Toward a Smart EU Energy Policy: Rationale and 22 Recommendations
AbstractWe are in desperate need of an EU Energy Policy. The facts are that, yes, there is indeed an EU Energy Policy. It is a policy based on a vision, a vision with three components. The policy is aiming for “markets, competition and efficiency”, it is equally focussing on “a sustainable energy economy”, and thirdly, it wants to “secure the EU’s energy supply”. Three objectives, three separate action lines. Balancing the three objectives in an integrated approach is challenging and difficult. To what extent is the market approach consistent with the other two policy packages? What impact does a climate package with tradable emission rights and non-tradable targets for green energy have on the market designs for gas and electricity? Are the necessary investments in new pipes and wires for securing our energy supplies sufficiently coming under the prevailing regulatory framework? Or, to put it differently; are we smart enough in the way in which we are making implementing steps in order to meet our stated objectives? Our paper ends with a proposed new vision and a set of 22 recommendations to the new European Commission.
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Bibliographic InfoPaper provided by European University Institute in its series RSCAS Working Papers with number 2010/52.
Date of creation: 23 Jun 2010
Date of revision:
energy policy; climate change; security of energy supply; EU internal marke;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-09-03 (All new papers)
- NEP-ENE-2010-09-03 (Energy Economics)
- NEP-ENV-2010-09-03 (Environmental Economics)
- NEP-EUR-2010-09-03 (Microeconomic European Issues)
- NEP-REG-2010-09-03 (Regulation)
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