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Energy Security through Environmental Sustainability: the SECURE Project


  • Andrea Bigano

    (Fondazione Eni Enrico Mattei)

  • Manfred Hafner

    (Fondazione Eni Enrico Mattei)

  • Patrick Criqui

    (CNRS and EDDEN)


Between now and 2050, humanity must face a double problem: the growing scarcity of oil and the accumulation of greenhouse gases in the atmosphere. These “bathtub problems” cannot be considered independently as hydrocarbon scarcity paves the way to coal, while climate policies open the path to low carbon societies. Smart energy policies and associated international relations should combine the security and sustainability dimensions. Solving this already complicated riddle may appear an even harder task after the Fukushima disaster, which has spread worldwide serious doubts about the opportunity of relying on the only virtually carbon free, large scale energy generation technology currently commercially viable.

Suggested Citation

  • Andrea Bigano & Manfred Hafner & Patrick Criqui, 2012. "Energy Security through Environmental Sustainability: the SECURE Project," Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, April.
  • Handle: RePEc:fem:femre3:2012.04-02

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    References listed on IDEAS

    1. Bassam Fattouh & Pasquale Scaramozzino, 2011. "Uncertainty, expectations, and fundamentals: whatever happened to long-term oil prices?," Oxford Review of Economic Policy, Oxford University Press, vol. 27(1), pages 186-206, Spring.
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    4. Irwin, Scott H. & Sanders, Dwight R., 2012. "Testing the Masters Hypothesis in commodity futures markets," Energy Economics, Elsevier, vol. 34(1), pages 256-269.
    5. Ke Tang & Wei Xiong, 2010. "Index Investment and Financialization of Commodities," NBER Working Papers 16385, National Bureau of Economic Research, Inc.
    6. Pirrong,Craig, 2012. "Commodity Price Dynamics," Cambridge Books, Cambridge University Press, number 9780521195898, March.
    7. Lutz Kilian & Daniel P. Murphy, 2014. "The Role Of Inventories And Speculative Trading In The Global Market For Crude Oil," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(3), pages 454-478, April.
    8. Chang, Eric C, 1985. " Returns to Speculators and the Theory of Normal Backwardation," Journal of Finance, American Finance Association, vol. 40(1), pages 193-208, March.
    9. Franklin Allen & Stephen Morris & Hyun Song Shin, 2006. "Beauty Contests and Iterated Expectations in Asset Markets," Review of Financial Studies, Society for Financial Studies, vol. 19(3), pages 719-752.
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    More about this item


    Energy Security;

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy


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