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Written by Marcin Grajewski.
Energy prices have recently fallen in the European Union, easing slightly the crisis caused by Russia’s 11-month-old war on Ukraine. EU emergency measures , diversification of supplies and a benign winter have reduced energy costs, which skyrocketed after Russia curtailed fossil fuel exports with the aim of pressing the EU to reduce support for Ukraine, and due to EU sanctions on Moscow.
In December, EU governments agreed to cap gas prices, hoping to better shield European households and businesses from price spikes, which have fuelled inflation and undermined economic growth. On 17 January, European Commission President Ursula von der Leyen said she would propose a Net-Zero Industry Act, which envisages a number of clean tech objectives for 2030, to compete with the U.S. large green subsidy package. Nevertheless, the challenge to secure Europe’s energy supply in the long term will not be easily overcome.
This note gathers links to the recent publications and commentaries from many international think tanks on the energy market. Earlier publication on the topic can be found in a previous edition of the ‘What Think Tanks are Thinking’ series.
European natural gas imports (data set)
Bruegel, January 2023
How does the U.S. government use the Strategic Petroleum Reserve
Council on Foreign Relations, January 2023
European battery regulation: An exemplary step forward in more ways than one
Institute for Sustainable Development and International Relations, January 2023
The G7’s role in developing a platform for global cooperation on industrial decarbonization
Atlantic Council, December 2023
Europe and the Caspian: The gas supply conundrum
Atlantic Council, December 2023
How can we measure the impact of carbon prices on global warming?
Brookings Institution, December 2022
Buying time for proper electricity market reform
Bruegel, December 2022
Energy crisis: Five questions that must be answered in 2023
Bruegel, December 2022
National energy policy responses to the energy crisis
Bruegel, December 2022
Will the European Union price cap on Russian oil work?
Bruegel, December 2022
Exploring cost-effective support mechanisms for hydrogen mobility infrastructure
Centre for European Policy Studies, December 2022
The revision of the Third Energy Package for gas
Centre for European Policy Studies, December 2022
Are we about to see a big bonus for Europe’s low-carbon ETS producers?
Centre for European Policy Studies, December 2022
Recommendations for a future-proof electricity market design
Centre on Regulation in Europe, December 2022
Will an EU oil price cap limit Russian aggression?
Chatham House, December 2022
The EU needs alternatives to Russian energy: Here’s the plan
Council on Foreign Relations, December 2022
You can’t switch off the sun: How Germany can gain energy sovereignty with renewables
European Council on Foreign Relations, December 2022
Walking out of the woods: EU industrial policy between the energy crisis and decarbonisation
Instituto Affari Internazionali, December 2022
The Ukrainian conflict and the energy crisis: Sustaining the energy transition
Instituto Affari Internazionali, December 2022
Energy: Which security?
Istituto per gli Studi di Politica Internazionale, December 2022
Trend to watch 2023: Green awakening
Istituto per gli Studi di Politica Internazionale, December 2022
Europe’s energy crisis: High stakes for the MENA region
Istituto per gli Studi di Politica Internazionale, December 2022
Europe’s looming energy disaster
Bruegel, November 2022
Surviving the winter: Ukraine ahead of an energy crisis
Centre for Eastern Studies, November 2022
In a green subsidy race, the EU should not imitate the US
Centre for European Policy Studies, November 2022
How to save energy in a smarter way
Centre for European Reform, November 2022
Tracking Europe’s energy security: Four lessons from the EU’s new energy deals
European Council on Foreign Relations, November 2022
Fair energy transition for all: How to get there?
Friedrich Ebert Stiftung, November 2022
The share of renewables in energy consumption is increasing
Hellenic Foundation for European and Foreign Policy, November 2022
How to accelerate renewable energies in France? The challenge of territorial integration and value sharing
Institute for Sustainable Development and International Relations, November 2022
Just energy transition partnerships: Can they really make a difference, and how?
Institute for Sustainable Development and International Relations, November 2022
Are small modular reactors Europe’s energy salvation?
Instituto Affari Internazionali, November 2022
Germany energy policy in turbulent times: Between transition chances and lock-in risks
Istituto per gli Studi di Politica Internazionale, November 2022
Nuclear energy and global energy security in the new tripolar world order
Atlantic Council, October 2022
How to help people in Europe and Central Asia pay their energy bills
Brookings Institution, October 2022
How European Union energy policies could mitigate the coming recession
Bruegel, October 2022
Europe’s quest for energy security and the renewed case for a strong Mediterranean green energy partnership
Bruegel, October 2022
Electricity markets will need an overhaul, but not now
Centre for European Policy Studies, October 2022
Russia: threats and offers of energy cooperation
Centre for Eastern Studies, October 2022
The European wholesale electricity market: From crisis to net zero
Centre on Regulation in Europe, October 2022
Deals of a lifetime: Why the EU should include renewables in its response to the energy crisis
European Council on Foreign Relations, October 2022
Running on empty: How trust among EU states can survive the energy crisis
European Council on Foreign Relations, October 2022
Transitioning towards energy security beyond EU borders: Why, where and how?
GLOBSEC, November 2022
The European Union’s uneasy journey through the energy crisis
Hellenic Foundation for European and Foreign Policy, October 2022
The United States and the euro zone face different challenges in battling inflation
Peterson Institute for International Economics, October 2022
How does permitting for clean energy infrastructure work?
Brookings Institution, September 2022
An assessment of Europe’s options for addressing the crisis in energy markets
Bruegel, September 2022
The EU’s energy plan for a difficult winter: What are the options?
Centre for European Reform, September 2022
To what extent has the EU Green Deal changed EU energy policies
College of Europe, September 2022
How the Inflation Reduction Act will help the United States to lead in the clean energy economy
Council on Foreign Relations, September 2022
Europe’s energy and resource challenge: The Arctic is part of the solution
Egmont, September 2023
State of the Union: How the energy crisis can strengthen EU unity
European Council on Foreign Relations, September 2022
Putin vs Monnet: European resilience, energy and the Ukraine war
Instituto Affari Internazionali, September 2022
Read this briefing on ‘The EU’s energy markets‘ in the Think Tank pages of the European Parliament.
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