Regulation and Investments in Energy Markets

Introduction

1. The energy cooperation in the Mediterranean – overview of the main challenges

The political agenda of the Mediterranean region has been reshaped by recent events concerning climate change, food crises, swinging oil reserves and prices, the potential impact of the shale gas revolution, unstable financial markets, and social unrest. All these issues led to question the current pattern of development and ultimately to shift it toward sustainable development at different geographical scales: global, regional, national, and local. The growing complexity of the actors and layers involved calls for a new and different role for the existing (and traditional) governance structure as well as definition of the missing ones. While multilevel ...