Investment Report 2022/2023: Resilience and renewal in Europe – Chapter 6

20.500.12592/v5b7c3

Investment Report 2022/2023: Resilience and renewal in Europe – Chapter 6

28 Feb 2023

About the Economics Department of the EIB The mission of the EIB Economics Department is to provide economic analyses and studies to support the Bank in its operations and to help define its positioning, strategy and policy. [...] the first and second sections give an overview of the energy crisis in europe, including recent patterns in energy price movements and aspects of the security of supply in the short and longer term. [...] In the energy-only market, the merit order effect describes the sequence in which power plants contribute power to the market, with the cheapest offer made by the power plants with the smallest operating costs setting the starting point (renewables and nuclear, for example) and the most expensive offer usually made by natural gas power plants. [...] Security of supply tops the EU policy agenda The unfolding energy crisis has pushed security of supply to the top of the energy policy agenda, requiring a revision of the policy framework and energy market design. [...] Green transition and the enerGy crisis Chapter 6 Explanatory variables Invest in climate Plan to invest in climate Invest in energy efficiency 236 Part IIResilience and renewal The energy crisis is creating promising investment opportunities The ongoing energy crisis presents an opportunity for the private sector to accelerate its green plans and position itself at the forefront of the fight again.

Authors

EIB

Pages
39
Published in
Luxembourg

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