Accelerating clear vitality avoids fossil lock-in
As organisations, we stand with the folks of Ukraine of their struggling and defence in opposition to the mindless aggression by the Russian authorities. Its determination to invade Ukraine places into sharp distinction the deep entanglement between vitality, safety and geopolitics. Now greater than ever, the European Union wants unity and resolve in its response and a concentrate on resilience within the face of interlinking crises.
This briefing identifies the indispensable function clear vitality options play in quickly ending the EU’s reliance on fossil fuel imports from Russia.
Key findings:
- Clear vitality and vitality effectivity can change two-thirds of Russian fuel imports by 2025. Russian fuel imports will be lower by 66% by delivering the EU’s Match for 55 bundle and accelerating the deployment of renewable electrical energy, vitality effectivity and electrification. That is equal to a discount of 101 billion cubic meters (bcm). An pressing uplift in coverage is now required to realize the required degree of implementation.
- New fuel import infrastructure shouldn’t be required. Security of provide and discount of Russian fuel dependence doesn’t require the development of recent EU fuel import infrastructure reminiscent of LNG terminals. Alternatively sourcing 51 bcm of fuel imports by way of current property is enough.
- Coal energy doesn’t should be prolonged. The above measures would allow the EU to obtain the required lower in fossil fuel demand with out slowing the decline of coal-fired electrical energy technology.
Key coverage suggestions:
- Coverage: Make investments in vitality effectivity an vitality safety precedence and enhance the ambition of and quick observe key renewable vitality and effectivity coverage within the EU “Match for 55” bundle2. Establish latent discount potential that may be quick tracked consistent with local weather targets, particularly in industrial finish use of fuel, inefficiencies in fuel use (transformation losses, methane leakage), and thru electrification of end-uses.
- Help: Help the roll out of renewables and electrification with funding programmes, administrative streamlining and a greater marketplace for demand aspect flexibility in addition to long-term contracts. Make clear monetary sources out there to wash vitality options below REPowerEU. Be sure that restoration funding allotted for clear vitality is used to that impact.
- Capability: Put in place capability to observe and reply to low carbon provide chain dangers and scale expert workforce. Put in place European Fee capability for a complete economic system strategy to driving and monitoring progress. Guarantee fairness within the vitality response.
Counterproductive insurance policies must be recognized and tackled. Incentives that at the moment deepen or perpetuate fuel consumption should be changed with funding assist for clear heating. It’s of paramount significance to keep away from infrastructure or contractual fuel lock-in, because the “substitution” impact is predicted to say no sharply publish 2025.
Obtain the briefing right here:
EU can cease Russian fuel imports by 2025