2024
Macaren Larrea Basterra, Arkaitz Badajoz López
https://doi.org/10.18543/VVFX5645
Basque Institute of Competitiveness - Deusto Foundation
Abstract
Energy crises can have essential repercussions in various areas, such as society, the economy, national security and the environment. Shortages of energy resources can lead to higher
prices and increased competition for energy resources, which can negatively affect economic growth and business competitiveness. In addition, an energy crisis can also lead to outages in
the supply of electricity or other energy sources and interruptions in essential services, which can harm national security and the population's well-being. Similarly, higher energy prices,
such as gas in this case, can result in higher coal consumption with a corresponding impact on GHG emissions. This report develops a framework for analyzing the socioeconomic impact of
an energy crisis based on a review of the literature on the subject. This framework is then applied further to explore the effects of the recent energy crisis in Spain.
