Energy

Energy crisis: five questions that must be answered in 2023

Here’s how researchers can help overcome the threats arising from market turmoil and geopolitical realignment after Russia’s invasion of Ukraine.

National energy policy responses to the energy crisis

Will the European Union price cap on Russian oil work?

The G7 Russian oil price cap is an ambitious but untested instrument. While pitfalls exist, the cap has the potential to be the most potent sanction.

Europe must now strike a deal on energy prices

Europe must move beyond blocking agreement on a coordinated solution and undermining EU unity in the face of Russian aggression.

To cap or not to cap: the deal Europe needs on energy prices

An EU gas price cap would be counterproductive, but the reasons why it is supported widely must be acknowledged and addressed.

Europe’s Looming Energy Disaster

With winter fast approaching, the absence of common guidelines for national energy policies should be regarded as an economic emergency.

How European Union energy policies could mitigate the coming recession

The European Union faces recession, but the way in which policymakers manage the energy crisis will determine its depth and duration.

Europe’s Quest for Energy Security and the Renewed Case for a Strong Mediterranean Green Energy Partnership

IEMed Mediterranean Yearbook 2022

Does the European Union need an energy crisis fund?

An EU energy fund is justified, but for different reasons than commonly assumed, with implications for the fund’s design.

Volatile energy markets expose the fragility of Europe’s capital market infrastructure

Reform of the EU central clearing framework is an essential part of capital markets union, but reform should not be driven by current energy turmoil.

Germany’s gas-price ‘defence shield’: problems and redeeming features

The €200 billion “defence shield” risks undermining European solidarity. This could be avoided by designing it well.

An assessment of Europe’s options for addressing the crisis in energy markets

Action to intervene in the gas and electricity wholesale markets is also being taken at European Union level, which is what we analyse in this paper.

A cold winter

Reforming energy markets must aim to make them less vulnerable to crises such as today’s, even if such crises are rare.