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The Linkages between Energy Efficiency and Security of Energy Supply in Europe

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  • Bigano, Andrea
  • Arigoni Ortiz, Ramon
  • Markandya, Anil
  • Menichetti, Emanuela
  • Pierfederici, Roberta

Abstract

It can be argued that one way to reduce the dependence from external energy sources, is simply to reduce the demand for energy. Energy savings may thus be considered a policy priority when concerns for energy security are particularly strong. Drawing on an original econometric approach, we check whether policies and measures that affect indicators of energy efficiency performance have an analogous effect on security of supply indicators, both at the whole economy level and within the main sectors of energy use in the EU 15 countries and Norway. Our analyses show that the indicators studied are affected by a number of policies and measures; however very few of them seem able to tackle effectively and simultaneously, energy efficiency, carbon efficiency and energy security. The main lesson to be drawn from this analysis is therefore that there is a number of energy efficiency policies in the EU that do work, but there is no silver bullet able to successfully address different policy objectives. Taking a more general perspective, what seems to work is the policy mix rather than this or that policy in insulation.

Suggested Citation

  • Bigano, Andrea & Arigoni Ortiz, Ramon & Markandya, Anil & Menichetti, Emanuela & Pierfederici, Roberta, 2010. "The Linkages between Energy Efficiency and Security of Energy Supply in Europe," Institutions and Markets Papers 90950, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemim:90950
    DOI: 10.22004/ag.econ.90950
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    Cited by:

    1. Eoin Ó Broin & Jens Ewald & Franck Nadaud & Érika Mata & Magnus Hennlock & Louis-Gaëtan Giraudet & Thomas Sterner, 2019. "An ex post evaluation of energy-efficiency policies across the European Union," Working Papers hal-01985269, HAL.
    2. Marin, Giovanni & Palma, Alessandro, 2017. "Technology invention and adoption in residential energy consumption," Energy Economics, Elsevier, vol. 66(C), pages 85-98.
    3. Valdés Lucas, Javier Noel & Escribano Francés, Gonzalo & San Martín González, Enrique, 2016. "Energy security and renewable energy deployment in the EU: Liaisons Dangereuses or Virtuous Circle?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 1032-1046.
    4. Eoin Ó Broin & Jonas Nässén & Filip Johnsson, 2015. "Energy efficiency policies for space heating in EU countries: A panel data analysis for the period 1990–2010," Post-Print hal-01205485, HAL.
    5. Ó Broin, Eoin & Nässén, Jonas & Johnsson, Filip, 2015. "Energy efficiency policies for space heating in EU countries: A panel data analysis for the period 1990–2010," Applied Energy, Elsevier, vol. 150(C), pages 211-223.
    6. Laes, Erik & Mayeres, Inge & Renders, Nele & Valkering, Pieter & Verbeke, Stijn, 2018. "How do policies help to increase the uptake of carbon reduction measures in the EU residential sector? Evidence from recent studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 234-250.
    7. Filippini, Massimo & Hunt, Lester C. & Zorić, Jelena, 2014. "Impact of energy policy instruments on the estimated level of underlying energy efficiency in the EU residential sector," Energy Policy, Elsevier, vol. 69(C), pages 73-81.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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