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Regulation and Investments in Energy Markets: Solutions for the Mediterranean
Mediterranean countries are facing unprecedented challenges in the energy sector which affect the entire region. Energy policy and regulation are key to tackling energy efficiency challenges, and providing favorable conditions for engineering infrastructures, invenstments, and improving security of energy supply.rnIn Chapter 1, Prelevic's contribution provides an overview of the possible regulatory instruments to attract investments in new electricity infrastructure project as well as recommendations for possible regulatory support options and investment incentives. This chapter tends to underline a regional approach as the key element of such a policy, and thus contains possible solutions for regulatory regime harmonization. According to the author, three main conclusion can be drawn: investments in the transmission network are necessary to create conditions for strengthening the single competitive Europen market for electricity; national regulators, when creating their tariff methodologies and market rules, need to follow the best European practice; and invenstment mechanisms on the interconnection capacity and lines of international relevance should be harmonized on a regional basis.rnIn Chapter 2, Vantaggiato investigates how the EC redefined its Euro-Mediterranean energy relations over time, focusing on how priorities emerged in the EU external energy policy. Through the analysis of the launch of the European Neighbourhood Policy (ENP) and failed endorsement of the Mediterranean Solar Plan (MSP) she observes that the EC moved Euro-Mediterranean regional energy cooperation from the EU's energy policy to its external relations" framework
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