THE ENERGY SITUATION OF THE EU: CHALLENGES AND PERSPECTIVES

The paper addresses the energy situation of the EU, as well as elucidates some possibilities for overcoming the energy crisis that has gripped the whole of Europe. The study focuses on the assessment of the EU's energy efficiency strategy as well as the review of the EU's strategic priorities in overcoming the energy crisis. Thus, the paper aims at the evaluation of the dynamics of electricity consumption in the EU countries, as well as the elucidation of the share of renewable energy in each of the EU countries. At the same time, special attention was directed to elucidating the dynamics of greenhouse gas emissions at the EU level as well as its sources. Another side of the research was aimed at identifying the trend of the evolution of electricity prices in the EU states, but also the measures that were taken by the states in order to provide electricity. The research methodology focused on the use of the following methods: analysis, synthesis, induction, deduction, abduction, documentation, comparative analysis, scientific abstraction. In conclusion, we can note that the EU countries faced an unprecedented crisis, which disrupted the entire activity of the member states. The crisis changed the priorities, reshaped the electricity insurance systems, redefined the policies of the member states, a fact that allowed them to adapt quickly and identify solutions to overcome the crisis. Thus, we can note that increasing investments in alternative energy sources, concluding international agreements to increase energy efficiency, represent only a few solutions that can help member states overcome the EU's energy crisis.