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REPowerEU as a Crisis Response: Immediate Diversification and Green Transition
Abstract
The EU has been facing an energy crisis on behalf of Russia’s invasion of Ukraine in February 2022. To substitute Russian fossil fuels, the EU has built its response on the European Green Deal (EGD), the REPowerEU plan. The plan has three main pillars: diversification of energy supplies, green energy investments, and promoting energy saving. The article focuses on the performance of the REPowerEU Plan by analyzing it both internally and externally. The article provides a background for how the REPowerEU Plan is built upon the EGD by examining the links between these two strategies. Then, the article focuses on these three pillars. First, the article provides an insight into the diversification policy by referencing LNG and pipeline agreements and critical raw material agreements for renewables. Second, the article provides an overview of the EU’s green energy investments since the initiation of the REPowerEU Plan. Third, energy saving is analyzed through the internal practices of the EU. The article emphasizes that the REPowerEU plan entails a combination of short-term and long-term measures in the energy crisis response. Though the plan has contributed to the EGD’s overarching goals in a broader context, its primary focus seems to secure the EU’s energy demand. In this sense, the article draws a conclusion that underlines the imbalance between the green transition and the immediate needs.
Keywords
References
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Details
Primary Language
English
Subjects
European Union Economy
Journal Section
Research Article
Authors
Publication Date
August 24, 2024
Submission Date
June 20, 2024
Acceptance Date
July 22, 2024
Published in Issue
Year 2024 Volume: 6 Number: Özel Sayı 1
APA
Taydaş, A. Ö. (2024). REPowerEU as a Crisis Response: Immediate Diversification and Green Transition. Ekonomi İşletme Ve Maliye Araştırmaları Dergisi, 6(Özel Sayı 1), 79-86. https://doi.org/10.38009/ekimad.1502909
AMA
1.Taydaş AÖ. REPowerEU as a Crisis Response: Immediate Diversification and Green Transition. EKİMAD. 2024;6(Özel Sayı 1):79-86. doi:10.38009/ekimad.1502909
Chicago
Taydaş, Anıl Ömer. 2024. “REPowerEU As a Crisis Response: Immediate Diversification and Green Transition”. Ekonomi İşletme Ve Maliye Araştırmaları Dergisi 6 (Özel Sayı 1): 79-86. https://doi.org/10.38009/ekimad.1502909.
EndNote
Taydaş AÖ (August 1, 2024) REPowerEU as a Crisis Response: Immediate Diversification and Green Transition. Ekonomi İşletme ve Maliye Araştırmaları Dergisi 6 Özel Sayı 1 79–86.
IEEE
[1]A. Ö. Taydaş, “REPowerEU as a Crisis Response: Immediate Diversification and Green Transition”, EKİMAD, vol. 6, no. Özel Sayı 1, pp. 79–86, Aug. 2024, doi: 10.38009/ekimad.1502909.
ISNAD
Taydaş, Anıl Ömer. “REPowerEU As a Crisis Response: Immediate Diversification and Green Transition”. Ekonomi İşletme ve Maliye Araştırmaları Dergisi 6/Özel Sayı 1 (August 1, 2024): 79-86. https://doi.org/10.38009/ekimad.1502909.
JAMA
1.Taydaş AÖ. REPowerEU as a Crisis Response: Immediate Diversification and Green Transition. EKİMAD. 2024;6:79–86.
MLA
Taydaş, Anıl Ömer. “REPowerEU As a Crisis Response: Immediate Diversification and Green Transition”. Ekonomi İşletme Ve Maliye Araştırmaları Dergisi, vol. 6, no. Özel Sayı 1, Aug. 2024, pp. 79-86, doi:10.38009/ekimad.1502909.
Vancouver
1.Anıl Ömer Taydaş. REPowerEU as a Crisis Response: Immediate Diversification and Green Transition. EKİMAD. 2024 Aug. 1;6(Özel Sayı 1):79-86. doi:10.38009/ekimad.1502909
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