Energy Law in Europe - Introduction and Outlook
Article from: OGEL 2 (2007), in Energy Union, EU Energy
Why energy matters
Today energy is almost as important as the air we breathe. Energy is a key input into the economic process which transforms factors of production into goods and services. Therefore, a secure access to energy sources at reasonable prices is essential to generate national and regional economic growth and competitiveness in an era of globalization. Although societies' use of energy varies enormously - due to basic and fundamental differences of geography, climate, culture and economic systems - energy's contribution to social wellbeing and employment maintenance of any ...