Artikel
Whither the liberal European Union energy model? The public policy consequences of Russia's weaponization of Energy
Energy is primarily a private good but also has public goods characteristics. The EU's traditional strategy to cater to the strategic goods element - energy security - was the liberal market model. The Ukraine crisis has fundamentally put the liberal model in question. The present EU measures are deeply interventionist. Renewables are elevated to matters of national interest. Combined with massive public funds, this accelerates the clean transition and is likely to put structural breaks into the incumbent energy system. Going forward, the EU has three options: a return to the status quo ante (the liberal model); a more robust "public interest" model accounting for the risk of high political costs; and a Colbertist model putting the state in charge of managing markets and the clean transition . The Ukraine crisis highlights each model's political and economic trade-offs. Policy priorities and strategies need to be revisited in light of these trade-offs. This is a watershed moment in European energy policy
- Language
-
Englisch
- Bibliographic citation
-
Journal: EconPol Forum ; ISSN: 2752-1184 ; Volume: 23 ; Year: 2022 ; Issue: 6 ; Pages: 4-7
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Goldthau, Andreas
Sitter, Nick
- Event
-
Veröffentlichung
- (who)
-
CESifo GmbH
- (where)
-
Munich
- (when)
-
2022
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Goldthau, Andreas
- Sitter, Nick
- CESifo GmbH
Time of origin
- 2022
Other Objects (12)
Implications of gas scarcity for European energy policy
Managing energy security: The analysis of interfuel substitution and international energy trade
How to deal with the European energy crisis? Core challenges for the EU (introduction to the issue)
The Green Industrial Revolution: Lessons from the history of past energy transitions
The reform of the EU economic governance framework, market discipline and the role of the ECB
The energy crisis in the Baltic states: Causes, challenges, and policies
The effects of fighting populism on the populist dynamic
Evidence and policy implications of sanctions in the long run: The case of Iran
Do school curricula matter to students in the long run? The case of teaching the theory of evolution or creationism in the United States
The geopolitical (in)significance of BRICS enlargement
Sad populism and the policies of hope
The effects of the European Single Market on attractiveness to foreign direct investment
Implications of gas scarcity for European energy policy
Managing energy security: The analysis of interfuel substitution and international energy trade
How to deal with the European energy crisis? Core challenges for the EU (introduction to the issue)
The Green Industrial Revolution: Lessons from the history of past energy transitions
The reform of the EU economic governance framework, market discipline and the role of the ECB
The energy crisis in the Baltic states: Causes, challenges, and policies
The effects of fighting populism on the populist dynamic
Evidence and policy implications of sanctions in the long run: The case of Iran
Do school curricula matter to students in the long run? The case of teaching the theory of evolution or creationism in the United States
The geopolitical (in)significance of BRICS enlargement
Sad populism and the policies of hope
The effects of the European Single Market on attractiveness to foreign direct investment
Implications of gas scarcity for European energy policy
Managing energy security: The analysis of interfuel substitution and international energy trade
How to deal with the European energy crisis? Core challenges for the EU (introduction to the issue)
The Green Industrial Revolution: Lessons from the history of past energy transitions
The reform of the EU economic governance framework, market discipline and the role of the ECB
The energy crisis in the Baltic states: Causes, challenges, and policies
The effects of fighting populism on the populist dynamic
Evidence and policy implications of sanctions in the long run: The case of Iran
Do school curricula matter to students in the long run? The case of teaching the theory of evolution or creationism in the United States
The geopolitical (in)significance of BRICS enlargement
Sad populism and the policies of hope