Energy | Policy Brief
Towards bottom-up approach to European Green Deal : lessons learned from the Baltic gas market
12 February 2020
AUTHOR: BELYI Andrei V., Andris Piebalgs
Positive effects of the EU gas market liberalisation on price and on liquidity now spill over to the Baltic area – a region formerly defined as EU’s ‘energy island’ because no gas infrastructure links then existed between the Baltic States and Finland with the rest of Europe. Technological improvements in off-grid gas supplies will further contribute to market liquidity and competitiveness. At the same time, the Baltic experience reveals that multi-speed gas markets reflect the current modus operandi of the EU Gas Directive implementation. The European Green Deal will have to entail bottom-up policy approaches – primarily involving national and regional action plans - for the successful implementation of the EU decarbonisation strategy by 2050. Regional, economic and cognitive disparities regarding the speed and the magnitude of the ongoing energy transition to carbon-free economy form part of the controversies that will continue to take central stage in the years to come. Growing pressure from society at large to take steps to mitigate greenhouse gas emissions has engendered a reassessment of conventional approaches to the EU’s natural gas sector. Gas industry will need to adapt to new realities and integrate new technological solutions in line with the path towards decarbonisation. However, a question arises about the relevance of previous efforts in building competitive gas markets and interconnections across Europe. Depending on national and regional specificities, natural gas can most likely be considered as one of the options for the energy transition towards carbon-free economy.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Technical Report
The present report is chronologically the first output of the project LIFE DICET – Deepening International Cooperation on Emissions Trading (lifedicetproject.eui.eu). LIFE DICET supports EU and Member State policymakers in [...]
Other
Highlights: - The European Green Deal envisages an important role for gas in the energy transition. To follow this pathway, the gas value chain should be more oriented towards sustainability. [...]
Article
With its judgment of 10 September 2019, the General Court (the “Court”) annulled an earlier 2 Commission decision to modify the exemption regime for the OPAL pipeline. The Court based [...]
Other
Improving Air Traffic Management (ATM) performance is the main goal of the Single European Sky (SES) initiative. The EU’s SES legislation has introduced a performance scheme, which defines performance targets [...]
Technical Report
This issue of Network Industries Quarterly is devoted to water utilities, their governance and their performance. With growing urbanization, pollution and water stress, utilities are ever more challenged to provide [...]
Technical Report
The EU network codes and guidelines for electricity, first introduced in the third energy package, are designed to enable the implementation of an EU internal electricity market. This text is [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top