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Europe's energy crisis conundrum : origins, impacts and way forward Yana Popkostova [Recurso electrónico]
Tipo de material:
TextoSeries Brief ; 2Detalles de publicación: Paris : European Union Institute for Security Studies , 2022Descripción: 8 pTema(s): Recursos en línea: Resumen: The energy sector is by default cyclical and history provides abundant examples of market expansion followed by sudden and at times painful contraction. Alas, the current crisis differs from previous such episodes in several important respects, mainly because the recent surge in energy prices offers a glimpse of a future where a transition to a low-carbon economy that is not properly managed or stress-tested against scarcity and volatility might produce recurrent market crunches and hinder the decarbonisation trajectory.
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Bibliografía: p. 8
The energy sector is by default cyclical and history provides abundant examples of market expansion followed by sudden and at times painful contraction. Alas, the current crisis differs from previous such episodes in several important respects, mainly because the recent surge in energy prices offers a glimpse of a future where a transition to a low-carbon economy that is not properly managed or stress-tested against scarcity and volatility might produce recurrent market crunches and hinder the decarbonisation trajectory.
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