Europe’s energy system facing multiple shocks: market adjustments and policy responses Ifri Green Deal Virtual Lunch Series
Russia’s war with Ukraine has multiple spillover effects on Europe’s energy systems which face multiple threats adding up to systemic weaknesses and challenges.
Gas, oil, coal and electricity supply security are under threat and economies and societies are threatened by soaring prices fueling inflation. While hardships are inevitable, urgent actions are needed to foster the resilience of energy systems, cope with unprecedented tensions and challenges while not giving up on core decarbonization objectives. What is the threat assessment and short-term perspectives? What immediate actions can be taken on the supply and demand sides, and what are the long-term implications for the EU’s decarbonization strategy?
- Marc-Antoine Eyl-Mazzega, Director, Center for Energy & Climate, Ifri: The European energy system confronted to Russia’s war
- Alexandre Andlauer, Senior Global Energy Analyst, Kpler: Oil supplies in jeopardy? (tbc)
- Cédric Philibert, Senior Associate Fellow, Center for Energy & Climate, Ifri: Saving gas in a hurry
- Carole Mathieu, Head of the EU policies, Center for Energy & Climate, Ifri: The Fit for 2030 package in question or reinforced?
- Dominique Finon, Emeritus Senior Research Fellow, CNRS: Market design adjustments for limiting spillovers from the gas crisis to electricity markets
Discussant: Olivier Appert, Senior Advisor, Center for Energy & Climate, Ifri
This webinar will be held in English using the platform Zoom.
By invitation. For registration, please contact Cécile De Cordier: decordier@ifri.org
The Carbon Border Adjustment Mechanism (CBAM) is a first step toward reconciling the European Union (EU)’s climate and trade interests. However, a complementary set of domestic and external policies will be needed to drive the decarbonization of European and global energy-intensive industries....
On its path to carbon neutrality, the European Union (EU) will be exposed to growing energy price volatility and vulnerable to Russian and Chinese pressure on supply and demand.
