Micro and Macroeconomic Impact of the EU Energy Policy

Abstract

For several years, humanity has been going through a kaleidoscope of crises (global economic and financial, health, of the development model to be followed, geo-strategic, in terms of people's living standards and, last but not least, energetic) all categories of stakeholders being obliged to answer them as adequately as possible. Both those who are positioned at the level at which public policies are drawn up and implemented, the representatives of the economic and social environment but also those from the academic and scientific environment, need to identify both the systemic risks and the valuable opportunities that can be internalised, to conceive directions of action, and compose the set of mechanisms and tools with the help of which it is possible to act in a new logic of costefficiency type. The decision-makers at the level of the community bodies of the European Union, as well as those of the member countries of this integrationist grouping referential for the global economic picture, must decide on the preferred path for the future economic evolution, one centred on economic and social cohesion or one centered on competitiveness. Any of the two strategic alternatives cannot ignore the energy factor, a provocative one, dependent on several parameters and with very large amplitude driving effects on the entire European and international societal picture. The capacity of the European Union, faced with the more and more exciting set of challenges of different natures but also of various intensities, to maintain and the potency of the level of prosperity to which the current and future generations aspire, requires a deep retrospective on the nature of the economic growth model and the changes necessary to ensure the appropriate level of sustainability. In this context of high dynamism, with a fairly high degree of turbulence, researchers, in special those from de economic field, have the task of taking multilevel and multiparameter analysis of the new realities in today's society, identifying vulnerabilities and prescribing appropriate solutions, and it must also recommend the medication dosage that makes it possible to ensure the additional level of sustainability both at the macroeconomic and meso and microeconomic level. The issue related to the vital role of energy in all development models is not new on the specialised research agenda. What is new today is related to the scope of developments, the congruence between different processes and phenomena, and the set of new solutions that must be identified and substantiated argumentatively.