Abstract
This paper examines the roots of the European energy crisis within the period of 2021–2022, the reasons for the European gas shortage, the effect of the Russian invasion of Ukraine, and the potential EU responses. The current crisis is a result of several factors, starting from the Covid-19 pandemic in 2020 and amplified severely by the current conflict between Russia and Ukraine. In addition, five reasons were identified as worsening the EU energy situation. These include market-based gas prices, external dependency, global imbalances, the EU's climate policies, and low European energy stocks. The Russian invasion of Ukraine put pressure on the oil and gas supplies to the EU. This situation led the EU to introduce sanctions and measures that target increasing the share of renewable energy while reducing the dependence on Russian gas. Finally, we shed light on the energy transition as an opportunity to deal with climate change and limited energy resources while also showing the challenges that would hinder a just transition.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
