SECURE (Security of Energy Considering its Uncertainty, Risk and Economic implications) is a research project funded by the European Commission under the Seventh Framework Programme with the aim of building a comprehensive framework that covers the issues related to security of supply inside and outside the EU. The project, which started in January 2008 and finished in December 2010, was carried out by a consortium of 15 partners, with a diversified expertise. Observatoire Méditerranéen de l’Energie (France) was the project coordinator. Scientific Coordinator was Fondazione Eni Enrico Mattei (Italy).
All major energy sources and technologies (oil, natural gas, coal, nuclear, renewable sources and electricity) have been addressed from upstream to downstream with both a global and sectoral analysis studying issues such as technical, economic/regulatory, geopolitical risks and demand issues related to energy security.
SECURE has a strong quantitative and qualitative component, provides a comprehensive framework to evaluate energy security of supply, and puts forward policy recommendations on how to improve energy security taking into account costs, benefits and risks of various policy choices.
Stakeholders’ consultation has been an important element of the SECURE project. Several workshops have been organized both in Europe and in the main energy supplying regions for Europe (Russia, North Africa and Persian/Arabic Gulf) in order to discuss and test draft project results.
There is no easy fix for ensuring long term as well as short term security of supply in the EU. Ensuring and improving security of supply is thus a combination of a number of policies and recommendations. Security of supply should be addressed only within a wider, consistent approach that integrates the other two fundamental pillars of the EU energy policy: sustainability and competitiveness. “Smart” energy policies must combine these three dimensions without nevertheless neglecting the international relations context. This seminar summarises the main results achieved and the main recommendations put forward by project partners at the end of their three years of joint research activities on these challenging issues.

This seminar has been jointly organized by FEEM and IEFE, Bocconi University.