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The Impact of the Energy Crisis in Europe

Author

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  • Maria Gheorghe

    (Bucharest University of Economic Studies, Romania)

Abstract

The start of the war in Ukraine in the beginning of the 2022 had a significant impact on Europe, especially on the security of the gas supply. This has led to challenges and imbalances that require immediate action from the European Union in order to gradually end the reliance on imported Russian fossil fuels. As a result, the issue of energy security was brought into attention, gaining real importance at the international, regional and national level, being an extremely important sector for states from a social perspective, economic, political, technological. These developments usher in a new era of study and methodology for energy security. This paper highlights the impact of the energy crisis in Europe that occurred due to the RussiaUkraine war that started in the beginning of the year and also the measures that the EU took in order to mitigate the effects.

Suggested Citation

  • Maria Gheorghe, 2022. "The Impact of the Energy Crisis in Europe," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 84-89, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:84-89
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%201%20and%202/11.pdf
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    References listed on IDEAS

    as
    1. Winzer, Christian, 2012. "Conceptualizing energy security," Energy Policy, Elsevier, vol. 46(C), pages 36-48.
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    More about this item

    Keywords

    Europe; energy; security; crisis;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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