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Searching for a substitute: Algeria and Venezuela as energy security alternatives for Europe?

This Extractivism Policy Brief 01/2024 shows:

• The Ukraine war forced a change in the EU energy strategy, creating, this way, a window of opportunity for different energy suppliers, such as Algeria and Venezuela.
• The EU faces a double challenge: finding short-term alternatives for gas and committing to a long-term “green deal”. This requires a fundamental change in the cooperation between the EU and its energy-supplying countries.
• Algeria has renewable potential but lacks technology and capital; an energy partnership with the EU could be profitable for both sides. Conversely, Venezuela’s political challenges limit its role as an international energy catalyst.
• The EU can become a catalyst for a just transition, but it should see the energy transition as a cooperative and global effort. European energy security should be linked to the development objectives of its energy partners. Failure risks reverting to colonial patterns of resource exploitation in the Global South.

 

http://dx.doi.org/doi:10.17170/kobra-202401269446

Download Extractivism Policy Brief 01/2024 (ENGLISH)

Download Extractivism Policy Brief 01/2024 (SPANISH)

Download Extractivism Policy Brief 01/2024 (FRENCH)

 

Author: Luíza Cerioli (Universität Kassel)