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SUMMARY:Aligning decarbonisation with energy security: the case of REPowerEU
DESCRIPTION:As a policy objective\, mitigating climate change needs to be reconciled with ensuring energy security. While decarbonisation is often beneficial to energy security\, the opposite is not true: certain energy security strategies may result in increasing rather than decreasing emissions. In this paper we explore the empirical evidence on the effect of this alignment on accelerating the progress towards climate targets. \nWe focus on the REPowerEU plan proposed in 2022 by the European Commission to reduce the European Union’s (EU) dependence on fossil fuel imports from Russia. We show that REPowerEU aimed to achieve energy security objectives without compromising the EU’s climate goals and that it set unprecedented renewables targets radically departing from past incremental policies. We demonstrate that replicating such targets beyond the EU would be in line with 2°C-compatible pathways. \nWe show that this remarkable alignment of climate and energy security policies has resulted from high-level commitment to climate neutrality established prior to the security shock of 2022. We also stress the key role of growing institutional capacities and emerging technological opportunities\, arguing that the energy security crisis did not create these capacities and opportunities\, but rather enabled their translation into specific policies. \nFinally\, we assess the challenges for achieving the REPowerEU targets by comparing them with forecasts\, historical trends\, and historical analogies. We argue that though the REPowerEU targets are unprecedented in the history of renewables they are not infeasible in light of the growth of nuclear power in the 1970s-80s\, which was triggered by another energy security crisis. At the same time\, achieving REPowerEU targets would require vastly different political strategies than those used 40-50 years ago given the nature of socio-technical and political barriers currently faced by renewables.
URL:https://whatworksclimate.solutions/presentation/aligning-decarbonisation-with-energy-security-the-case-of-repowereu/
LOCATION:H 0104 (Elinor Ostrom Hall)
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