Abstract
This chapter concludes that gas infrastructure has the potential to be a vital component of the EU’s energy security and its commitment to the climate change towards 2050. It also acknowledges that the EU cannot produce zero carbon energy at a low cost. This concluding chapter, emphasises the importance of predictability of law and policy and open markets for enabling private investment in the gas value chain under the principles of project finance. Given the urgency of addressing climate change in a very strict timeframe, this final chapter provides broad recommendations with implications for the future of the gas sector in the EU as it addresses climate change in the ongoing energy transition.
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Notes
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Quarterly Report Energy on European Gas Markets Market Observatory for Energy DG Energy, Volume 12 (issue 1, first quarter of 2019), available at: https://ec.europa.eu/energy/sites/ener/files/quarterly_report_on_european_gas_markets_q1_2019_final.pdf.
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The European Federation of Energy Traders (EFET), Greece –Italy Incremental Capacity Proposal, 18.12.2017, available at: http://www.efet.org/Files/Documents/Downloads/EFET%20comments%20incremental%20capacity%20Greece%20-%20Italy.pdf.
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Jonathan Gaventa, Manon Dufour, Luca Bergamaschi, More Security, Lower Cost a Smarter approach to Gas Infrastructure in Europe , Energy Union Insight Series, E3G, March 2016, available at: http://www.energyunionchoice.eu/wpcontent/uploads/2017/08/E3G_More_security_lower_cost__Gas_infrastructure_in_Europe-1.pdf.
- 4.
Kim Talus , Decades of EU Energy Policy : Towards Politically Driven Markets, The Journal of World Energy Law & Business, Volume 10, Issue 5, 1 October 2017, pp. 380–388.
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Mete, G. (2020). Conclusion. In: Energy Transitions and the Future of Gas in the EU. Energy, Climate and the Environment. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-32614-2_7
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DOI: https://doi.org/10.1007/978-3-030-32614-2_7
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