The recent economic sanctions against Russia can jeopardise the sustainability of European Union’s (EU) energy supply. Despite EU’s strong commitment to stringent abatement targets, fossil fuels still play a significant role in EU policy. Furthermore, high dependency on Russian supplies underlines vulnerability security. Using global computable general equilibrium model, we prove that current e...

This research refines computable general equilibrium (CGE) modeling for estimating business interruption losses from utilities lifeline disruptions and for estimating the reduction of losses (benefits) from mitigation. The behavioral content of CGE production functions is shown to be able to embody the adaptive behavior of lifeline utility service demand in particular and business operations in...