Abstract

https://ssrn.com/abstract=2618232
 


 



The Creation of a European Energy Union


Rafael Leal-Arcas


Queen Mary University of London - School of Law

Juan Alemany Rios


Queen Mary, University of London

June 14, 2015

European Energy Journal, Vol. 5, Issue 3, pp. 24-60, 2015
Queen Mary School of Law Legal Studies Research Paper No. 206/2015

Abstract:     
Energy security is one of the main problems that humanity faces today and the European Union (EU) has to rely on energy-rich countries for its energy needs. The European Innovation Union, the Energy Community, and the Europe 2020 initiative address energy security as a priority, but policies seem to be reactive instead of addressing energy security in its complexity. This problem can be solved with appropriate legal tools. Energy governance has links with several policies: trade, investment, environmental protection, energy transit, energy security, finance, et cetera. Of these policies, energy trade has a high impact for European energy security policy. Currently, the international community does not address trade in energy as a cohesive entity and its governance is fragmented.

The paper explores the institutional legal framework for the creation of a European energy union, whose aim is to achieve affordable, secure and sustainable energy. This energy union is based on five pillars, which are analyzed: security, solidarity and trust; the completion of a competitive internal market; moderation of demand; the decarbonization of the EU energy mix (i.e., greater use of renewable energy); and technologies. The EU is the first region in the world to set up the ambitious target of decarbonizing its economy by 2050. The paper then looks at the energy union in the context of the rule of law. All of this could be reproduced in other regions of the world and eventually create a new international energy order. This requires a fresh and comprehensive approach to legal instruments.

Number of Pages in PDF File: 37

Keywords: European energy union, energy security, Energy Community, Euro-Mediterranean Energy Partnership, internal energy market, energy efficiency, decarbonization, transparency, equality


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Date posted: June 15, 2015 ; Last revised: September 18, 2015

Suggested Citation

Leal-Arcas, Rafael and Alemany Rios, Juan, The Creation of a European Energy Union (June 14, 2015). European Energy Journal, Vol. 5, Issue 3, pp. 24-60, 2015; Queen Mary School of Law Legal Studies Research Paper No. 206/2015. Available at SSRN: https://ssrn.com/abstract=2618232

Contact Information

Rafael Leal-Arcas (Contact Author)
Queen Mary University of London - School of Law ( email )
67-69 Lincoln’s Inn Fields
London, WC2A 3JB
United Kingdom
HOME PAGE: http://www.ccls.qmul.ac.uk/staff/lealarcas.html
Juan Alemany Rios
Queen Mary, University of London ( email )
Lincoln's Inn Fields
Mile End Rd.
London, E1 4NS
United Kingdom
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