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Why Europe needs a common market and integrated policy for Energy

Cooperation around energy has been one of the driving forces behind European integration. Nonetheless, the road is still a long one. During the 41st Villa d’Este Forum a study prepared by The European House – Ambrosetti in conjunction with Enel on this theme was presented.

Why Europe needs a common market and integrated policy for Energy

For over sixty years, cooperation around energy has been one of the driving forces behind European integration

In fact, the foundation of today’s European Union was the European Coal and Steel Community. Created in 1951, the goal of this body was to bring together countries that had been at war against each other to create a common market for coal, the most important energy source of the day.

Today, the link between energy integration and energy policy remains strong and energy is a linchpin for our future in common.

Europe is being called upon to take on an unprecedented challenge: to manage the transition to a sustainable energy future and climate change and—at the same time—preserve and strengthen its global competitive advantage.

New sources of energy (such as shale oil and shale gas) are becoming available and new technologies are transforming the way in which private individuals and companies utilize and benefit from energy.

Therefore, commitment on a European-wide level is needed that is up to this task, given the unprecedented opportunities being offered.

Smart grids and digital technologies can radically transform traditional business models in the energy sector, making it possible to develop new products and services for businesses and consumers.

Many results have already been obtained. Since the 1990s, the European Union has launched a number of initiatives involving energy policy that have introduced radical reforms. Today, energy markets in Europe are more liberalized, open, competitive and transparent.

However, the road is still a long one. Without a strong political vision, there can be no real integration. The changes to be faced must be preceded by significant progress in our policies. We need a new holistic approach that brings together the political, technological and economic aspects of energy so that the European Union can become the most sustainable and efficient economy in terms of energy, as well as a global leader in competitiveness and innovation.

This is the theme of the study presented during the 41st edition of the Forum “Intelligence on the World, Europe, and Italy” prepared by The European House – Ambrosetti in conjunction with Enel.


Building the European Energy Union:
Executive Summary (It.) Conceptual Framework Full report

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