Climate policy tools to improve Europe’s energy security

What is it about?

Europe faced its worst energy crisis in 2022 due to Russia’s invasion of Ukraine. The continent’s heavy dependence on energy imports from a few suppliers had weakened its energy security over the years, leading to this crisis. Despite the government’s strong measures in response to the war, Europe still struggles with severe energy insecurity. This study explores how climate change policies can improve Europe’s energy security. The authors use a global economic model to show that these policies help the environment and make Europe less vulnerable to energy crises. The study suggests a mix of actions, like carbon pricing, energy efficiency regulations, and faster approval for renewable projects, to achieve these goals. It emphasizes that working together and investing in green energy can lead to a safer and more stable energy future for Europe.

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Photo by Federico Beccari on Unsplash

Photo by Federico Beccari on Unsplash

Why is it important?

With the 2022 energy crisis and global tensions, it is clear that reducing dependence on imported fossil fuels, using more renewable energy, and lowering greenhouse gas emissions can help the environment and economy. The study suggests a mix of policies and cooperation between countries to achieve these goals. This makes it a valuable guide for leaders, businesses, and the public, highlighting that climate actions can also lead to a more stable and secure energy future. KEY TAKEAWAY: Climate change policies can make Europe’s energy supply safer and more stable by reducing reliance on imported fossil fuels and increasing the use of renewable energy. This research relates to the following Sustainable Development Goals: •SDG 7 - Affordable and Clean Energy •SDG 13 - Climate Action •SDG 9 - Industry, Innovation, and Infrastructure •SDG 17 - Partnerships for the Goals •SDG 12 - Responsible Consumption and Production