Contributors
Biographies
Foreword
Introduction
Part I: A Roadmap for a Mediterranean Energy Community
Chapter 1: The Regulatory Framework of the Energy Community in South East Europe: Considerations on the Transferability of the Concept
Abstract
1. Introduction
2. Background of the EC concept
3. Transferring EU policies and mechanisms to SEE
4. The regional concept as a precondition
5. The role of investments in transmission networks
6. The role of regulatory agencies
7. Outline of investment incentive schemes
8. A different approach
9. Conclusions
Chapter 2: Defining Euro-Mediterranean Energy Relations
Abstract
1. The EU external energy policy: frameworks of analysis
2. Euro-Mediterranean energy relations
3. Issue (re)definition in the Mediterranean: the securitization of energy matters
4. Conclusions
Chapter 3: Renewable Energy in the Southern and Eastern Mediterranean: Current Trends and Future Developments
Abstract
1. Booming energy demand in SEMCs
2. The crucial role of electricity
3. Renewable energy potential of the region
4. The potential benefits of renewable energy in the region
5. SEMC national renewable energy plans
6. Barriers to the development of renewable energy in the region
7. Conclusions: toward a new Euro-Mediterranean renewable energy platform
Chapter 4: Scaling Up Renewable Energy Deployment in North Africa
Abstract
1. Energy systems in need of transformation
2. Initial steps to support deployment
3. Scaling up is challenging
4. Capitalizing on early steps to transform the energy sector and scale up renewables
Chapter 5: The Renewable Energy Targets of the MENA Countries: Objectives, Achievability, and Relevance for the Mediterranean Energy Collaboration
Abstract
1. Introduction
2. Background
3. Analysis
4. Transnational perspective
5. Conclusions
Chapter 6: Toward a New Euro-Mediterranean Energy Roadmap: Setting the Key Milestones
Abstract
1. Introduction: energy as a key prerequisite for sustainable regional development
2. The Euro-Med energy landscape: an overview
3. The first Euro-Med energy milestone: enhancing hydrocarbon cooperation in the region
4. The second Euro-Med energy milestone: challenging the persistence of energy subsidies
5. The third Euro-Med energy milestone: promoting energy efficiency
6. The fourth Euro-Med energy milestone: unlocking the renewable energy potential
7. The fifth Euro-Med energy milestone: promoting a new interconnected market
8. The sixth Euro-Med energy milestone: financing the sustainable energy transition
9. Conclusions: the need for a new Euro-Mediterranean energy roadmap
Chapter 7: Toward a Mediterranean Energy Community: No Roadmap Without a Narrative
Abstract
1. Introduction
2. Pathways toward a Mediterranean Energy Community
3. High expectations, harsh realities
4. Managing interdependency: elements for a Mediterranean Energy Community
5. Concluding remarks: developing a credible Euro-Mediterranean energy narrative
Part II: Challenge of Market-Based Regulation
Chapter 8: EU Pressures and Institutions for Future Mediterranean Energy Markets: Evidence from a Perception Survey
Abstract
1. Introduction
2. Normative diffusion in the energy sector
3. Perception of rules promotion: results from a semistructured survey
4. Conclusions
Acknowledgment
Chapter 9: Analysis of Future Common Strategies Between the South and East Mediterranean Area and the EU in the Energy Sector
Abstract
1. Introduction
2. Model description
3. Scenario description
4. The Reference Scenario
5. Alternative EU–SEM strategies
6. Conclusions
Chapter 10: Benefits of Market Coupling in Terms of Social Welfare
Abstract
1. Introduction
2. Day-ahead electricity markets in Europe
3. Benefits from electricity cross-border trading
4. Day-ahead market coupling
5. Benefits from pan-European market coupling
6. Some thoughts about cross-border trade between the Iberian electricity market (MIBEL) and Northern Africa
7. Conclusions
Chapter 11: Power Market Structure and Renewable Energy Deployment Experiences From the MENA Region
Abstract
1. Introduction
2. Unbundling of the power sector
3. Renewable energy and private sector participation
4. Renewable energy shares and targets
5. Conclusion – policy implications
Chapter 12: Northern Perspective: Developing Markets Around the Baltic Sea
Abstract
1. Introduction
2. Political and economic integration in the Baltic Region
3. Nordic electricity market – a success story
4. Gas – weakening Russian dominance
5. Increasing the role of the European Union
6. Conclusions
Part III: Investments for Grids and Generation Projects
Chapter 13: Private Participation in Energy Infrastructure in MENA Countries: A Global Perspective
Abstract
1. Introduction
2. Global overview
3. Energy investment
4. Regional overview – the MENA region
5. Conclusions
Chapter 14: Investment and Regulation in MENA Countries: The Impact of Regulatory Independence
Abstract
1. Introduction
2. The establishment of regulatory authorities: pitfalls of the institutional endowment of countries
3. The regulatory and institutional landscape in MENA countries
4. Empirical analysis
5. Conclusions
Chapter 15: Financing Mediterranean Electricity Infrastructure: Challenges and Opportunities for an Interconnected Mediterranean Grid
Abstract
1. Introduction: regional energy context and OME vision
2. The challenge of financing infrastructure in SEMCs
3. Toward an interconnected Mediterranean grid: some regulatory perspectives
4. Policy implications and conclusions
Chapter 16: New Regional and International Developments to Boost the Euro-Mediterranean Energy Sector
Abstract
1. Introduction
2. Energy legal reforms in MENA countries
3. The new Euro-Mediterranean energy platforms
4. Toward a new European Neighbourhood Policy
5. The Energy Charter Treaty and the new International Energy Charter
6. Conclusions
Disclaimer
Chapter 17: Investing in Infrastructures: What Financial Markets Want
Abstract
1. The utilities sector – a historical perspective
2. The role of institutional investors
3. The four key conditions to stimulate investments in infrastructures
4. Conclusions
Subject Index