Is There a Trilemma of Energy Policy? A Theoretical and Empirical Approach

Michaela Horúcková () and Thierry Baudassé ()
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Michaela Horúcková: LEO CNRS, University of Orleans, France, and OPF, Silesian University, Czech Republic
Thierry Baudassé: LEO CNRS, University of Orleans, France

Economic Research Guardian, 2019, vol. 9, issue 1, 2-34

Abstract: This paper is an attempt to shade a new light on the topic of the “energy policy trilemma”. The idea of a partial incompatibility of the objectives of energy policy has taken a certain importance in the recent literature about energy and environment policies. This contribution is original in two aspects. First, the elaboration of our composite indexes follows the methodology given in OECD (2008) and is based on Principal Component Analysis. Second, we define the three objectives of energy policies in a different way from what has been done in the literature. In our approach, the three objectives are defined as energy security, energy sustainability and environmental protection. The study is conducted on eight European countries corresponding to the ten major energy companies in Europe.

Keywords: Energy Security; Energy Sustainability; Environmental Protection (search for similar items in EconPapers)
JEL-codes: E61 O13 Q01 Q40 Q50 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:9:y:2019:i:1:p:2-34

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