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Tuesday, 17th February 2015

TTIP Impacts on European Energy Markets and Manufacturing Industries

Source: Directorate-General for Internal Policies (EU)

From Executive Summary:

The lack of transparency in the negotiations in combination with the uncertainties regarding the projected outcomes results in a large information gap surrounding the impacts of the TTIP. Therefore, the main purpose of this report is to fill this gap, in areas particularly relevant for the ITRE [Industry, Research and Energy] committee. This is done through a literature review, expert knowledge and interviews. The general questions we aim to answer are:

• What would the impact be of the TTIP on trade and competitiveness of the EU?
• Would it affect security of energy supply, internal markets and policy, or renewable energy sectors?
• What would the impact be on the labour market and on innovation in the manufacturing industries?

The EU is extremely dependent on imported fossil fuels and energy security has once more become an important topic, as a result of the developments of the Russia-Ukraine crisis. Both crude oil and natural gas are imported in large quantities, which have a negative impact on the trade balance. Currently, the only energy sources traded in significant amounts between the EU and the US are solid fuels and refined petroleum products. There are no tariffs applied on EU energy imports. The US has during the latest decade become more reliant on domestic energy supply, mainly due to the “shale-gas revolution”. Through technology developments in horizontal drilling and hydraulic fracking the country has been able to access its vast reserves of unconventional gas. The EC has repeatedly called for the inclusion of a chapter on energy and raw materials in the TTIP, with the purpose of gaining access to US crude oil and natural gas resources. These are currently restricted due to export bans. US officials have remained non-committal on this topic, claiming they are not sure what the EU wishes to achieve.

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

More articles by Adrian Janes »



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