The Energy Union: A New Policy Paradigm or a Revived Focus on Old Priorities? A Journey across the Internal and External Implications of Its Five Dimensions - European Investment Law and Arbitration Review View The Energy Union: A New Policy Paradigm or a Revived Focus on Old Priorities? A Journey across the Internal and External Implications of Its Five Dimensions by - European Investment Law and Arbitration Review The Energy Union: A New Policy Paradigm or a Revived Focus on Old Priorities? A Journey across the Internal and External Implications of Its Five Dimensions 2 1

The Energy Union represents an important initiative that can contribute to revitalising the economic and political integration within Europe. This article examines the rationale leading to the Energy Union Strategy in 2015 and provides an overview of the progress made since then. In particular, it illustrates the main legislative proposals adopted as a result of the strategy and it elaborates on how those contribute to the development of a secure, sustainable, and competitive energy system in Europe. At the same time, the Energy Union is not intended to be simply an inward-looking project, as it equally entails significant actions at international level related to the EU energy and climate agenda. In this context, the authors elaborate on the impacts that the Energy Union is having on existing and future cooperation with the EU’S partners. The article concludes on the way forward on the implementation of the Energy Union and on the remaining challenges towards its transformation into a new policy paradigm.

European Investment Law and Arbitration Review