IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v12y2018i1p896-906n80.html
   My bibliography  Save this article

The energy union – a new step towards sustainability by promoting clean energy

Author

Listed:
  • Şanta Ana-Maria Iulia

    (The Bucharest University of Economic Studies; Doctoral School of Business Administration, Bucharest, Romania)

Abstract

The Energy Union is an important issue on the agenda of the European Commission, which is addressed in the package “Clean Energy for All Europeans”, adopted by the European Commission in November 2016. The present paper deals with the role of the Energy Union in ensuring an optimal framework for a common energy market at the level of the European Union, aimed for the benefit of the consumers in the European Union and of a modern and functional business environment. Which perspectives opens this possible win-win situation is a topic to be analyzed in the present article. The Energy Union is a stronger form of integration within the European Union, related to the internal market of the European Union, which brings more than harmonization of standards and mutual recognition: it brings a common policy and shared values. The goal of this project is to ensure consumer protection through common rules and harmonization, which is a trend at the level of the European Union occurring in various fields of activity and business sectors, such as the Energy Union, the Banking Union, data protection and the competition framework. The main focus on the consumer is new, compared to former attempts of harmonization in specific fields. The challenge rising from this project is to achieve a union in a strategic sector, such as energy. Possible aspects that could hamper the building of the union will be analyzed, for example the fact that some member states of the European Union still rely on fossil fuels, such as the coal industry. The switch to renewable energy sources is related to high costs, as well as to social turbulences on the labour market, that have to be taken into consideration. When drafting measures for the Energy Union, the effects on climate change as well as socio-economic parameters have to be weighed, in order to find the proper balance. It is therefore important to draft appropriate measures ensuring a smooth transition from fossil fuels to Clean Energy. The present paper focuses on these measures proposed by the European Commission. The key elements of the Energy Union will be analyzed in the measures drafted by the European Commission in the package “Clean Energy for All Europeans”. Case studies will illustrate the debated aspects and will provide best practice guidelines as a result. An interdisciplinary approach will be used in the present paper, combining economic and legal issues in a comparative manner.

