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Energy Economics

Edited By Abdulkadir Develi and Selahattin Kaynak

Energy resources, the basic input in every area of the economy, have a fundamental function for society’s welfare. Traditional energy resources are, however, rapidly decreasing. Energy supply has been falling behind in meeting global demand, and is causing increased focus on efficiency and economy concepts in recent energy policies. Since the existing energy resources are not spread evenly among the countries, but instead are concentrated in certain regions and countries, a monopolistic situation arises. Equally, supply assurance is an issue, since the energy supply is held by certain regions and countries who have monopolistic pricing power. Both the EU and many other countries are studying how to marketize energy. This book focuses on the importance of energy and the problems posed by it. It will be useful for the academic community, related sectors and decision makers.


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Energy, being a very important part of human life, demonstrates its economic and political importance on a daily basis in countries’ domestic and foreign poli- cies. Energy plays an important role in shaping energy-based foreign policy in the West. The energy consumption of the EU, the world’s largest energy con- sumer, continues to trend upwards. The last Ukrainian crisis forced the EU to search for new energy supplies. Alternative types of energy to replace Russia and the use of renewable energy resources are top issues of EU energy policies. Added to which, energy governance with limited resources is becoming increasingly im- portant, both for the EU and the rest of the World. Turkey acts as a transit country amidst these energy struggles, and is in the process of negotiating to join the EU. This position encourages both Turkey-EU cooperation and further integration. 2012 Ankara / Turkey Dr. Abdulkadir Develi Dr. Selahattin Kaynak

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