Overcoming energy dependence

Publication date:
05/2015
Author:
Francis Ghilès
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Total primary energy dependence for the European Union stands at roughly half of its member’s needs – a figure which has not changed over the past decade. The EU’s negative trade balance in energy increased from 2.1% of GDP in 2009 to 3.1% in 2013, despite a decline in total energy consumption since the 2008 crisis and the rapid development of domestic renewable energy sources which has boosted their share in energy consumption from 8% to 11%.