Alessandro Rubino is Assistant Professor in Economics at Jonian Department of Law, Economics and Environment at the University of Bari Aldo Moro. Alessandro has worked extensively on energy market integration in the Mediterranean region focussing its work and research on investment under uncertainty in energy infrastructures. He has worked as Senior Manager for international consultancy services and National regulatory authorities for gas and electricity markets. Alessandro holds a PhD in economics from Siena University and is currently member of the editorial board of the Journal Energy Sources, Part B: Economics, Planning and Policy.Dr. Ilhan Öztürk is Professor of Economics at Cag University, Mersin, Turkey, where he is also the Director of the Higher Vocational School. His research interests include energy economics and international economics. He has published more than 155papers in international journals such as Energy Economics, Energy Policy, Applied Energy, Renewable and Sustainable Energy Reviews, Ecological Indicators, Energy and etc. and participated in many international conferences. He has been invited as a Keynote Speaker in several international conferences. He is the editor of IJEEP and IJEFI and he has been member of editorial board in many international journals.Veronica Lenzi holds a Ph.D. in Political Systems and Institutional Change from the IMT Institute for Advanced Studies of Lucca, Italy. Her research interests concern geopolitics of energy, structure and administrative reforms of regulatory authorities and international economy of energy.Maria Teresa Costa Campi is a Doctor of Economic Science and Professor of Economics at the University of Barcelona (UB). Currently she is Director of the Chair of Energy Sustainability at the University of Barcelona, a post held since 2012, and has been General Coordinator of the FUNSEAM project since 2013.

She has been President of the National Energy Commission (2005-2011), President of the Association of Energy Regulators (2005-2012), President of the Iberian Electricity Market (MIBEL) (2006-2007), Vice President of MEDREG (2010-2011)

Foreword

Introduction / Conclusions - The Editorial team (MT Costa Campi; A Rubino, V. Lenzi, I. Ozturk)

1 - The Regulatory Framework of Energy Community in South East Europe. Consideration on the Transferability of the Concept - Branislav Prelevic

2 - Euro-Mediterranean energy relations- Francesca Vantaggiato

3 - Renewable Energy in the Southern and Eastern Mediterranean: Current Trends and Future Developments - Simone Tagliapietra

4 - Scaling-up renewable energy deployment in North Africa - Georgeta Vidican

5 - The renewable energy targets of the MENA countries: Objectives, achievability and relevance for the Mediterranean Energy collaboration - Bernhard Brand

6 - Towards a New Euro-Mediterranean Energy Roadmap: Setting the Key Milestones - Manfred Hafner & Simone Tagliapietra

7 - Towards a Mediterranean Energy Community: No roadmap without a narrative - Gonzalo Escribano

Challenge of Market-Based Regulation

8 - EU pressures and Institutions for future Mediterranean Energy Markets: evidence from a perception survey - Carlo Cambini & Alessandro Rubino

9 - Analysis of future common strategies between the South and East Mediterranean area and the EU in the energy sector - Pantelis Capros, Panagiotis Fragkos & Nikos Kouvaritakis

10 - Benefits from market coupling in terms of social welfare - Pedro Mejía Gómez

11 - Power Market Structure and Renewable Energy Deployment Experiences from the MENA Region - Emma Åberg, Nurzat Myrsalieva & Tareq Emtairah

12 - Northern Perspective: Developing Markets round the Baltic Sea - Riku Huttunen

Investment for grids and generation projects

13 - Private participation in energy infrastructure in MENA countries. A global perspective Ernesto Somma, Alessandro Rubino

14 - Investment and regulation in MENA countries: the impact of Regulatory Independence - Abrardi Laura, Cambini Carlo, Rondi Laura

15 - Financing Mediterranean Electricity Infrastructure: Challenges and Opportunities for an Interconnected Mediterranean Grid - Houda Ben Jannet Allal & Matteo Urbani

16 - New regional and international developments to boost the Euro-Mediterranean energy sector - Ernesto Bonafé

17 - What financial markets want - Alberto Ponti

Regulation & Investments in Energy Markets: Solutions for the Mediterranean presents the status of advancement and maturity of the Mediterranean energy policy, identifying patterns of development as well as lessons learned.

Mediterranean countries are facing unprecedented challenges in the energy sector which affect the entire region. Energy policy and regulation is the key to tackling energy efficiency challenges, and providing favorable conditions for engineering infrastructures, investments, and improving security of energy supply.

The assumption that the normative model, on which the EC energy policy is based, could be adopted outside EU boundaries has proven to be difficult to implement. This book looks at the Mediterranean regions search for a revised model for regulatory convergence and provides answers to those research questions, allowing the reader to understand the different technical, institutional, and financial frameworks for energy policy.