Mentor: Amb. Artur LORKOWSKI
Focus of the Nest in 2022-2023: Energy price shock in the EU
European consumers already experienced the surge in gas prices provoked by Gazprom in late 2021. However, the energy price shock for the EU has become more radical since the Russian invasion. In Ukraine, the destruction of the war additionally caused a rupture in economic and social development.
In this environment, the EU identifies two groups of measures to stabilise the energy prices and limit dependency on Russian energy supplies: a redefined approach to the role of the energy markets and a more radical focus on decarbonisation. Accelerated Ukraine’s EU integration amid rebuilding and decarbonisation, if appropriately designed, could also ease energy price shock in the longer term.