Politics, Markets and EU Gas Supply Security - Case Studies of the UK and Germany

Sandu-Daniel Kopp investigates whether carbon reduction targets are compatible with market-driven competition in gas (and power) industries, and whether security of supply is compatible with competitive markets. He examines the policy trade-offs which need to be made between the three different elements, and whether these policy judgements should be economically or politically based. The analysis shows the need for a complex set of politically determined options to protect (competitive) markets from price risks and emergency events and demonstrates that this has thus far failed the policy test. Overall, the author argues that the three major elements of EU energy policy are incompatible in important respects and thereby challenges much of the conventional wisdom of EU and Member State policies of the past decade.

List of contents

Macro-Trends in the Global and European Gas Markets.- EU Energy Legislation and Gas Supply Security.- The UK and the German Gas Markets.- Liberalisation and Gas Supply Security: Theory and Market Reality.

About the author

Sandu-Daniel Kopp has conducted research on energy politics and economics at the Berlin Centre for Caspian Region Studies, the European Centre for Energy and Resource Security at the King’s College London, and the Oxford Institute for Energy Studies.

Summary

Sandu-Daniel Kopp investigates whether carbon reduction targets are compatible with market-driven competition in gas (and power) industries, and whether security of supply is compatible with competitive markets. He examines the policy trade-offs which need to be made between the three different elements, and whether these policy judgements should be economically or politically based. The analysis shows the need for a complex set of politically determined options to protect (competitive) markets from price risks and emergency events and demonstrates that this has thus far failed the policy test. Overall, the author argues that the three major elements of EU energy policy are incompatible in important respects and thereby challenges much of the conventional wisdom of EU and Member State policies of the past decade.

Product details

• Authors: Sandu-Daniel Kopp
• Publisher: Springer, Berlin
• Languages: English
• Product format: Paperback / Softback
• Released: 01.03.2015
• EAN: 9783658083236
• ISBN: 978-3-658-08323-6
• No. of pages: 312
• Dimensions: 164 mm x 23 mm x 212 mm
• Weight: 435 g
• Illustrations: XX, 312 p. 63 illus.
• Series: Energiepolitik und Klimaschutz; Energiepolitik und Klimaschutz. Energy Policy and Climate Protection; Energiepolitik und Klimaschutz; Energiepolitik und Klimaschutz. Energy Policy and Climate Protection
• Subjects: Natural sciences, medicine, IT, technology > Technology > Heat, energy and power station engineering; Social sciences, law, business > Business; B, Climate Change, ENERGY, International Relations, The environment, Political Economy, Energy Policy, Economics and Management, Energy Policy, Energy industries & utilities, Earth System Sciences, Energy and state, International Political Economy, Climate Change Management and Policy