Ensuring energy supply in order to meet a fast-growing demand, especially in the Southern Mediterranean shore, is identified as a critical factor in the coming years. In order to meet this challenge, increasing investment in Renewable Energy Sources (RES) is a pivotal strategy. However the existing rules and the prevailing market condition do not seem to be able to attract the necessary investment required. The paper reports the results of a perception survey that analysed the role of the main actor able to drive rules adoption and institutional change for energy cooperation in the Mediterranean region. The survey identifies market integration as the main driver for cooperation over rules harmonization and security of supply. Responses come to partially mirror EU preferences, first around the priority for the internal market (its rules, institutions and regulation), and second around specific goals such as renewable energy sources and Energy efficiency. The results also highlight that tougher measures towards market implementation (unbundling and market liberalization) remain unresolved challenges and have been characterized by limited or no cooperation. Moreover, the perception of the EU pressure in shaping future energy markets in 11 non-EU Mediterranean countries, (Albania, Algeria, Bosnia and Herzegovina, Croatia, Egypt, Israel, Jordan, Libya, Montenegro, Palestine and Turkey) reveal the prevalence of the EU direct pressure compared to the network one.

EU Pressures and Institutions for Future Mediterranean Energy Markets: Evidence from a Perception Survey / Cambini, Carlo; Rubino, A. - In: Regulation and Investments in Energy Markets. Solutions for the Mediterranean / Rubino A., Costa Campi M. T., Lenzi V., Ozturk I.. - STAMPA. - [s.l] : Elsevier, 2016. - ISBN 978-0-12-804436-0. - pp. 133-153

EU Pressures and Institutions for Future Mediterranean Energy Markets: Evidence from a Perception Survey

CAMBINI, CARLO;
2016

Abstract

Ensuring energy supply in order to meet a fast-growing demand, especially in the Southern Mediterranean shore, is identified as a critical factor in the coming years. In order to meet this challenge, increasing investment in Renewable Energy Sources (RES) is a pivotal strategy. However the existing rules and the prevailing market condition do not seem to be able to attract the necessary investment required. The paper reports the results of a perception survey that analysed the role of the main actor able to drive rules adoption and institutional change for energy cooperation in the Mediterranean region. The survey identifies market integration as the main driver for cooperation over rules harmonization and security of supply. Responses come to partially mirror EU preferences, first around the priority for the internal market (its rules, institutions and regulation), and second around specific goals such as renewable energy sources and Energy efficiency. The results also highlight that tougher measures towards market implementation (unbundling and market liberalization) remain unresolved challenges and have been characterized by limited or no cooperation. Moreover, the perception of the EU pressure in shaping future energy markets in 11 non-EU Mediterranean countries, (Albania, Algeria, Bosnia and Herzegovina, Croatia, Egypt, Israel, Jordan, Libya, Montenegro, Palestine and Turkey) reveal the prevalence of the EU direct pressure compared to the network one.
2016
978-0-12-804436-0
Regulation and Investments in Energy Markets. Solutions for the Mediterranean
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11583/2628788
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