As part of a conference organized on May 25 by the Club of the Center for Prospective Studies and International Information (CEPII*), Olivier Massol (Professor at IFP School) and Lionel Ragot (CEPII, University of Paris Nanterre) presented the main conclusions of a policy brief dedicated to the energy and economic stakes of the war in Ukraine for Europe; a publication co-authored with Carl Grekou (CEPII), Emmanuel Hache (IFP Energies nouvelles), Frédéric Lantz (Professor at IFP School) and Valérie Mignon (CEPII, Université Paris Nanterre). The various authors provided additional elements regarding the themes addressed during a question-and-answer session.
This policy brief first provides an overview of the pre-war energy situation, including production and inter-regional trade of gas and oil. It details the dependence of European economies on Russian oil and proposes a macro-economic analysis of the consequences of the conflict. Finally, it presents avenues for strengthening the European Union's energy independence by redefining its sources of supply and accelerating its energy transition.
View the publication "War in Ukraine: upheavals and energy challenges in Europe"
*The CEPII has created a club to promote exchanges between business leaders, economic policy makers and experts on the major trends in globalization and international economic news.