IDEAS home Printed from https://ideas.repec.org/a/rej/journl/v10y2007i25bisp79-105.html
   My bibliography  Save this article

Energy Security: A Critical Issue in the European Energy Policy

Author

Listed:
  • Ana Bobirca

    (Academy of Economic Studies, Bucharest, Romania)

  • Paul-Gabriel Miclaus

    (Academy of Economic Studies, Bucharest, Romania)

  • Stefan Ungureanu

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

The topic of energy security has become an issue of high salience over the last few years. As fears about the stability of the world’s energy resources grow, policymakers tend to merge the security concerns into the climate change policies that they are considering. There are currently three major challenges of the global energy policy: the oil shock and higher prices, greater threats to security of supply, and climate change. Our paper seeks to bring an analytical perspective on these questions. To this end, it starts by individually analyzing the above-mentioned challenges at the EU level and by exploring strategies for meeting them. The paper subsequently concentrates on the European Emissions Trading Scheme (EU ETS), as the flagship of EU climate change policy, for a number of political, environmental and economic reasons. In the last part of the paper issues related to the climate change policy in Romania are addressed. The paper concludes with a review of the progress towards a single European energy market.

Suggested Citation

  • Ana Bobirca & Paul-Gabriel Miclaus & Stefan Ungureanu, 2007. "Energy Security: A Critical Issue in the European Energy Policy," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 10(25bis), pages 79-105, November.
    • Handle: RePEc:rej:journl:v:10:y:2007:i:25bis:p:79-105
    as

    Download full text from publisher

    File URL: http://www.rejournal.eu/Portals/0/Arhiva/JE%2025%20bis/JE%2025%20-%20Bobirca%20et%20all.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Helm, Dieter, 2004. "Energy, the State, and the Market: British Energy Policy since 1979," OUP Catalogue, Oxford University Press, number 9780199270743.
    2. Dieter Helm, 2005. "The Assessment: The New Energy Paradigm," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 21(1), pages 1-18, Spring.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dieter Helm, 2005. "Economic Instruments and Environmental Policy," The Economic and Social Review, Economic and Social Studies, vol. 36(3), pages 205-228.
    2. Mitchell, Catherine & Woodman, Bridget, 2010. "Towards trust in regulation--moving to a public value regulation," Energy Policy, Elsevier, vol. 38(6), pages 2644-2651, June.
    3. FitzGerald, John & Keeney, Mary J. & McCarthy, Niamh & O'Malley, Eoin & Scott, Susan, 2005. "Aspects of Irish Energy Policy," Research Series, Economic and Social Research Institute (ESRI), number PRS57.
    4. Nathalie Spittler & Ganna Gladkykh & Arnaud Diemer & Brynhildur Davidsdottir, 2019. "Understanding the Current Energy Paradigm and Energy System Models for More Sustainable Energy System Development," Post-Print hal-02127724, HAL.
    5. Kattirtzi, Michael & Ketsopoulou, Ioanna & Watson, Jim, 2021. "Incumbents in transition? The role of the ‘Big Six’ energy companies in the UK," Energy Policy, Elsevier, vol. 148(PA).
    6. Devitt, Conor & Diffney, Seán & FitzGerald, John & Malaguzzi Valeri, Laura & Tuohy, Aidan, 2011. "Goldilocks and the Three Electricity Prices: Are Irish Prices "Just Right"?," Papers WP372, Economic and Social Research Institute (ESRI).
    7. Pointvogl, Andreas, 2009. "Perceptions, realities, concession--What is driving the integration of European energy policies?," Energy Policy, Elsevier, vol. 37(12), pages 5704-5716, December.
    8. Pollitt, Michael, 2009. "Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market," Utilities Policy, Elsevier, vol. 17(1), pages 13-23, March.
    9. Christina E. Hoicka & Jessica Conroy & Anna Berka, 2021. "Reconfiguring actors and infrastructure in city renewable energy transitions: a regional perspective," GEIST - Geography of Innovation and Sustainability Transitions 2021(06), GEIST Working Paper Series.
    10. Willems, Bert & Pollitt, Michael & von der Fehr, Nils-Henrik & Banet, Catherine, 2022. "The European Wholesale Electricty Market: From Crisis to Net Zero," Other publications TiSEM 2f225964-853e-4d30-a46d-0, Tilburg University, School of Economics and Management.
    11. Teresa Pakulska, 2021. "Green Energy in Central and Eastern European (CEE) Countries: New Challenges on the Path to Sustainable Development," Energies, MDPI, vol. 14(4), pages 1-19, February.
    12. Oberndorfer, Ulrich & Ulbricht, Dirk, 2007. "Lost in Transmission? Stock Market Impacts of the 2006 European Gas Crisis," ZEW Discussion Papers 07-030, ZEW - Leibniz Centre for European Economic Research.
    13. Haar, Laura N. & Jones, Trefor, 2008. "Misreading liberalisation and privatisation: The case of the US energy utilities in Europe," Energy Policy, Elsevier, vol. 36(7), pages 2610-2619, July.
    14. Fabien Roques & David M. Newbery & William J. Nuttall, 2004. "Generation Adequacy and Investment Incentives in Britain: from the Pool to NETA," Working Papers EP58, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    15. Scheele, Ulrich, 2007. "Privatisierung, Liberalisierung und Deregulierung in netzgebundenen Infrastruktursektoren," Forschungs- und Sitzungsberichte der ARL: Aufsätze, in: Gust, Dieter (ed.), Wandel der Stromversorgung und räumliche Politik, volume 127, pages 35-67, ARL – Akademie für Raumentwicklung in der Leibniz-Gemeinschaft.
    16. Atkinson, Jonathan G.B. & Jackson, Tim & Mullings-Smith, Elizabeth, 2009. "Market influence on the low carbon energy refurbishment of existing multi-residential buildings," Energy Policy, Elsevier, vol. 37(7), pages 2582-2593, July.
    17. Michael G. Pollitt, 2017. "The economic consequences of Brexit: energy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(suppl_1), pages 134-143.
    18. Pearce, David, 2006. "The political economy of an energy tax: The United Kingdom's Climate Change Levy," Energy Economics, Elsevier, vol. 28(2), pages 149-158, March.
    19. Nathalie Spittler & Ganna Gladkykh & Arnaud Diemer & Brynhildur Davidsdottir, 2019. "Understanding the Current Energy Paradigm and Energy System Models for More Sustainable Energy System Development," Energies, MDPI, vol. 12(8), pages 1-22, April.
    20. Littlechild, S., 2010. "The Creation of a Market for Retail Electricity Supply," Cambridge Working Papers in Economics 1035, Faculty of Economics, University of Cambridge.

    More about this item

    Keywords

    security; climate change; energy policy; carbon market; EU ETS;
    All these keywords.

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • F18 - International Economics - - Trade - - - Trade and Environment

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rej:journl:v:10:y:2007:i:25bis:p:79-105. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Radu Lupu (email available below). General contact details of provider: https://edirc.repec.org/data/frasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.