Suggested Citation

  • Şanta Ana-Maria Iulia, 2018. "The energy union – a new step towards sustainability by promoting clean energy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 896-906, May.
    • Handle: RePEc:vrs:poicbe:v:12:y:2018:i:1:p:896-906:n:80
    DOI: 10.2478/picbe-2018-0080
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2018-0080
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2018-0080?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mastropietro, Paolo & Rodilla, Pablo & Batlle, Carlos, 2015. "National capacity mechanisms in the European internal energy market: Opening the doors to neighbours," Energy Policy, Elsevier, vol. 82(C), pages 38-47.
    2. Steve Sorrell & Eoin O’Malley, 2004. "The Economics of Energy Efficiency," Books, Edward Elgar Publishing, number 2607.
    3. Malen, Joel & Marcus, Alfred A., 2017. "Promoting clean energy technology entrepreneurship: The role of external context," Energy Policy, Elsevier, vol. 102(C), pages 7-15.
    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. Şanta Ana-Maria Iulia, 2017. "The common energy market of the European Union – utopia or reality?," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 11(1), pages 93-102, July.
    2. Şanta Ana-Maria Iulia, 2017. "The Common Energy Market of the European Union–Challenges and Perspectives," Management & Marketing, Sciendo, vol. 12(2), pages 334-345, June.
    3. Febi Jensen & Hans Lööf & Andreas Stephan, 2020. "New ventures in Cleantech: Opportunities, capabilities and innovation outcomes," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 902-917, March.
    4. Mabroor Hassan & Manzoor K Afridi & Muhammad I Khan, 2018. "An overview of alternative and renewable energy governance, barriers, and opportunities in Pakistan," Energy & Environment, , vol. 29(2), pages 184-203, March.
    5. Huo, Xiaolin & Jiang, Dayan & Qiu, Zhigang & Yang, Sijie, 2022. "The impacts of dual carbon goals on asset prices in China," Journal of Asian Economics, Elsevier, vol. 83(C).
    6. Liao, Qi & Tu, Renfu & Zhang, Wan & Wang, Bohong & Liang, Yongtu & Zhang, Haoran, 2023. "Auction design for capacity allocation in the petroleum pipeline under fair opening," Energy, Elsevier, vol. 264(C).
    7. Theodor F. Cojoianu & Andreas G. F. Hoepner & Xi Hu & Moustafa Ramadan & Paolo Veneri & Dariusz Wójcik, 2024. "Are cities venturing green? A global analysis of the impact of green entrepreneurship on city air pollution," Small Business Economics, Springer, vol. 62(2), pages 523-540, February.
    8. Croce, Annalisa & Toschi, Laura & Ughetto, Elisa & Zanni, Sara, 2024. "Cleantech and policy framework in Europe: A machine learning approach," Energy Policy, Elsevier, vol. 186(C).
    9. Mastropietro, Paolo & Rodilla, Pablo & Rivier, Michel & Batlle, Carlos, 2024. "Reliability options: Regulatory recommendations for the next generation of capacity remuneration mechanisms," Energy Policy, Elsevier, vol. 185(C).
    10. Gugler, Klaus & Haxhimusa, Adhurim, 2019. "Market integration and technology mix: Evidence from the German and French electricity markets," Energy Policy, Elsevier, vol. 126(C), pages 30-46.
    11. Loisel, Rodica & Simon, Corentin, 2021. "Market strategies for large-scale energy storage: Vertical integration versus stand-alone player," Energy Policy, Elsevier, vol. 151(C).
    12. de la Rue du Can, Stephane & Pudleiner, David & Pielli, Katrina, 2018. "Energy efficiency as a means to expand energy access: A Uganda roadmap," Energy Policy, Elsevier, vol. 120(C), pages 354-364.
    13. Cojoianu, Theodor F. & Clark, Gordon L. & Hoepner, Andreas G.F. & Veneri, Paolo & Wójcik, Dariusz, 2020. "Entrepreneurs for a low carbon world: How environmental knowledge and policy shape the creation and financing of green start-ups," Research Policy, Elsevier, vol. 49(6).
    14. Brijs, Tom & De Jonghe, Cedric & Hobbs, Benjamin F. & Belmans, Ronnie, 2017. "Interactions between the design of short-term electricity markets in the CWE region and power system flexibility," Applied Energy, Elsevier, vol. 195(C), pages 36-51.
    15. Giorgos Stamtsis & Haris Doukas, 2018. "Cooperation or Localization in European Capacity Markets? A Coalitional Game over Graph Approach," Energies, MDPI, vol. 11(6), pages 1-17, June.
    16. Fleiter, Tobias & Schleich, Joachim & Ravivanpong, Ployplearn, 2012. "Adoption of energy-efficiency measures in SMEs—An empirical analysis based on energy audit data from Germany," Energy Policy, Elsevier, vol. 51(C), pages 863-875.
    17. Adrian Dumitru Tantau & Ana-Maria Iulia Santa, 2018. "Competition versus cooperation – new approaches on the energy market considering aspects of competition law," Juridical Tribune - Review of Comparative and International Law, Bucharest Academy of Economic Studies, vol. 8(3), pages 697-704, December.
    18. Klaus Gugler & Adhurim Haxhimusa, 2016. "Cross-Border Technology Differences and Trade Barriers: Evidence from German and French Electricity Markets," Department of Economics Working Papers wuwp237, Vienna University of Economics and Business, Department of Economics.
    19. Olsthoorn, Mark & Schleich, Joachim & Klobasa, Marian, 2015. "Barriers to electricity load shift in companies: A survey-based exploration of the end-user perspective," Energy Policy, Elsevier, vol. 76(C), pages 32-42.
    20. Cagno, Enrico & Trianni, Andrea, 2013. "Exploring drivers for energy efficiency within small- and medium-sized enterprises: First evidences from Italian manufacturing enterprises," Applied Energy, Elsevier, vol. 104(C), pages 276-285.

    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:vrs:poicbe:v:12:y:2018:i:1:p:896-906:n:80. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.