Energy | Policy Brief
Towards bottom-up approach to European Green Deal : lessons learned from the Baltic gas market
12 February 2020
BY: 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

Other
On 14 January 2021, members of the European Parliament’s (EP) committee on Artificial Intelligence in a Digital Age (AIDA) consulted with experts from the European University Institute (EUI) on topics [...]
Book
Natural Gas Price Controls starts with an estimation of the benefits of price liberalisation vs. regulation, based on the evolution of European markets. However, the focus of the book is [...]
Other
European aviation has been confronted with serious capacity challenges and high levels of delay, in particular, during the two years (2018-2019) leading up to the onset of COVID-19. The pandemic [...]
Working Paper
Peer-to-peer and peer-to-X open a new world of transactions in the electricity sector. This world is characterised by the active involvement of new players, both small in size and non-professional [...]
Other
This study seeks to answer a simple question: will we have enough renewable electricity to meet all of the EU's decarbonisation objectives, and, if not, what should be the priorities [...]
Working Paper
This study seeks to answer a simple question: will we have enough renewable electricity to meet all of the EU's decarbonisation objectives, and, if not, what should be the priorities [...]

Join our community

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

scroll

top