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Is There a Trilemma of Energy Policy? A Theoretical and Empirical Approach

Author

Listed:
  • Michaela Horúcková

    (LEO CNRS, University of Orleans, France, and OPF, Silesian University, Czech Republic)

  • Thierry Baudassé

    (LEO CNRS, University of Orleans, France)

Abstract

This paper is an attempt to shade a new light on the topic of the “energy policy trilemma”. The idea of a partial incompatibility of the objectives of energy policy has taken a certain importance in the recent literature about energy and environment policies. This contribution is original in two aspects. First, the elaboration of our composite indexes follows the methodology given in OECD (2008) and is based on Principal Component Analysis. Second, we define the three objectives of energy policies in a different way from what has been done in the literature. In our approach, the three objectives are defined as energy security, energy sustainability and environmental protection. The study is conducted on eight European countries corresponding to the ten major energy companies in Europe.

Suggested Citation

  • Michaela Horúcková & Thierry Baudassé, 2019. "Is There a Trilemma of Energy Policy? A Theoretical and Empirical Approach," Economic Research Guardian, Weissberg Publishing, vol. 9(1), pages 2-34, June.
    • Handle: RePEc:wei:journl:v:9:y:2019:i:1:p:2-34
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    More about this item

    Keywords

    Energy Security; Energy Sustainability; Environmental Protection;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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