This article summarises the results of a study on the Germany energy crisis and the need for an extension and modificationsof the electricity price break. The study shows that the energy crisis led to a short-run output loss comparable to the output losses as-sociated with the COVID-19 crisis in...

The economic and financial crisis of 2008 disrupted the European Union’s (EU) enlarge­ment policy for the Western Balkans. At least since that time, the region has seen greater involvement by economic actors from non-EU countries such as China, Russia, Turkey and the United Arab Emirates...

Helped by anomalously warm winter temperatures, the EU appears increasingly likely to get through the current winter relatively unscathed. But next winter could be significantly more challenging if Russian gas supplies were to decrease further or stop altogether, especially if accompanied by...

Energy security is recognized as a key element for the successful functioning of an entire energy system. However, the perception of energy security is contextual and there is no universally accepted definition of the concept. The current global concerns about climate change, human welfare and...

This paper assesses the role of financial inclusion in moderating the incidence of entrepreneurship on energy poverty in Ghana. The assessment is made by using pooled data and two stage least squares. The exposition builds from the 7th (GLSS7) and 6th (GLSS6) rounds focusing on the Ghana Living...

This paper reviews the case of nuclear energy. Currently, the worldworld is facing one of the greatest energy crises due to the Russo-Ukrainian war. This conflict has lead to limited sources of gas, causing a dramatic decrease in energy supply, leading to emerging energy crisis risks. This is...

While fossil fuel prices soar during the 2022 global energy crisis, the European Union activates all available fossil-fuel levers and Greece still plans to use natural gas as a transition fuel for delignitisation, with strong concerns over potential exacerbation of energy poverty and hurdles to...

Prices of natural gas, coal, and electricity have risen to the highest level of the last ten years in the last quarter of 2021. It’s possible to express that energy prices in 2021 were much higher, compared to the crisis of 2020’s Covid-19 breakout’s historical descent in the first few...

"Energy poverty" is a multidimensional concept that reflects the need to achieve a variety of wellbeing outcomes, which has been scarcely studied and used in public policy agendas. Considering that the literature on energy poverty is still incipient in Bolivia, this paper's objective is to...

This study uses a structural vector autoregressive (SVAR) model to examine the relationships between the intensity of drilling (i.e. investment) for natural gas production, natural gas withdrawals, economic activity and natural gas prices in the United States. The results show that the reaction...

In a controversial policy paper, Bachmann et al. (2022) argued back in March 2022 that the economic effects for Germany of a complete immediate stop of energy imports from Russia would be small, between 0.5% and 3% of GDP. Baqaee et al. (2022) even presented 0.3% GDP loss in the case of an...

Durch die Gasspeicherregelungen soll die Versorgungssicherheit im Winter erhöht werden. Ausschreibungen und direkte Beschaffung durch den Marktgebietsverantwortlichen sollen die Befüllung der Gasspeicher sicherstellen. Beide Instrumente können zu einer Verdrängung von anderen Speichermengen...

Die Ampelkoalition steht nach einem Regierungsjahr vor großen Herausforderungen. Der Krieg in der Ukraine und die steigenden Preise insbesondere im Bereich der Energie machen den Deutschen Sorgen und sie erwarten unterstützende Maßnahmen des Staates. Eine empirische Analyse der Forderungen...

Although China has become a major trading partner of the EU, the EU-China relationship has deteriorated over the last decade. This has been demonstrated, for example, by disputes over trade issues, unequal treatment of EU investors by Beijing, frictions over the transfer of intellectual...

Various methods and tools have been developed to quantify energy supply security; however, there is no ideal framework to measure energy security, as the concept is multifaceted and context dependent. Energy supply security has always been an extremely important issue for European Union (EU)...

This book includes contributions by leading experts across the globe. Part 1 of the book focuses on the analysis of the Paris Agreement on Climate Change, examines COP26, and questions the political process in the US for the creation of policy for meaningful greenhouse gas emissions reductions....

Researchers have applied correlational studies to identify dominant drivers of household energy poverty. While these studies have suggested various determinants of energy poverty (such as socioeconomic, demographic, physical, institutional and cultural factors), none have utilized a causal...

This paper explores the 2021-2022 global energy crisis. The 2021-2022 energy crisis was caused by many factors including the global campaign to reduce carbon emission, the shortage in fossil fuel reserves due to divestment from fossil fuels, the halt in oil production due to the COVID-19...

This paper discusses the supply of regasified LNG to the wholesale gas market and its contribution to UK energy security in the context of the fundamental changes to European gas price-formation in the last decade. It examines the three parts of the LNG supply chain; the functioning of the...

The Russian invasion of Ukraine challenges the liberal peace project that has always been at the heart of the European Union. The political project that led to the EU was founded on the idea that economic trade and political cooperation promote reconciliation and create a more peaceful and...

Der Angriffskrieg Russlands gegen die Ukraine hat die Vulnerabilität der Bundesrepublik Deutschland gegenüber russischen Energieimporten, insbesondere beim Erdgas, aufgezeigt. Durch eine drohende Gasmangellage ist der Gaspreis massiv gestiegen, was vor allem die energieintensiven Unternehmen,...

In recent years, several proposals have emerged from the policy and academic spheres to address climate and energy-related public investment needs in the European Union (EU) with an EU-level instrument. This paper provides an analytical contribution to the discussion by examining the rationale...

Klimaneutralität in Europa gegen Mitte des Jahrhunderts erfordert die Ablösung fossiler Energieträger durch die direkte oder indirekte Nutzung regenerativ erzeugten Stroms in den Sektoren Wärme und Mobilität sowie der Industrie. Die direkte Elektrifizierung und der indirekte Weg über...

There are many indicators of energy security. Few measure what really matters-an affordable and reliable energy supply-and the trade-offs between the affordability and reliability. Reliability is physical, affordability is economic. The latest Russian invasion of Ukraine highlights some of the...

Reductions in gas supply following the Russian invasion of Ukraine have affected the security of supply of the European power system along with other stress factors like low availability of French nuclear reactors. Consequently, more sophisticated approaches to investigate generation adequacy...

We are in a climate and energy crisis.The most recent Intergovernmental Panel on Climate Change (IPCC) report showcased the need for transformational action today to reduce our collective carbon addiction. This report has been aptly labelled a “Code Red” warning for our planet’s security....

While climate change has long called for a green shift in our economies, the current energy crisis leads to an increased urgency when it comes to transforming the energy and transportation systems. The Recovery and Resilience Facility (RRF), which was adopted to support recovery from the...

The impact of the Russia-Ukraine war on the natural gas trade, inter alia, continues to be felt well beyond Europe’s borders. As the accelerated decarbonisation of the world’s economies is being pushed forward, Europe’s unexpected interest in alternative sources of gas imports to replace...

The Sub-Saharan Africa region is disproportionately affected by energy poverty and is considered highly vulnerable to the impacts of climate change. Therefore, addressing the pressing challenges of energy poverty and promoting environmental sustainability in this region is of paramount...