Energy Security in European Union -Opportunities and Challenges

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Ahmed Zitout, Samir Ghouini

Abstract

The recent energy crisis affecting European Union (EU) countries highlighted significant vulnerabilities in the stable supply of energy, particularly due to reduced gas exports from Russia. This disruption threatened to undermine both the population's basic needs and the economic activities of EU nations. In response, EU member states have actively pursued a range of measures to mitigate the energy gap, focusing on diversifying energy sources, exploiting available renewable resources, and promoting energy efficiency.


Had these proactive measures not been implemented, the crisis could have severely impacted millions of EU residents, particularly during the winter months when demand for heating surges, as well as hindered economic activities related to production, distribution, and transportation. However, the swift actions taken by EU countries—particularly their solidarity and mutual assistance—played a key role in alleviating the immediate effects of the crisis.


This energy crisis underscores the critical need for the EU to diversify its energy sources and invest in sustainable, resilient energy systems. Such measures are essential to ensuring a stable and reliable energy supply in the face of both current and future external challenges.

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How to Cite
Ahmed Zitout, Samir Ghouini. (2024). Energy Security in European Union -Opportunities and Challenges. European Economic Letters (EEL), 14(4), 990–996. Retrieved from https://www.eelet.org.uk/index.php/journal/article/view/2223
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