Security Of Energy Supply In Europe - Natural Gas, Nuclear and Hydrogen

In economic, technical and political terms, the security of energy supply is of the utmost importance for Europe. Alongside competition and sustainability, supply security represents a cornerstone of the EU’s energy policy, and in times of rising geopolitical conflict plays an increasingly important role in its external relations. Within this context, the contributors analyse and explore the natural gas, nuclear, and hydrogen energy sectors, which will be of critical significance for the future of energy supplies in Europe. The book opens with an extensive exploration of the very definition of ‘supply security’ and moves beyond sector-specific debates to highlight the political sensitivity surrounding energy security. The expert contributors apply a policy perspective, underpinned by theoretical discussion, to economic analysis in order to yield policy-relevant conclusions. They illustrate that the EU lacks a coherent transnational energy policy, that national energy policies fail to match EU goals and that, ultimately, sustainable energy policies, more competition, and better regulation will improve global welfare. Academics and EU policymakers – both at national and international levels – will find that the topical policy recommendations, extensive overview of supply security, and detailed perspectives on the natural gas, nuclear and hydrogen sectors presented herewith constitute an invaluable reference and research tool.

Introduction PART I: NATURAL GAS 1. Supply Security and Natural Gas Christian von Hirschhausen, Franziska Holz, Anne Neumann and Sophia Rüster 2. Seeking Competition and Supply Security in Natural Gas: The US Experience and European Challenge Jeff Makholm 3. The New Security Environment for European Gas: Worsening Geopolitics and Increasing Global Competition for LNG Jonathan Stern 4. Natural Gas and Geopolitics David G. Victor PART II: NUCLEAR POWER 5. European Electricity Supply Security and Nuclear Power: An Overview William J. Nuttall and David M. Newbery 6. Contractual and Financing Arrangements for New Nuclear Investment in Liberalized Markets: Which Efficient Combination? Dominique Finon and Fabien Roques 7. Nuclear Power and Deregulated Electricity Markets: Lessons from British Energy Simon Taylor 8. Nuclear Energy in the Enlarged European Union William J. Nuttell PART III: HYDROGEN 9. Supply Security and Hydrogen Julián Barquín and Ignacio Pérez-Arriaga 10. Hydrogen from Renewables Dries Haeseldonckx and William D’haeseleer 11. Build-up of a Hydrogen Infrastructure in Europe Martin Wietschel, Philipp Seydel and Christoph Stiller 12. The Contributions of the Hydrogen Transition to the Goals of the EU Energy and Climate Policy Anders Chr. Hansen 13. R&D Programs for Hydrogen: US and EU Steven Stoft and César Dopazo PART IV: CONCLUSIONS 14. EU Energy Security of Supply: Conclusions Jean-Michel Glachant, François Lévêque and Pippo Ranci Index