The Sound of Economics

How should the European Union’s industry respond to the energy crisis?

May 17, 2023

42:47

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Episode notes

Introduction

3min

The Impact of the European Gas Supply on the Economy

3min

The Effects of Fiscal Support on Energy Prices

4min

The Energy Crisis in Europe

5min

The Energy Intensity Industries

6min

The Pros and Cons of a High Energy Price Period With Unconditional Subsidies

3min

The Pros and Cons of Energy Intensification in Europe

3min

The Importance of Trade in Europe

5min

The German Energy Future: A Cheap Energy Future

2min

10.

The European Approach to the Energy Crisis

3min

11.

The Importance of Efficiency in Energy Imports

6min

In 2022, Europe managed to safeguard the security of energy supply during a turbulent time for the energy sector. Moreover, the EU industry has, also thanks to public support, remained resilient beyond expectations. As the peak of the crisis seems to be behind us, Europe now needs to assess its longer-term industrial repercussions.

In this episode of The Sound of Economics, Jeromin Zettelmeyer invites Georg Zachmann and Giovanni Sgaravatti to explore the impact of energy crises on European industry and how to address these challenges.

Relevant publication:
Sgaravatti, G., S. Tagliapietra and G. Zachmann (2023) ‘Adjusting to the energy shock: the right policies for European industry’ Policy Brief 11/2023, Bruegel