Browsing: energy security

Introduction. In the current European context, the development of the renewable energy sector stays under the sign of the subsidies from the state. The renewable energy sector is developing fast, but needs subsidies to be competitive. The renewable technology is not mature enough and cannot compete with the classic power plants technology based on fossil fuel. The European energy sector is in a process of restructuring aiming to a carbon free and clean energy. The energy transition aims to reduce the greenhouse emission in order to limit the global warming to maximum 2°C until 2030. As part of the European Union, Romania has a role in the battle with decarbonazition and has to participate to the reduction of greenhouse emissions by contributing at the European Energy Union common targets.

Aim of the study. The management process has to be developed by the government. The state policy implementation involves a laborious undertaking planning objectives in the context of available technologies and energy market competition accentuation.
Keywords: state policy, energy security, energy union, renewable energy, greenhouse emission, energy security risks, green certificate scheme.
JEL Classification: Q21, Q28, Q54, M38

Introduction. Europe is facing a growing demand for energy, with volatile prices and with serious disruptions in the energy supply. In 2014, the EU’s energy dependency was 53.4%, which meant that the EU bloc had to import more than half of the energy it consumed. To address these issues, a clear European energy strategy is needed, that is why the European Union has adopted a Democratic or participatory way of leadership.

Aim of the study. Leadership is a complex and dynamic process that has been defined in many different ways. Leadership has been described as autocratic, democratic, situational, transformational, and free rein. Democratic or participatory leadership style involves consultation with group members on actions and decisions, and encourages and rewards involvement in the process. These leaders make decisions and set goals with the approval and full participation of the members. That is why today Europe has common rules and Member States put their efforts together to access sufficient energy at affordable prices, keeping pollution to a minimum.
Keywords: European Union policy, energy dependence, leadership, energy strategy, interconnection, energy security, energy market, affordable electricity prices.
JEL Classification: F15, F21, F42, F5, F6, L11, Q4