The EU aims to reduce dependency on particular fuels, energy suppliers, and supply routes and to develop a well-functioning internal energy market. Our authors analyse the main current challenges in achieving these goals and discuss the role of the V4 countries in increasing EU's energy security. Although V4 countries face different challenges, the prospects for cooperation are considerable. The paper offers policy recommendations that would help policy-makers address the current challenges and strengthen the energy security in the Visegard region and the EU as a whole.
On 5 November 2015, as part of the Tatra Summit conference, CEPI led a roundtable titled V4’s energy security and markets: challenges ahead.
Maroš Šefčovič, Vice-President for Energy Union of the European Commission, delivered the introductory remarks.
On the 28th April 2015, CEPI hosted at its headquarters in Bratislava a closed door debate focusing on development of the energy market in Slovakia and Europe and the role to be played in this regard by the project of
In June 2013, the project of the Nabucco pipeline collapsed. It became clear that the pipeline meant to bring Caspian gas to the doorstep of the Visegrad countries would not be built in this decade. There is simply not enough gas to import. But Central Europe has other opportunities to reinforce its energy security: new ways of gas trading and an integrated European market. Only then it can tackle its two major challenges, Gazprom and the globalized gas markets.
In 2007, Europe has set ambitious energy and climate policy goals for itself. By 2020 EU countries are to reduce their greenhouse gas emissions by 20 per cent, increase their share of renewable energy to 20 per cent of the total, and improve their energy efficiency by 20 per cent. Six years later, the member-states seem to be on track: greenhouse gas emissions have been reduced and the share of renewable energy sources (RES) in the EU’s gross final production went up from 8.6 per cent to 12.7 per cent between 2005 and 2010.