Energy transition

The Inflation Reduction Act is seen as an expression of climate pragmatism by some and a Faustian bargain with the fossil fuel industry by others. What exactly is it?

Energy prices in Europe have soared to new highs since the autumn of 2021, with the Russian invasion of Ukraine amplifying the trend and bringing energy supply to the forefront of conversations regarding the mitigation of impacts of the war on Europe. This study, based on data from Germany and Spain, shows that whilst electricity prices rose, so did the profits of energy companies. These developments were exacerbated by the Russian war of aggression against Ukraine but are also symptomatic for wider issues within the European electricity market. Windfall profit taxation can help to soften the blow of high energy prices, but we also need longer term restructuring of the market mechanisms, argues Suzana Carp.

A new report by the Heinrich-Böll-Stiftung European Union and Environmental Action Germany (DUH) finds that current EU energy supply policies run the risk of prolonging dependence on fossil gas rather than decisively moving towards alternatives, particularly in the heating sector.

Climate activists around the world are calling for an embargo on fossil fuels from Russia, because its profits are funding Russia's war of aggression against Ukraine. Climate policy expert Svitlana Romanko launched an ambitious campaign right after Russia's invasion began on 24 February 2022.

In the midst of a cruel war and an unfolding climate crisis, Europe has to answer a crucial question: how do we cut our energy ties with Russia, while at the same time accelerating our transition towards energy efficiency and a renewable energy system? Commentary by Green MEP Bas Eickhout.

What longer-term, environmentally sustainable measures can the Czech Republic introduce to break its dependence on Russian gas while ensuring that no one is left behind?

The consequences of the war in Ukraine are palpable even in Bratislava, over a thousand kilometres from the border. Ukrainian is heard more often on the streets, cars with Ukrainian number plates are appearing on the roads, the windows of shops and apartments are festooned with Ukrainian flags, and the city is alive with marches and initiatives in support of Ukraine. The only thing that has remained unaffected is the flow of oil and gas from Russia to Slovakia, and our payments for it.

As Germany moves away from Russian energy imports, new dependencies on fossil energies must be avoided. The potential alternative from energy-saving, renewables and European cooperation offers excellent opportunities in the short, medium and long terms. But this will require new, green energy partnerships built on a new foundation of values.

The ongoing suffering of the civilian population in Ukraine has led to calls for the EU, or individual Member States, to stop imports of Russian gas. The economic consequences of such a step would be very severe in the short run. But there is another way, more gradual, which would minimise economic disruptions. The EU should simply impose a special import tariff on Russian gas. Repost courtesy of EUIdeas.