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Tag Archives: energy

The impact of the global energy transition on MENA oil and gas producers

Endowed with half of the world's known oil and gas reserves, the Middle East and North Africa (MENA) region is cornerstone of the global energy architecture. This article argues that – together with the pressing need to create jobs opportunities for a large and youthful population – the possibility of the world moving more aggressively towards a low-carbon future should represent a key argument for the implementation of economic reform programmes.Endowed with half of the world’s known oil and...

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Deep Focus: Energy transition in the next EU institutional cycle

Bruegel fellow Simone Tagliapietra speaks to Sean Gibson in this instalment of 'The Sound of Economics', on the matter of the European energy transition and how the EU should proceed in the new institutional cycle. When the dust settles after the recent European elections, and as the new Commission takes office, the problem of climate change – and its accompanying policy challenges – will remain one of the EU’s chief agenda items. One significant facet is the transition of Europe’s...

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Faut-il s’endetter pour le climat?

Jean Pisani-Ferry, soutient qu’il ne faut pas s’interdire de financer une partie du coût de la transition écologique par l’endettement. This article was published by Le Monde La déclaration de politique générale d’Édouard Philippe a placé la transition écologique au premier rang des objectifs du gouvernement. Cette inflexion appelle une stratégie économique à sa mesure. Or si Premier ministre a égrené des mesures sectorielles, toutes importantes, il a fait silence sur la fiscalité...

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Backstage: The next decade of European energy transition

This episode of 'The Sound of Economics' features Bruegel research fellow Simone Tagliapietra in conversation with Sir Philip Lowe and Alberto Pototschnig about the progress of the European energy transition as we prepare to enter the third decade of the 21st century. In this episode of Bruegel Backstage, Bruegel’s Simone Tagliapietra welcomes Sir Philip Lowe, former director general at the European Commission, DG ENER, and Alberto Pototschnig, director at the European Agency for the...

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How the EU could transform the energy market: The case for a euro crude-oil benchmark

There is a strong case for an oil benchmark in euros. Trading energy markets in more than one currency is not unprecedented, and indeed used to be the norm. Europe – with its powerful currency and reliable regulatory environment – should stand a good chance of success. Europe is the largest importer of oil (€188 billion per year), yet it still pays for oil in US dollars.[1] I believe the balance of power has shifted in favour of oil trade in euros. To facilitate the development of...

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The UN climate conference in Katowice: A message from the European capital of coal

Following the COP24 climate talks in Poland, Simone Tagliapietra reviews the arguments for and challenges to decarbonisation. This opinion piece was originally published in Die Zeit. This year’s United Nations climate-change conference (COP24) opened this week in Katowice, the European capital of coal. Over the next days, the international delegates who have converged on the Polish city to negotiate a rule-book to make the Paris Agreement work will frequently experience the thick...

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A new strategy for EU-Turkey energy cooperation

Cooperation over energy and climate issues could be one of the components of the EU-Turkey Positive Agenda. Simone Tagliapietra proposes a new strategy for EU-Turkey energy cooperation, which envisions a shift of focus from gas and electricity to fields such as renewables and nuclear energy. Energy cooperation could be one of the few components of the EU-Turkey Positive Agenda, as strong mutual interests encourage cooperation even during politically difficult times. However, the...

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Deep Focus: Renewing the clean energy strategy in the Mediterranean

In this episode of Deep Focus, Bruegel research fellow Simone Tagliapeitra explains how the nature of cross-Mediterranean energy relations needs to change, not only in line with new climate-change targets but also to meet the burgeoning energy demand outside Europe.  Oil and gas dominated Euro-Mediterranean energy relations in the 20th century, but with the turn of the 21st century came a new focus on renewable sources. The new ventures were less successful than those of old, and both...

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The Euro-Mediterranean energy relationship: a fresh perspective

The author analyses the current renewable energy development in Southern Mediterranean countries (SMCs) and proposes a climate financing strategy that retreats from the Eurocentric approach. Not only will it allow the region to meet its energy demand sustainably, it will also benefit the EU, both in economic and political terms. The issue Energy is a fundamental component of the economic relationship between the European Union and southern Mediterranean countries, largely driven,...

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Electrification in sub-Saharan Africa: The role of international institutions

Bruegel fellow Simone Tagliapietra contributed to the new issue of the 'Oxford Energy Forum' with an article on the role of international and European financing institutions in fostering the electrification of Africa. Africa’s access to electricity varies by region: North Africa is almost entirely (99 per cent) electrified; in sub-Saharan Africa excluding South Africa (SSA), electrification rates in most countries are below 30 per cent; and South Africa is predominantly (86...

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