Search

Begin New Search Topic Energy Policy Political Geography Europe

21. Hungarian-Russian Economic Relations

Author:
Veronika Jóźwiak
Publication Date:
07-2019
Content Type:
Special Report
Institution:
The Polish Institute of International Affairs
Abstract:
Hungarian-Russian economic relations are based on the energy industry. Hungary’s efforts to build closer political relations with Russia after 2010 did not result in a marked increase in bilateral trade, investment, or greater Russian influence outside the energy sector. EU economic sanctions imposed on Russia and the introduction of counter-sanctions in 2014 caused a significant drop in Hungarian exports to Russia. However, this has not resulted in substantial losses to the Hungarian economy.
Topic:
Energy Policy, Bilateral Relations, Sanctions, European Union, and Trade
Political Geography:
Russia, Europe, Eurasia, and Hungary

22. The Role of Nuclear and Gas in Romania-U.S. Relations

Author:
Jakub Pieńkowski
Publication Date:
10-2019
Content Type:
Special Report
Institution:
The Polish Institute of International Affairs
Abstract:
The close alliance between Romania and the U.S. is focused on defence. Their cooperation also extends to energy issues, particularly nuclear energy, gas transit to the Balkans, and extraction from Black Sea deposits. However, Romania’s interests in energy security are only partially convergent with the U.S. goals of eliminating China’s and Russia’s influence in the region and becoming a key gas supplier to Central Europe.
Topic:
Defense Policy, Energy Policy, Bilateral Relations, Nuclear Power, and Gas
Political Geography:
Europe, Romania, North America, United States of America, and Black Sea

23. Israel’s Policy in the Eastern Mediterranean

Author:
Michał Wojnarowicz
Publication Date:
11-2019
Content Type:
Special Report
Institution:
The Polish Institute of International Affairs
Abstract:
The significance of the Eastern Mediterranean for Israel has increased in the last decade, an outcome of interlocking factors associated with the civil war in Syria, the deterioration of relations with Turkey, and discoveries of new gas fields. The effectiveness of Israeli policy, especially in energy issues, depends on strengthening relations with the states of the region, such as Egypt or Cyprus. Hence, regional cooperation will deepen, which may have a positive impact on Israel-EU relations.
Topic:
International Relations, Foreign Policy, Energy Policy, Regional Cooperation, and European Union
Political Geography:
Europe, Turkey, Middle East, Israel, Palestine, Syria, Egypt, Cyprus, and Mediterranean

24. EuroPACE Market Analysis

Author:
Grzegorz Poniatowski, Izabela Styczynska, Karolina Beaumont, and Karolina Zubel
Publication Date:
10-2019
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
EuroPACE is an innovative tool designed to make home renovation simple, affordable and reliable for all Europeans by combining affordable financing with people-centric technical assistance. EuroPACE offers 100% up-front financing that can be repaid over a long term of up to 25 years. The innovation lies in the collection and repayment mechanism – financing is attached to the property and is repaid regularly with charges linked to a property. Homeowners are offered logistical and technical support throughout the process and access to trained and qualified con-tractors. Thus, EuroPACE overcomes the main barriers to home renovation – lack of financing, technical knowledge and complexity of the works. The concept of EuroPACE is inspired by the success of a financing model called Property Assessed Clean Energy (PACE), launched in California in 2008. In the United States (US), the PACE market reached over USD 6 billion in funded projects, including the retrofit of over 220,000 homes, which resulted in more than 50,000 new local jobs and the creation of hundreds new companies.EuroPACE combines the best practices from the US PACE market with project partners’ substantial experience in improving energy efficiency in European buildings. EuroPACE is a three-year project that intends to assess market readiness, deploy a pilot programme in Spain and scale across Europe to four leader cities. A two-phase research (firstly – legal & fiscal readiness, and secondly – market demand) has been carried to assess the overall readiness for adaptation of this model across the European Union (EU). This document is the second phase of the EuroPACE readiness assessment developed to identify European countries most suited for EuroPACE implementation. It complements the legal and fiscal assessment by focusing on the “demand dimension” by analysing local needs for energy efficiency (EE) and renewable energy sources (RES) in residential building renovation of seven selected countries. Based on the results of legal and fiscal analysis of the EU28 MS, in October 2018 the Steering Committee Group of the EuroPACE Horizon2020 (H2020) project chose seven countries: Austria, Belgium, the Netherlands, Italy, Poland, Portugal, and Romania, for the second phase of evaluation. These countries were selected based on the scoring outlined in D2.1 and two additional considerations developed by the Steering Committee Group. First, a diverse geo-graphical distribution of the countries was an important element for the selection of these seven countries. Secondly, the knowledge and expertise of the Steering Committee Group about the national potential market opportunity was taken into consideration during the selection process. While in Austria a similar mechanism has already been tested but was unsuccessful, the country still has been chosen for further analysis. In Belgium, despite being a federal state, there is a strong local and regional interest in new financial mechanisms designed to upscale residential retrofits across the country. In the Netherlands, asset-based financial instruments are currently being discussed at the national level, which opens a window of opportunity for EuroPACE to be tested in the country. As for Italy, although the property-taxation system is far from stable, potential synergies with successful programmes like Ecobonus or Sismabonus should be explored. In Poland, nearly 70% of the 6-million residential buildings need significant energy efficiency overhaul; these buildings contribute to some of the worst air quality across the EU leading to approximately 47 thousand premature deaths annually. Portugal, given its Mediterranean climate, proves a great potential not only for EE, but also prosumer RES development, given that current incentives are far from sufficient. Romania has been chosen mainly because of its highest home-ownership rate across the EU and the most institutionalised property-related taxation, possibly setting a stable base for EuroPACE being collected alongside existing charges.
Topic:
Climate Change, Energy Policy, Environment, Fiscal Policy, and Innovation
Political Geography:
Europe, Poland, Belgium, Romania, Italy, Netherlands, Portugal, Austria, and European Union

