Chapter 6

Toward a New Euro-Mediterranean Energy Roadmap: Setting the Key Milestones

Manfred Hafner
Simone Tagliapietra    Fondazione Eni Enrico Mattei, Milan, Italy

Abstract

The energy situation in southern and eastern Mediterranean countries (SEMCs) continues to be characterized by a rapid increase of energy demand, low energy efficiency, and low domestic energy prices due to the extensive deployment of universal consumption subsidies. The patterns of energy supply and consumption greatly affect the main macroeconomic parameters of the countries, including fiscal balances and poverty trends. In short, the current energy situation of SEMCs does not appear sustainable and poses several risks to the prospects of socioeconomic development of the ...

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