러시아-우크라이나 전쟁 이후 유럽 주요국의 에너지 위기 대응 정책 분석(Europe’s Energy Crisis, National Policies and Industrial Production: Insights for South Korea)

Yoonjung Kim () and You Jin Lim ()
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Yoonjung Kim: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, https://www.kiep.go.kr/eng/
You Jin Lim: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, https://www.kiep.go.kr/eng/

No 22-18, Policy Reference from Korea Institute for International Economic Policy

Abstract: 본 연구에서는 러시아-우크라이나 전쟁 이후 유럽의 에너지 위기 대응 정책을 살펴보고, 산업 생산과 에너지 위기 대응 정책의 관련성을 분석하였다. 러시아-우크라이나 전쟁 이후 유럽 내 에너지 위기의 배경, 에너지 가격 상승과 인플레이션의 연관성을 살펴보고, 유럽 주요국 정부가 에너지 위기의 충격을 완화하고자 집행한 다양한 정책들을 통해 정책적 함의를 도출하였다. 또한 유럽 주요국의 에너지 위기 대응 정책 도입 시점에 대한 정보를 이용하여 이러한 정책들과 산업 생산에 유의미한 관계가 있었는지 분석하였다. 지금까지 우리나라의 에너지 가격 상승은 유럽의 에너지 위기 상황에 비할 수 없지만, 취약계층을 더 면밀하게 파악하고 재정적 지원을 보다 효과적으로 실행할 수 있는 시스템을 구축하여 재정 집행의 비효율을 최소화할 수 있도록 대비해야 한다. 또한 가격 신호를 최대한 이용하면서 장기적으로는 에너지 효율화 및 수급 안정성 강화를 위해 노력해나가야 한다.(This study analyzes Europe’s policy responses after the energy crisis after the Russian-Ukrainian war and examines the impact of policy measures on industrial production. Although the mild winter of 2022 resulted in lower-than-expected energy demand, and energy prices have stabilized since the end of 2022, there is uncertainty about the severity of the winter in 2023 and the war is showing signs of prolongation. While Europe is using the energy crisis as an opportunity for the green transition, Europe is also accepting that it will continue to use fossil fuels, including liquefied natural gas (LNG), for at least the next decade and possibly even longer. The fact that Europe can no longer rely on fossil fuel supplies from Russia has significant implications for Korea, which is a net energy importer, as it may be affected by the increasing demand from Europe in the international energy market. Analyzing Europe’s policy measures on energy crisis provides important policy recommendations for potential energy price surge in South Korea due to the additional international energy demand. Chapter 2 explores the background of the energy crisis in Europe after the Russian-Ukrainian war, and explores the link between rising energy prices and inflation. We analyze the various policies implemented by the national governments of three European countries to mitigate the impact of the energy crisis, namely Germany, France, and the United Kingdom. The study demonstrates a significant increase in energy prices, providing justification for the implementation of national policy measures. We show heterogeneity across countries, including dependence on Russian energy, available fuel types, and the different institutional contexts, and further investigated the policy packages in each country. the rest omitted)

Keywords: Energy crisis; Energy use; Energy subsidy; Europe; Industry production (search for similar items in EconPapers)
Pages: 101 pages
Date: 2023-09-04
New Economics Papers: this item is included in nep-cis, nep-ene and nep-env
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