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You searched for: Publishing Institution EGMONT - The Royal Institute for International Relations Remove constraint Publishing Institution: EGMONT - The Royal Institute for International Relations Political Geography Europe Remove constraint Political Geography: Europe Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Topic Economics Remove constraint Topic: Economics
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  • Author: Tania Zgajewski
  • Publication Date: 04-2014
  • Content Type: Working Paper
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: Shale gas is an unconventional form of gas because its extraction is more difficult or less economical than that of conventional natural gas. It has become an important item of energy policy during the last years since new processes have allowed its extraction. In the medium term, shale gas should foster a reinforcement of the gas part in the world's energy mix. In 2011, the IEA released an influential report entitled "Are we entering a golden age of gas?" This report suggests that shale gas could help substantially boost global gas use. It also warns at the same time that this success could bring into question the international goal of limiting the long-term increase in the global temperature to 2° C above pre-industrial levels.
  • Topic: Economics, Energy Policy, Environment, Human Rights
  • Political Geography: Europe
  • Author: Xavier Vanden Bosch
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: In recent years much has been accomplished to make the EMU more resilient to banking crises, sovereign-debt crises or balance-of-payment crises. Several 'backstops' or financial safety nets were progressively put in place to absorb the shocks that could have otherwise broken the EMU as a system. These substantial advances reflected a gradual, trial-and-error approach rather than a grand design that would have completely overhauled the EMU architecture. While flexibility and realism have advantages, complacency is a clear risk. With no roadmap to follow, efforts to complete the architecture of the EMU may fade with time. Maintaining a sense of direction is crucial while potential vulnerabilities remain.
  • Topic: Economics, International Trade and Finance, Financial Crisis
  • Political Geography: Europe
  • Author: Stijn Verhelst, Xavier Vanden Bosch
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: This Policy Brief discusses the challenges that await policymakers in reforming the EMU. A balance between discipline and solidarity will have to be found, while institutional reforms should improve the eurozone's legitimacy and efficiency. The key decisions on EMU reforms will have to be made during the 2014-2019 parliamentary term, as the window of opportunity for major reforms is likely to be closed afterwards.
  • Topic: Economics, Monetary Policy, Financial Crisis, Reform
  • Political Geography: Europe
  • Author: Clémentine d'Oultremont
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: Ensuring the sustainability, security and cost-competitiveness of energy supplies for the EU citizens are the main objectives of the EU climate and energy policy, which remains high on the EU agenda. The next European legislature will have the difficult task to reconcile these different objectives into a comprehensive 2030 framework for climate and energy policies.
  • Topic: Climate Change, Economics, Energy Policy
  • Political Geography: Europe
  • Author: Charles Secondat, Daisy Roterod, P.J. Goossens
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: The German Constitutional Court (BVG) recently referred different questions to the European Court of Justice for a preliminary ruling. They concern the legality of the European Central Bank's Outright Monetary Transaction mechanism created in 2012. Simultaneously, the German Court has threatened to disrupt the implementation of OTM in Germany if its very restrictive analysis is not validated by the European Court of Justice.
  • Topic: Economics, Regional Cooperation, Monetary Policy
  • Political Geography: Europe
  • Author: Tania Zgajewski
  • Publication Date: 05-2014
  • Content Type: Working Paper
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: Energy saving has been a stated policy objective of the EU since the 1970s. Presently, the 2020 target is a 20% reduction of EU energy consumption in comparison with current projections for 2020. This is one of the headline targets of the European Energy Strategy 2020 but efforts to achieve it remain slow and insufficient. The aim of this paper is to understand why this is happening.
  • Topic: Economics, Energy Policy, Regional Cooperation, Reform
  • Political Geography: Japan, Europe
  • Author: Stijn Verhelst
  • Publication Date: 07-2014
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: The task of ensuring the democratic legitimacy of the euro has been placed high on the agenda. A eurozone subcommittee in the European Parliament is one of the rare concrete proposals to secure this, creating high hopes. Due to legal and political hurdles the idea might nonetheless have minimal results, which might result in suboptimal parliamentary scrutiny of the eurozone. This Policy Brief argues that if a eurozone subcommittee is to be both meaningful and politically feasible, it should combine substantial competences with innovative decision-making.
  • Topic: Economics, Regional Cooperation, Monetary Policy
  • Political Geography: Europe
  • Author: Tania Zgajewski
  • Publication Date: 08-2014
  • Content Type: Working Paper
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: Like other regions of the world, the EU is developing biofuels in the transport sector to reduce oil consumption and mitigate climate change. To promote them, it has adopted favourable legislation since the 2000s. In 2009 it even decided to oblige each Member State to ensure that by 2020 the share of energy coming from renewable sources reached at least 10% of their final consumption of energy in the transport sector. Biofuels are considered the main instrument to reach that percentage since the development of other alternatives (such as hydrogen and electricity) will take much longer than expected.
  • Topic: Climate Change, Economics, Energy Policy, Environment, Biofuels
  • Political Geography: Europe
  • Author: Xavier Vanden Bosch
  • Publication Date: 09-2014
  • Content Type: Working Paper
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: Despite renewed interest in an EU industrial policy, the concept remains particularly elusive because it has no universal definition. This paper relies on a broad and inclusive definition of industrial policy proposed by Warwick (in an OECD working paper) to provide a clearer picture of what the concept encompasses when applied to the EU. It therefore includes an original visual taxonomy of the EU policies that constitute industrial policy. It can serve as a guiding framework for reflecting on industrial policy in the EU.
  • Topic: Economics, Industrial Policy, Political Economy, Governance
  • Political Geography: Europe
  • Author: Stijn Verhelst
  • Publication Date: 06-2013
  • Content Type: Working Paper
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: Europe's financial and sovereign debt crises have become increasingly interconnected. In order to break the negative feedback loop between the two, the EU has decided to create a common supervisory framework for the banking sector: the Single Supervisory Mechanism (SSM). The SSM will involve a supervisory system including both the national supervisors and the European Central Bank (ECB). By endowing the ECB with supervisory authority over a major part of the European banking sector, the SSM's creation will result in a shake-up of the way in which the European financial sector is being supervised. Under the right circumstances, this could be a major step forward in addressing Europe's interconnected crises.
  • Topic: Debt, Economics, Regional Cooperation, Monetary Policy, Financial Crisis
  • Political Geography: Europe