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.[1] Energy is a key input into the economic process which transforms factors of production into goods and services.[2] 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.[3] 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 ...