent by 2030 (compared to 1990)…

European gas hubs price correlation: barriers to convergence?

With survey data from the IGU and others continuing to demonstrate the continuing widespread adoption of hub pricing for European gas, and trading volumes growing strongly overall, this paper revisits the issue of hub price correlation.  Following from her ground-breaking paper of October 2013 where for the first time in the public domain the analysis of OTC trading data revealed strong trends towards price convergence at the European gas trading hubs, Beatrice Petrovich in this paper extends the analysis with data to October 2013.