Structural changes in the European natural gas market such as liberalization, increasing demand, and growing import dependency have triggered new attempts to model this market accurately. This paper presents a model of the European natural gas supply, GASMOD, which is structured as a...

We apply the EMF 23 study design to simulate the effects of the reference case and the scenarios to European natural gas supplies to 2025. We use GASMOD, a strategic severallayer model of European gas supply, consisting of upstream natural gas producers, traders in each consuming European...

This study analyzes issues related to "green", i.e. low-carbon electricity investment in Europe. While traditionally the focus of attention was on green transmission lines, it has become clear in the course of this study that even though high-voltage electricity transmission is an important...

The European Union has embarked on the transformation of its energy and electricity system to low-carbon energy sources, just like Germany and many other countries. This chapter analyzes the European strategy for low-carbon transformation in relation to specific aspects and features of the...

Long-term scenarios of the low-carbon energy transformation in Europe are quite diverse. In this chapter, we provide a detailed discussion of scenarios leading to a far-reaching decarbonization of the European energy system to 2050. We use an updated version of the Global Energy System Model...

The energiewende "made in Germany" is a relatively recent phenomenon, yet with a long germination period, going back to the 1970s, and it has attracted broad interest in many spheres, including academia, industry, and policy making. The previous chapters have provided insights into specific...

Long-term contracts are an important element of all economic activity and, thus, critical for understanding modern economic structures. The natural gas industry provides particular insights into the functioning and dynamics of long-term contracts and industry structures, in a sector that is...

At just 4.4 percent, the contribution made by nuclear power to meeting the world’s primary energy requirements is marginal and on the decline. The current nuclear power fleet is outdated with around 200 plants due to be phased out over the next ten years compared to as few as 46 new nuclear...