25. EU28 legal and fiscal readiness for the adoption of an on-tax financing mechanism - EuroPACE

Author:
Izabela Styczynska and Karolina Zubel
Publication Date:
08-2019
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
EuroPACE is an innovative financial mechanism inspired by an American building improvement initiative called Property Assessed Clean Energy (PACE). The innovative character of the EuroPACE mechanism is that financing through EuroPACE is linked to the taxes paid on a property. In other words, the financing lent by a private investor is repaid through property taxes and other charges related to the buildings. EuroPACE is therefore in line with the EC’s objectives of (1) putting EE first, (2) contributing to the EU’s global leadership, and (3) empowering consumers to enable MS to reach their energy and climate targets for 2030. Last but not least, EuroPACE could contribute to the democratisation of the energy supply by offering cash-flow positive, decentralised EE solutions. The EuroPACE mechanism engages several stakeholders in the process: local government, investors, equipment installers, and homeowners. To establish the EuroPACE programme, several conditions must be satisfied, each of which are relevant for different stakeholder at different stages of the implementation. For the purpose of this report, we divided these criteria into two categories: key criteria, which make the implementation possible, and complementary criteria, which make the implementation easier. For the time being, it is a pure hypothesis to be tested with potential EuroPACE implementation. One ought to remember that residential on-tax financing is a concept in its infancy in the EU. Therefore, the methodology to evaluate the readiness of a country to implement on-tax financing is complex and consists of six stages:Identification of fiscal and regulatory conditions; Data collection; Weighting; Grading; Country SWOT analysis; Qualitative assessment.
Topic:
Climate Change, Energy Policy, Economy, Tax Systems, and Innovation
Political Geography:
Europe, Poland, and European Union

26. China’s Quest for Gas Supply Security: The Global Implications

Author:
Sylvie Cornot-Gandolphe
Publication Date:
09-2019
Content Type:
Special Report
Institution:
Institut français des relations internationales (IFRI)
Abstract:
The major transformations that are occurring on the Chinese gas market have profound repercussions on the global gas and LNG markets, especially on trade, investment and prices. In just two years, China has become the world’s first gas importer and is on track to become the largest importer of Liquefied natural gas (LNG). China alone explained 63% of the net global LNG demand growth in 2018 and now accounts for 17% of global LNG imports. The pace and scale of China’s LNG imports have reshaped the global LNG market. Over the past two years, fears of an LNG supply glut have largely been replaced by warnings that the lack of investments in new LNG capacity would lead to a supply shortage in the mid-2020s unless more LNG production project commitments are made soon. There is now a bullish outlook for future global LNG demand which has encouraged companies to sanction additional LNG projects, based on the anticipated supply shortage. China’s gas imports can be expected to continue to grow strongly, from 120 billion cubic meters (bcm) in 2018 to up to 300 bcm by 2030.
Topic:
Security, Energy Policy, International Trade and Finance, and Gas
Political Geography:
China, Europe, Asia, Global Focus, and United States of America

