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The construction of a second Baltic Sea natural gas pipeline from Russia to Germany (Nord Stream 2) is very controversial for political, energy economic, and ecological reasons. The project owner and some European energy companies argue that it is a profitable, private-sector investment project...
Persistent link: https://www.econbiz.de/10011869413
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 several-layer model of European gas supply, consisting of upstream natural gas producers, traders in each consuming European...
Persistent link: https://www.econbiz.de/10014206833
Natural gas could play an increasing role in the German energy system following the coal exit decided in July 2020 by the German parliament. However, natural gas has no climate benefit compared to coal. What is more, Europe risks to become a battle-ground for the conflict between Russia and the...
Persistent link: https://www.econbiz.de/10012265868
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...
Persistent link: https://www.econbiz.de/10012040939
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...
Persistent link: https://www.econbiz.de/10012040953
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This paper discusses the potential role of fossil natural gas (and other gases) in the process of the energy transformation in Europe on its way to complete decarbonization. Mainstream conventional wisdom has it that natural gas, perhaps in combination with other gases, should maintain an...
Persistent link: https://www.econbiz.de/10012270846
A Green Deal for Europe can set standards for ambitious climate protection, for an investment programme in future markets and for strengthening the European economy and European and non-European security. Climate protection and a sustainable energy transition not only create economic...
Persistent link: https://www.econbiz.de/10012140180
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