This paper assesses empirically the effects of oil price shocks on the real economic activity of the main industrialised countries. Multivariate VAR analysis is carried out using both linear and nonlinear models. The latter category includes three approaches employed in the literature, namely,...

We present a general equilibrium model of the global oil market, in which the oil price, oil production, and consumption, are jointly determined as outcomes of the optimizing decisions of oil importers and oil exporters. On the supply side the oil market is modelled as a dominant firm – Saudi...

The targeted increase of renewable energy sources in the European energy mix to 20% by 2020, and the goal of an 80-95% CO2 emissions reduction by 2050, will require changes to and extensions of the electricity grid. The integration of increasing shares of fluctuating renewable electricity,...

Based on a series of case studies, this study identifies the factors that can influence successful implementation of specific renewable energy technologies in European Union Member States. It aims to facilitate greater use of renewable energy sources and contribute to efforts by the EU and its...

Iberdrola S.A. is a Spanish-based company with headquarters in Bilbao. It is one of the world's leading private energy utilities and its core business is related to the generation, transmission, distribution and sales of electricity. The companyu0092s home markets are naturally situated in...

The energy sector is one of the central pillars of economic growth and competitiveness, and of social and territorial cohesion in Europe.[...] The signing of the Coal and Steel Treaty in 1951 and the European Atomic Energy Treaty in 1957 marked the significance of the energy sector throughout...