SECURE Project - Security of Energy Considering its Uncertainty, Risk and Economic implications

While the energy intensity of EU gross domestic product has progressively decreased, energy consumption remains at the heart of economic growth. This explains how important it is for Europe to keep its energy supply secure and reliable both in terms of volumes and prices, and why energy sometimes contributes to justify armed conflicts and terrorism.
Energy security has recently gained importance on the policy agenda due to the growing dependence of industrialized economies on energy consumption and the increased frequency of disruption in supply. The current European domestic energy system is considered as not reliable enough to support sustained and stable economic growth. Energy consumption in European OECD countries is steadily increasing, while domestic European sources are becoming exhausted, leading to growing import dependence, especially for oil and natural gas. The real national and international challenge for economic development over the next years is to derive policies that address the three core European goals in a compatible and harmonious way.

 

Seventh Framework Programme

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