Past Event

Future of the European energy industry

Closed-door brainstorming workshop about how the European energy system is changing because of decarbonisation and digitalisation.

Date: June 14, 2017, 8:45 am Topic: Energy & Climate

On 14 June FEEM, Bruegel and the Florence School of Regulation, will organise a brainstorming workshop on the European energy industry in Milan.

This closed-door event is only open to Bruegel members and selected invitees.

The European energy system is going through a profound transformation as two trends reshape the system: decarbonisation and digitalisation. In this context, the European energy industry is under pressure to rethink its long-term business models in order to adapt to, and ideally make the best of, the new reality.

Oil and gas companies might bet against deep decarbonisation and just refocus on gas, on the basis of the assumption that this fuel could contribute to the phase-out of coal and could also represent a flexible back-up to variable renewables. Alternatively, they could embark on a more complex transformational process of diversification, to accompany their oil-to-gas switch with new sustainable energy activities.

Electricity utilities might bet on the indispensability of their coal and gas units to keep the lights on and seek to convince governments that they require continued cash-flows for their plants. Corresponding capacity mechanisms have been implemented in several EU countries. Alternatively, electricity utilities might bet on deep decarbonisation, and build up significant portfolios of renewable generation capacities, invest in networks and divest from fossil fuels.

New players might also emerge in the energy business, such as companies that provide integrated clean energy service packages entailing power generation, storage, demand management, heating and even mobility.

How companies respond to the emerging energy challenges will determine whether they will be part of the future or join the ranks of companies from other industries whose business models have been eclipsed by policy, technological and market change.

Speaker

Simone Tagliapietra

Research Fellow

Location & Contact

Milan

Matilda Sevon

matilda.sevon@bruegel.org

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Policy Contribution

A new strategy for European Union-Turkey energy cooperation

In a period of stress in the relationship between the European Union and Turkey, cooperation over energy could be a bright spot, because of strong mutual interests. Fields such as renewables, energy efficiency, nuclear energy and emissions trading could make a real impact on long-term energy, climate and environmental sustainability, and on overall macroeconomic and geopolitical stability.

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Date: October 24, 2017
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Past Event

Past Event

EU-Turkey energy and climate dialogues

This event is part of the joint Bruegel-IPC initiative European Neighbourhood Energy and Climate Dialogues. This is a closed door event, open only to Bruegel's members and a group of experts.

Speakers: Dirk Buschle, Ahmet Evin, Myriam Ferran, Philipp Godron, Daniel Grütjen, Sohbet Karbuz, Susanne Nies, Mehmet Oguctu, Megan Richards, John Roberts, Umit Sahin, Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: October 20, 2017
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Blog Post

We need a broader, greener EU-Turkey energy partnership

Energy is a vital part of the EU’s increasingly strained relationship with Turkey. It’s also one of the areas where there is still a lot of potential to find positive synergies. However, the EU’s strategy is too focussed on oil and gas. We need a broader and more sustainable approach to EU-Turkey energy relations.

By: Simone Tagliapietra Topic: Energy & Climate Date: October 19, 2017
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Past Event

Past Event

Fiscal aspects of the Energy Transition

Relative prices of different energy carriers are affected by a number of fiscal instruments. At this event, we will hold a discussion on, how fiscal instruments can be adjusted to better accommodate the energy transition.

Speakers: Jos Delbeke, Karen Pittel, Ian Parry, Gregor Pett and Georg Zachmann Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: October 17, 2017
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Past Event

Past Event

Fostering energy access in Sub-Saharan Africa: what role for Europe?

Lack of energy access is a major challenge for Sub-Saharan Africa. How can Europe contribute to solving this issue?

Speakers: San Bilal, Laura Cozzi, Alexander Huurdeman, Lapo Pistelli and Simone Tagliapietra Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: October 5, 2017
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External Publication

The role of international institutions in fostering sub-Saharan Africa’s electrification

With a new commentary published by the Columbia University Center on Global Energy Policy, Simone Tagliapietra and Morgan Bazilian discuss the role of international institutions in bringing electricity to sub-Saharan Africa (SSA). The authors offer a review of global financing initiatives for SSA’s electrification, and conclude that better coordination and information-sharing mechanisms to track the rapidly-changing landscape will be critical to achieve SSA energy access goals.

