Second, we use fixed effects and instrumental variable estimators as well as an event study framework to analyse the link between domestic fossil energy production and imports. Using spatial econometric models we find a negative relationship between countries’ investment in energy capacities. We first examine how countries respond to changes in energy capacity investment by countries in the vicinity. To analyse these interdependencies we employ data for 17 European countries from 1978 to 2017. ![]() Yet, they increasingly depend on fossil fuel energy imports from abroad. At the same time, countries claim to drastically cut back their fossil fuel energy production. ![]() Hence, some economies, instead of investing in own domestic energy capacity, rely on energy production by their neighbours. This is rooted in the necessity to decarbonise energy systems and in the nuclear phase-out. Many economies are concerned with the future security of electricity supply.
0 Comments
Leave a Reply. |