Mit dem Ausbau erneuerbarer Energien lässt sich der CO2-Ausstoß deutlich senken. Allerdings werden Erneuerbare Energien in der EU teils unkoordiniert und ineffizient gefördert, in Deutschland durch die EEG-Umlage.
Synthetic fuels produced from green electricity can make a major contribution to reducing greenhouse gas emissions around the world. Liquid energy carriers produced from renewably generated electricity can be used in combustion engines without impacting the climate.
At EU level, new proposed legislation for a clean-energy policy is being adopted. New policies are currently being discussed regarding the increased reduction of CO2 emissions, as well as EU-wide energy consumption targets for the year 2030 and national energy efficiency targets and measures to be derived from them. But what happens when the proposed objectives contradict and undermine each other?
Increasingly stringent energy consumption targets for the year 2030 flanked by national energy efficiency targets are about to being agreed at the EU level. A study by the German Economic Institute (IW) shows that these targets when applied to ETS-sectors, conflict with the overall aim of a cost-efficient decarbonization.
Today, the EU Commission presented new guidelines and proposals for the European energy policy. With regard to the energy market design, the proposed package offers some welcome visions. They have the potential to indeed overcome the fragmented and somewhat inefficient state of national energy policies, including in Germany.
The election of Donald Trump as the next US president puts the international progress on global climate protection in danger. Trump already announced his plans to withdraw the US’ support and acceptance of the Paris Agreement. Thus, one of the largest emitters of CO2 would no longer be part of the fight against climate change. For companies producing in Europe, with its climate protection requirements this would lead to competitive disadvantages.
Interview with Hubertus Bardt, Head of the Research Division at the Cologne Institute for Economic Research
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