By: Simone Tagliapietra and Morgan Bazilian Topic: Energy & Climate Date: September 22, 2017
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Blog Post

Reinforcing the EU energy industry transformation: stronger policies needed

The European energy system is being transformed by three major forces, decarbonisation, digitalisation and decentralisation. Decarbonisation is changing the European energy mix, while innovation in digital technologies is enabling disruptive change in the way energy systems are operated.

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Date: September 21, 2017
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Past Event

Past Event

Bruegel Annual Meetings 2017

The Annual Meetings are Bruegel’s flagship event. They offer a mixture of large public debates and small private sessions about key issues in European and global economics. In a series of high-level discussions, Bruegel’s scholars, members and stakeholders will address the economic policy challenges facing Europe.

Speakers: Carlos Sallé Alonso, José Antonio Álvarez Álvarez, Agnès Bénassy-Quéré, Pervenche Béres, Matthias Buck, Grégory Claeys, Zsolt Darvas, Jean Luc Demarty, Maria Demertzis, Anna Ekström, Lowri Evans, Ferdinando Giugliano, Sandro Gozi, Peter Grünenfelder, Reiner Hoffmann, Levin Holle, Kate Kalutkiewicz, Steffen Kampeter, Peter Kažimír, Emmanuel Lagarrigue, Matti Maasikas, Steven Maijoor, Reza Moghadam, Nathalie Moll, James Murray, Johan Van Overtveldt, Julia Reinaud, André Sapir, Dirk Schoenmaker, Mateusz Szczurek, Marianne Thyssen, Jean-Claude Trichet, Reinhilde Veugelers, Nicolas Véron, Ida Wolden Bache, Liviu Voinea, Guntram B. Wolff and Georg Zachmann Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Location: Square - Brussels Meeting Centre Date: September 7, 2017
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External Publication

The European Gas Markets

This book, co-edited by Bruegel's Research Fellow Simone Tagliapietra, explores in detail the challenges which the European gas markets currently face, and the opportunities they present. Bringing together some of the most prominent gas experts on Europe from both academia and industry, this edited volume provides a comprehensive analysis of the various economic, political and technological factors that interact in this sector.

By: Simone Tagliapietra Topic: Energy & Climate Date: August 31, 2017
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Blog Post

Low carbon technology exports: the race is still open

A country’s relative strength in exporting a certain product is likely to persist. But it is easier to gain a comparative advantage in exporting low carbon products. When it comes to R+D, strength in a certain technological field is much less linked to past specialisation. This also holds for low carbon technologies. Finally, our preliminary findings are consistent with the view that R+D can help a country specialise in clean technology exports. However, we are not yet able to show that policy action supporting R+D in clean technologies is a sensible way to develop a comparative export advantage in these sectors.

By: Georg Zachmann and Enrico Nano Topic: Innovation & Competition Policy Date: August 24, 2017
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Book/Special report

Towards EU-MENA Shared Prosperity

Endowed with half of the world’s known oil and gas reserves, the Middle East and North Africa (MENA) region has become a cornerstone of the global energy architecture. This architecture is currently undergoing a structural transformation, prompted by two different forces: decarbonisation policies and low-carbon technology advancements. This book seeks to address the following research question: are MENA oil-exporting countries equipped to prosper in times of global decarbonisation?

By: Simone Tagliapietra, Abdelhak Bassou, Marion Jansen, Yassine Msadfa, Mario Filadoro and Larabi Jaidi Topic: Energy & Climate Date: August 17, 2017
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Blog Post

Building positive incentives: the potential of coalitions for sustainable finance

We need to move towards more sustainable, long-term thinking in the corporate and financial worlds. Coalitions of willing actors could play a role in driving this process. But what makes for an effective coalition, and how can this be measured? The authors assess existing coalitions for sustainable finance and business, and argue that well-functioning coalitions can positively reinforce social and government action.

By: Enrico Nano and Dirk Schoenmaker Topic: Finance & Financial Regulation Date: July 18, 2017
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