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Unformatted text preview: rom China and India started to influence the increase in oil prices from
2000 onwards. The EU’s dependency on the import of oil and gas
increased as a result of the decline in production and reserves mostly in the
eastern part of Europe (mainly gas dependence on Russia). Special
attention was given to Russia’s political role as a powerful energy provider.
There have also been other geopolitical changes such as the World Trade
Center, the War in Iraq, the Middle-East conflicts, etc., which had an
important role in the energy policy changes that occurred. The EU became
very aware of climate policy, mainly when the US abandoned the Kyoto
Protocol and the EU took the opportunity to become the world leader in
climate issues. The EU is also following the negotiations within the World
Trade Organization (WTO). At the same time, the view that global warming
is also a consequence of the actions of Europe became popular. New
industrial political interests linked to renewable energy technologies are
becoming more and more developed. The 27 member states of the EU...
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- Summer '14