The macroeconomic effects of European shale gas production

December 5, 2013 | 00:00

The macroeconomic effects of European shale gas production

This study examines the impact that indigenous shale gas production could have on the energy markets and economies of the EU28 countries. Adopting a scenario approach ('No shale', 'Some shale' and 'Shale boom'), Pöyry has modelled the impact of different levels of shale gas production on wholesale prices, import dependency and the power generation mix for the period 2020 to 2050. Cambridge Econometrics has used the results to model the effects on job creation, GDP, industrial competitiveness and tax revenue. 

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