Natural Gas, Nuclear and Hydrogen
Loyola de Palacio Series on European Energy Policy
1 THE ISSUE: SUPPLY SECURITY Supply security is of utmost importance for the European Union (EU) and its member states, in economic, technical, and political terms. Secure energy supply is a cornerstone of the ‘magic triangle’ of energy policy, the two others being competition and sustainability. And in times of rising geopolitical conflicts, supply security has also increased in importance in the external relations of the EU. This book presents the main ideas resulting from the CESSA project – CESSA stands for ‘Coordinating Energy Security in Supply Activities’, which gives the leitmotiv of the project. The project was funded by DG Research within the 6th Framework Programme, and it was also supported by DG TREN through information and access to decision makers. CESSA was coordinated by the Université Paris-Sud and the École des Mines de Paris/Paris Tech, with work packages attributed to the University of Cambridge, the Universidad Pontificia Comillas in Madrid, and the German Institute for Economic Research (DIW Berlin) in cooperation with the Chair of Energy Economics and Public Sector Management at the University of Technology (TU) Dresden. The Florence School of Regulation provided input to the project coordination and the conclusions. In addition, scholars from Stanford University and the Massachusetts Institute of Technology, among others, contributed to the work. The overarching belief expressed in this book is that a sustainable energy policy, more competition, and better regulation will increase global welfare. The authors are convinced that ideas, theories and facts improve policies. There is also a consensus that...