 Energy and the ECDavid Pearce and Richard Westoby Chapter 10 in Britain within the European Community, 1983, pp 187-212 from Palgrave Macmillan Abstract: Abstract Strictly speaking, the EC does not have a ‘common’ energy policy — see Hu (1980). By and large, member countries are free to pursue their own supply and demand control policies on an independent basis.1 But, as with other resources, the concept of a common policy has been widely advocated as an integral part of the wider meaning of the EC. This chapter takes a preliminary look at one aspect of the early efforts to formulate such a policy, namely the setting of targets for the reduction of dependence on imports of crude or refined oil from countries outside the EC. The basis of this policy is straightforward and is commensurate with policy enunciated in non-EC countries: i.e. increased ‘energy independence’. This produces social benefits which, while not quantified in practice, could be approximated by the welfare gains of non-interruption of supplies from monopolistic suppliers such as OPEC — see Weyman-Jones (1981). We attempt to answer the question: how far is the EC likely to succeed in achieving energy independence targets in the next decade? Keywords: Energy Ratio; Final Energy Consumption; Energy Independence; Maximum Feasible Reduction; Belt Tightening (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17136-1_10 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-17136-1_10 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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