27. The European Union-Russia-China energy triangle

Author:
Georg Zachmann
Publication Date:
12-2019
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
We argue that energy relations between the EU and Russia and between China and Russia influence each other. We analyse their interactions in terms of four areas: oil and gas trading, electricity exchanges, energy technology exports and energy investments. We discuss five key hypotheses that describe the likely developments in these four areas in the next decade and their potential impact on Europe: 1. There is no direct competition between the EU and China for Russian oil and gas 2. China and the EU both have an interest in curbing excessive Russian energy rents 3. The EU, Russia and China compete on the global energy technology market, but specialise in different technologies 4. Intercontinental electricity exchange is unlikely 5. Russia seems more worried about Chinese energy investments with strategic/political goals, than about EU investments We find no evidence of a negative spillover for the EU from the developing Russia-China energy relationship. But, eventually, if these risks – and in particular the risk of structural financial disintermediation – do materialise, central banks would have various instruments to counter them.
Topic:
Climate Change, Energy Policy, Oil, and Europe Union
Political Geography:
Russia, China, and Europe

28. Energy security in the Baltic Region: between markets and politics

Author:
Marc Ozawa
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
NATO Defense College
Abstract:
NATO addresses energy security concerns in three ways, through strategic awareness, infrastructure protection and energy efficiency measures. However, what may be a concern for NATO is potentially a problem for member states with conflicting views on the issue, the politics of which impact their interactions within the Alliance. Nord Stream 2, the trans-Baltic pipeline connecting Ust-Luga (Russia) to Greifswald (Germany), is one such example because it is so divisive. This Policy Brief advocates a role for NATO as a constructive partner with the European Union (EU), the governing body for energy security issues in tandem with national governments, while avoiding the divisive politics of direct involvement. NATO and the EU have complementary perspectives on energy security. The Alliance’s view is directed at broad security implications and the EU’s Director- General for Energy (DG Energy) is more focused on market matters. In this complementarity of perspectives NATO could indirectly assist DG Energy in making better energy policies and help to avoid the politicization of projects that create friction within the EU, the type that can spill over into NATO. The strife around Nord Stream 2, for example, works against both EU unity and cohesion within NATO such that, what may not have originally been perceived as a problem for NATO, becomes one.
Topic:
Security, NATO, Energy Policy, Regional Cooperation, and European Union
Political Geography:
Europe, North Atlantic, and North America

29. Global Energy in Transition: How the EU Should Navigate New Realities and Risks

Author:
Andreas Goldthau
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
German Council on Foreign Relations (DGAP)
Abstract:
Global energy demand is shifting to Southeast Asia. This new trade flow is altering market power because it not only follows natural economic development, but also results from strategic trade and investment policies that promote national interests. In this context, the EU needs to account for the geo-economic side effects of the new European Green Deal.
Topic:
Climate Change, Economics, Energy Policy, European Union, Risk, and Trade
Political Geography:
Europe, Asia, and Southeast Asia

30. Russia and China in the Middle East: Playing their best cards

Author:
Marco Siddi and Marcin Kaczmarski
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
Russia and China share a number of interests in the Middle East: limiting US power and maintaining good relations with all players in the region while remaining aloof from the key conflicts, especially between Iran and Saudi Arabia, and Iran and Israel. Russia’s position has been based on political support for particular states, arms sales and the provision of civilian nuclear energy technology. Moscow has boosted its role by intervening militarily in the Syrian civil war. China has been strengthening its political position in the region for the last decade and its presence is more substantial from a financial-economic perspective. The current Chinese and Russian regional posture further marginalises the influence of the EU in MENA. In the Middle East, the EU is already a weaker economic actor than China and a weaker military player than Russia. However, the EU can cooperate with Russia and China on upholding the Joint Comprehensive Plan of Action on Iran’s nuclear programme.
Topic:
Energy Policy, International Cooperation, Nuclear Power, Military Intervention, and Strategic Interests
Political Geography:
Russia, China, Europe, Middle East, and Asia