Prospects for a European Energy Union

Abstract

This chapter provides a comprehension of the European Energy Union (“EEU”) for the promotion of a modern, competitive, and climate-neutral economy. Understanding the EEU as a unified energy policy warranting accessible, affordable, secure, and sustainable energy, this chapter delves into the internal and external dimensions necessary to establish a truly cohesive and coherent EEU—taking into account recent initiatives to buttress the EEU and global events such as the ongoing Russia-Ukraine conflict of 2022. After analysing both the advantages and disadvantages of the EEU, this chapter extrapolates the concept of the EEU to the Association of Southeast Asian Nations (“ASEAN”) region and explores the possibility as well as feasibility of an energy union in ASEAN. This chapter finally concludes that the cohesive European blueprint has ushered a new era of green growth in Europe, mitigating climate change and revitalising Europe’s energy security, despite the EEU’s drawbacks.