Europe has set out on the path to achieve climate neutrality by 2050, and all countries must identify how to deliver this objective. While various technology options are available, the need for vast amounts of cheap renewable energy is certain. The shallow, windy northern seas have long been recognised as a key opportunity to deliver renewable electricity at scale and recent reductions in the costs of offshore wind have led countries to set ambitious targets for deployment.
The EU faces critical decisions on energy infrastructure planning and deployment to meet its climate goals, aiming for a 55% emissions reduction by 2030 and net-zero by 2050. A 100% renewable energy system, eliminating fossil fuels and nuclear energy is seen as the most viable solution. However, current EU energy infrastructure policy and planning are insufficient, risking lock-in to outdated technologies.
The choice at the US ballot box will be a stark one for climate policies. This paper explores how the EU and its member states could adjust their climate policies, depending on the outcome of the US election.
In order to advance the European energy transition and distribute the costs and benefits more fairly, the EU must find better steering instruments. This policy paper provides recommendations for the necessary acceleration of the European energy transition.
