The European Union (EU) is likely to face a gas supply-demand gap of 27 bcm in 2023-2024. This gap could be reduced by enhancing its partnership with oil and gas producing countries with spare export capacity – particularly Algeria, Egypt and Nigeria – to incentivise the capture and export of gas that is currently wasted (flared, vented and leaked). To tap this opportunity the EU could combine two measures in the REPowerEU toolbox: joint gas purchasing and 'You collect/we buy’ schemes (purchasing frameworks aimed to incentivise the capture of wasted fossil gasses, including methane, under the EU energy diplomacy). This combination would enable the main barriers preventing greater capture of methane to be addressed while taking advantage of the Union’s leverage: the presence of non-operated joint ventures (NOJVs) controlled by EU-based undertakings in the region; and the upcoming EU Methane Regulation covering domestic emissions and those associated with fossil energy imports. This approach would help the EU increase its energy security without triggering unintended policy consequences: compromising on its climate targets; prolonging reliance on fossil fuels; or decelerating the energy transition in developing economies. If successful, the scheme could be replicated in other regions to support achievement of the Global Methane Pledge objectives.
As stated by the OECD, “water security in many regions will continue to deteriorate due to increasing water demand, water stress and water pollution.” Indeed water supply and sanitation (WSS) [...]
Multimodal digital mobility services (MDMS) are instrumental to fostering multimodality as they promote comparability, transparency, and the selling of products across operators and modes. MDMS stand to directly benefit passengers [...]
We need to wonder if a reform of the EU internal electricity market would suffice to deliver EU energy security, decarbonization, and electrification. Regrettably, this is not the case. Let [...]
La crise énergétique a révélé l’incapacité de l’or- ganisation du marché européen de l’électricité à répondre aux trois défis de la décarbonation, de la sécurité d’approvisionnement et des prix abordables. [...]
Réussir l’électrification des usages pour mener la transition écologique et renforcer la souveraineté énergétique et industrielle de la France. Selon les principaux scénarios, la trajectoire de décarbonation entraînera une augmentation [...]
La notion de « réforme des marchés européens de l’électricité » est tout à fait d’actualité au moment où nous rédigeons ce document de travail, au début de l’année 2023. [...]
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