Publication:
Energizing Europe: Rising to the Challenge (Part 2)

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-02-29T17:07:13Z
dc.date.available2024-02-29T17:07:13Z
dc.date.issued2024-02-29
dc.description.abstractThis report focuses on the impact of the war in Ukraine on the energy sector in 2022 and early 2023 and Its implications at the macro and micro level in the EU. The EU is a net importer of energy and is highly dependent on fossil fuels. In 2021, almost 70 percent of the EU’s energy needs were met from fossil fuels, mostly imported from Russia. This has led to legitimate concerns on the security of energy supply andhas also made the EU susceptible to fluctuations in fossil fuel prices. Russia’s invasion of Ukraine in February 2022 led to disruptions in the supply of fossil fuels, especially natural gas, to the EU and a spiraling of energy prices. The macro level effects of the war in Ukraine as evidenced by higher inflation and tighter monetary policy as well as lower growth are relatively well-known but the impacts on firms and households have been very heterogenous with significant policy implications.en
dc.identifierhttp://documents.worldbank.org/curated/en/099022624103525741/P18028117b71690be1a761156962f72e426
dc.identifier.doi10.1596/41134
dc.identifier.urihttps://hdl.handle.net/10986/41134
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesEU Regular Economic Report; No.9
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subjectWAR IN UKRAINE
dc.subjectENERGY AND GROWTH
dc.subjectENERGY PRICES
dc.subjectENERGY EFFICIENCY
dc.subjectVULNERABLE GROUPS
dc.titleEnergizing Europeen
dc.title.subtitleRising to the Challenge (Part 2)en
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleEnergizing Europe: Rising to the Challenge (Part 2)
okr.date.disclosure2024-02-29
okr.date.doiregistration2025-04-07T08:39:11.637543Z
okr.date.doiregistration2025-04-08T16:19:00.196181Z
okr.date.doiregistration2025-04-09T02:50:38.951963Z
okr.date.lastmodified2024-02-29T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099022624103525741/P18028117b71690be1a761156962f72e426
okr.guid099022624103525741
okr.identifier.docmidP180281-7b716946-aee6-4cbe-a761-56962f72e426
okr.identifier.doihttps://doi.org/10.1596/41134
okr.identifier.externaldocumentum34266620
okr.identifier.internaldocumentum34266620
okr.identifier.report187948
okr.import.id3309
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099022624103525741/pdf/P18028117b71690be1a761156962f72e426.pdfen
okr.region.geographicalEurope
okr.sectorCentral Government (Central Agencies)
okr.themeInclusive Growth,Energy,Human Development and Gender,Data Development and Capacity Building,Economic Policy,Social Development and Protection,Economic Growth and Planning,Energy Policies & Reform,Environment and Natural Resource Management,Indigenous People and Ethnic Minorities,Labor Market Policy and Programs,Public Sector Management,Monetary and Credit Policies,Data production, accessibility and use,Spatial Growth,Social Inclusion,Macro-financial policies,Labor Market Institutions
okr.topicEnergy::Energy Demand
okr.topicEnergy::Energy Markets
okr.topicEnergy::Energy Production and Transportation
okr.topicEnergy::Energy Resources Development
okr.unitEFI-ECA-MTI-MacroFiscal-2 (EECM2)
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