Development of energy security in Finland and in the baltic states since 1991

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Abstract

Finland and the Baltic States are small countries with high demand for energy due to their cold climate and energy-intensive industry. Moreover, their economies and energy markets have undergone significant transformation since 1991 after the dissolution of the Soviet Union. The changes in the energy systems have also brought challenges regarding energy security. Energy security is a complex concept, comprising various technical, economical and environmental aspects. This paper analyses trends in self-sufficiency, carbon intensity and affordability in Finland and in the Baltic States since 1991. The Baltic systems have partially revived from the shocks in the early 1990s, but the 2020s will bring along much pressure for development and the associated energy security risks. The challenge will be in carrying out the required system development, e.g. decarbonisation and increasing self-sufficiency, while maintaining energy affordable.

Details

Original languageEnglish
Title of host publication16th International Conference on the European Energy Market, EEM 2019
Publication statusPublished - 1 Sep 2019
MoE publication typeA4 Article in a conference publication
EventInternational Conference on the European Energy Market - Faculty of Electrical Engineering, University of Ljubljana (UL) , Ljubljana, Slovenia
Duration: 18 Sep 201920 Sep 2019
Conference number: 16
https://www.eem19.eu/

Publication series

NameInternational Conference on the European Energy Market, EEM
Volume2019-September
ISSN (Print)2165-4077
ISSN (Electronic)2165-4093

Conference

ConferenceInternational Conference on the European Energy Market
Abbreviated titleEEM
CountrySlovenia
CityLjubljana
Period18/09/201920/09/2019
Internet address

    Research areas

  • Baltic States, energy security, Finland, system analysis

ID: 39762632