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Security of Energy Considering its Uncertainty, Risk and Economic Implications

Security of Energy Considering its Uncertainty, Risk and Economic Implications

Objective

The SECURE project will build a comprehensive framework that considers all the issues related to the topic of security of supply, including geopolitics, price formation and the economic and technical design of energy markets inside and outside the EU. Tools, methods and models will be developed to measure and assess EU security of energy supply both outside the EU and inside the EU. The objective is to evaluate the vulnerability of the EU to the different risks which affect energy supplies in order to help optimizing the Union’s energy insecurity mitigation strategies, including infrastructure investment, demand side management and dialogue with producing countries. This project will develop energy security indicators for all the major energy sources in order to identify the risk factors and quantify the EU exposure to volume and price risks in the short and long terms, including impacts of severe accidents and terrorist threats. Costs and benefits (both measurable and perceived) of energy security will be evaluated for different energy supply/demand scenarios to help policy makers providing the most appropriate institutional, political and industrial solutions. All major energy sources and technologies (oil, natural gas, coal, nuclear, renewables and electricity) will be addressed from upstream to downstream with both a global and sectoral analysis studying in depth issues such as technical, economic/regulatory and geopolitical risks. The analysis will also integrate demand as a key issue related to energy security. The SECURE project has both a strong quantitative and qualitative component and will at the end not only provide a comprehensive methodological and quantitative framework to measure energy security of supply, but it will also propose policy recommendations on how to improve energy security taking into account costs, benefits and risks of various policy choices.

Coordinator

OBSERVATOIRE MEDITERRANEEN DE L'ENERGIE

Address

Rue Des 3 Fontanot 103-105
92000 Nanterre

France

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 419 125

Administrative Contact

Pascal Ronchieri (Mr.)

Participants (14)

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FONDAZIONE ENI ENRICO MATTEI

Italy

EU Contribution

€ 591 848

RAMBOLL DANMARK A/S

Denmark

EU Contribution

€ 192 498

LIETUVOS ENERGETIKOS INSTITUTAS

Lithuania

EU Contribution

€ 53 870

FRAUNHOFER GESELLSCHAFT ZUR FOERDERUNG DER ANGEWANDTEN FORSCHUNG E.V.

Germany

EU Contribution

€ 57 466

JRC -JOINT RESEARCH CENTRE- EUROPEAN COMMISSION

Belgium

EU Contribution

€ 57 830

TECHNISCHE UNIVERSITAET DRESDEN

Germany

EU Contribution

€ 86 243

PAUL SCHERRER INSTITUT

Switzerland

EU Contribution

€ 314 798

RICERCA SUL SISTEMA ENERGETICO - RSE SPA

Italy

EU Contribution

€ 186 352

ENERGY RESEARCH INSTITUTE OF THE RUSSIAN ACADEMY OF SCIENCES

Russia

EU Contribution

€ 56 189

UNIVERSITY OF BATH

United Kingdom

EU Contribution

€ 100 450

GULF RESEARCH CENTER FOUNDATION

Switzerland

EU Contribution

€ 250 054

CENTRE FOR EUROPEAN POLICY STUDIES

Belgium

EU Contribution

€ 180 460

TECHNISCHE UNIVERSITAET WIEN

Austria

EU Contribution

€ 36 624

CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE CNRS

France

EU Contribution

€ 180 000

Project information

Grant agreement ID: 213744

Status

Closed project

  • Start date

    1 January 2008

  • End date

    31 December 2010

Funded under:

FP7-ENERGY

  • Overall budget:

    € 3 773 340

  • EU contribution

    € 2 763 807

Coordinated by:

OBSERVATOIRE MEDITERRANEEN DE L'ENERGIE

France

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