Challenges and opportunities for European energy policy and sustainable transformations in the aftermath of Russia’s military intervention in Ukraine

Panda, Saroj Kumar

doi:10.1007/s10668-024-04863-4

Environ Dev Sustain

2024

DOI: 10.1007/s10668-024-04863-4

|View full text |Cite

Challenges and opportunities for European energy policy and sustainable transformations in the aftermath of Russia’s military intervention in Ukraine

Saroj Kumar Panda

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 12 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Financial performance of EU-27 fossil fuel companies and their counterparts after imposing energy sanctions on Russia: A comparative analysis

Nguyen,

Khominich

2024

RUJEC

View full text Add to dashboard Cite

The conflict between Russia and Ukraine, along with the imposition of energy sanctions on Russian energy sources, has prompted a reassessment of the global energy market. Utilizing the difference in differences model, this study investigates the financial performance disparities among fossil fuel companies operating within the EU-27 bloc, Russia, and countries such as the United States, the United Kingdom, Qatar, Norway, India, China, UAE, and Saudi Arabia (countries that have benefitted from exporting fossil energy to the EU-27 as an alternative to Russia) during the period spanning from 2016 to 2023. The result reveals that fossil fuel companies from the United States, the United Kingdom, Qatar, Norway, India, China, UAE, and Saudi Arabia experienced significant advantages from substituting Russia in supplying oil, natural gas, and LNG to the EU-27. This is evidenced by a notable enhancement in their financial performance compared to both Russian and EU-27-based fossil fuel companies. For fossil fuel companies, the study highlights the urgency of diversifying export and import markets, broadening partnerships for fossil fuel trading and refining, transitioning to the production of lower-emission energy forms, and enhancing sustainable development practices to mitigate risks. At the national level, the research results indicate that countries reliant on imported fossil energy, akin to most countries within the EU-27, must swiftly diversify their energy sources and focus on developing renewable energy. This strategy is crucial to avoid unexpected shocks in the energy market in the era of geopolitical conflicts and uncertainty.

show abstract

Financial performance of EU-27 fossil fuel companies and their counterparts after imposing energy sanctions on Russia: A comparative analysis

Nguyen,

Khominich

2024

RUJEC

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Challenges and opportunities for European energy policy and sustainable transformations in the aftermath of Russia’s military intervention in Ukraine

Cited by 1 publication

References 12 publications

Financial performance of EU-27 fossil fuel companies and their counterparts after imposing energy sanctions on Russia: A comparative analysis

Financial performance of EU-27 fossil fuel companies and their counterparts after imposing energy sanctions on Russia: A comparative analysis

Contact Info

Product

Resources

About