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Confronting the gas crisis: Can we REPowerUE?

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  • Patrice Geoffron

Abstract

This paper aims to analyse the first collective responses, at European level, to the energy (and very acutely for gas) crisis that began in the second half of 2021, but particularly accentuated by the Russian invasion of Ukraine. Since the beginning of the conflict, discussions have been held to identify policy levers to reduce Russian gas imports, while ensuring a satisfactory level of security of supply. This type of exercise implies considering different horizons, the first of which is the winter of 2022-2023, with the concern of managing to fill gas stocks sufficiently early. Beyond this emergency, which stems from crisis management, the perspective is also to establish a horizon at which the countries of European Union could do without Russian gas altogether. These two horizons are addressed by two European Commission initiatives: ?Save gas for a safe winter? for the shorter term (i.e. winter 2023), and ?REPowerEU? beyond, plans whose main mechanisms will be presented here, after reminding the regulatory framework for its security of gas supply at the EU level developed in response to the tensions already ob- served over the last two decades.

Suggested Citation

  • Patrice Geoffron, 2022. "Confronting the gas crisis: Can we REPowerUE?," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2022(1), pages 5-15.
  • Handle: RePEc:fan:efeefe:v:html10.3280/efe2022-001001
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    References listed on IDEAS

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    1. Carl Grekou & Emmanuel Hache & Frédéric Lantz & Olivier Massol & Valérie Mignon & Lionel Ragot, 2022. "Guerre en Ukraine : bouleversements et défis énergétiques en Europe," Post-Print hal-04317265, HAL.
    2. Chepeliev, Maksym & Thomas Hertel & Dominique van der Mensbrugghe, 2022. "Cutting Russia’s Fossil Fuel Exports: Short-Term Pain for Long-Term Gain," GTAP Working Papers 6511, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
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    More about this item

    JEL classification:

    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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