Europe’s Long Energy Journey: Towards an Energy Union
The European Union faces a major energy challenge: it needs its energy union plan to succeed if it is to meet its international commitments under last month’s Paris climate agreement, at a cost which the European economy can afford. The task is complicated by today’s low oil prices, which increase the real burden of developing clean alternative energies.
This new book argues that further Europeanization of energy policy is needed; it will help increase continent-wide economies of scale, remove national distortions from the energy market and prevent some EU states free-riding on the emission reduction efforts of other states. But the energy union plan will only provide these benefits if the right questions are asked and the right issues are tackled. ….