The Linkages between Energy Efficiency and Security of Energy Supply in Europe

45 Pages Posted: 16 Jun 2010

See all articles by Andrea Bigano

Andrea Bigano

RFF-CMCC European Institute on Economics and the Environment; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici; Ca' Foscari University of Venice

Ramon Arigoni Ortiz

Basque Centre for Climate Change (BC3); UBath

Anil Markandya

Basque Centre for Climate Change (BC3); University of Bath

Emanuela Menichetti

Observatoire Méditerranéen de l'Energie

Roberta Pierfederici

Fondazione Eni Enrico Mattei (FEEM), CMCC - Euro Mediterranean Centre for Climate Change

Date Written: June 16, 2010

Abstract

It can be argued that one way to reduce the dependence from external energy sources, is simply to reduce the demand for energy. Energy savings may thus be considered a policy priority when concerns for energy security are particularly strong. Drawing on an original econometric approach, we check whether policies and measures that affect indicators of energy efficiency performance have an analogous effect on security of supply indicators, both at the whole economy level and within the main sectors of energy use in the EU 15 countries and Norway. Our analyses show that the indicators studied are affected by a number of policies and measures; however very few of them seem able to tackle effectively and simultaneously, energy efficiency, carbon efficiency and energy security. The main lesson to be drawn from this analysis is therefore that there is a number of energy efficiency policies in the EU that do work, but there is no silver bullet able to successfully address different policy objectives. Taking a more general perspective, what seems to work is the policy mix rather than this or that policy in insulation.

Keywords: Energy Efficiency, Energy Security, Policy Effectiveness, Europe

JEL Classification: Q40, Q48, Q58, C33

Suggested Citation

Bigano, Andrea and Ortiz, Ramon Arigoni and Markandya, Anil and Menichetti, Emanuela and Pierfederici, Roberta, The Linkages between Energy Efficiency and Security of Energy Supply in Europe (June 16, 2010). FEEM Working Paper No. 64.2010. Available at SSRN: https://ssrn.com/abstract=1625756 or http://dx.doi.org/10.2139/ssrn.1625756

Andrea Bigano (Contact Author)

RFF-CMCC European Institute on Economics and the Environment ( email )

Via Bergognone, 34
Milan, 20144
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Ca' Foscari University of Venice ( email )

Dorsoduro 3246
Venice, Veneto 30123
Italy

Ramon Arigoni Ortiz

Basque Centre for Climate Change (BC3) ( email )

Gran Vía 35-2
Bilbao, Vizcaya 48009
Spain

UBath ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

Anil Markandya

Basque Centre for Climate Change (BC3)

Gran Vía 35-2
Bilbao, Vizcaya 48009
Spain

University of Bath ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

Emanuela Menichetti

Observatoire Méditerranéen de l'Energie ( email )

France

Roberta Pierfederici

Fondazione Eni Enrico Mattei (FEEM), CMCC - Euro Mediterranean Centre for Climate Change ( email )

C.so Magenta 63
Milano, 20123
Italy

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