Edition: International | Greek
MENU

Home » Europe

The Ukraine war: A hidden opportunity for the EU Green Deal

Russia’s war on Ukraine, while devastating in terms of its humanitarian and economic impact, could have ‘positive’ collateral effects on the European Green Deal

By: EBR - Posted: Thursday, March 31, 2022

Eurostat figures for 2020 found that the EU relies on Russia for 43.6% of its gas and 48.4% of its oil supply, making it difficult for the EU to toughen its stance by imposing an embargo on energy imports.
Eurostat figures for 2020 found that the EU relies on Russia for 43.6% of its gas and 48.4% of its oil supply, making it difficult for the EU to toughen its stance by imposing an embargo on energy imports.

by Nelly Moussu

Russia’s war on Ukraine, while devastating in terms of its humanitarian and economic impact, could have ‘positive’ collateral effects on the European Green Deal. EURACTIV France reports.

Some only dare mention it half-heartedly, mindful of the unfolding human tragedy, but the war in Ukraine could eventually turn out to be an opportunity for the planet.

It would not be the first time that an international crisis has had beneficial side effects for the planet: The COVID-19 pandemic resulted in a 7% global reduction in greenhouse gas emissions the year the virus broke out in 2020, the French scientific research centre CNRS reported.

The EU’s climate policy – the product of lengthy negotiations to find a consensus on carbon neutrality by 2050 and the reduction of carbon emissions by 55% by 2030 – could indirectly benefit from the current war in Ukraine.

The immediate task of weaning Europe off Russian energy has accelerated decision-making and reshuffled the deck when it comes to addressing climate targets.

Eurostat figures for 2020 found that the EU relies on Russia for 43.6% of its gas and 48.4% of its oil supply, making it difficult for the EU to toughen its stance by imposing an immediate embargo on energy imports, and causing the bloc to look for alternative solutions.

While Yannick Jadot, the Green candidate in the French presidential race, has called for Total Energies to cease all activities on Russian soil, professor Thierry Bros of Science-Po Paris, warned that “as long as there is no embargo, these companies will be obliged to honour their contracts”.

Interests in nuclear

There is nothing illegal about companies staying in Russia. For EU countries, that is also a necessity, at least until deals with other energy-supplying countries are struck, and possibly even after that.

While reactivating coal plants or importing liquefied natural gas (LNG) from the US or Nigeria would allow Europe to meet some of its energy demand in the short term, the European Green Deal could in turn suffer.

But Europe also has some nuclear partnerships with Russia, representing decarbonised energy, Caroline Mini, senior project manager at La Fabrique think tank, told EURACTIV.

“There are joint developments that have been agreed between EDF and Rosatom on fuel fabrication,” Mini said.

“We need to see the world as a whole. It’s not just ‘let’s put sanctions and then see what happens’. There are also consequences on industry and on the respect of our climate commitments”, she added.

An opportunity for renewables

While it is too early to see the full consequences of the Ukraine war on the EU’s energy landscape, some view the moment as a lever for increased development of renewable resources in Europe.

It is possible that calls to boycott energy companies operating in Russia might encourage individuals to switch from their traditional suppliers to renewable ones, as well as to abandon their internal combustion vehicles in favour of electric ones.

At the EU level, there is a desire to accelerate this shift.

“It is time to tackle our vulnerabilities and quickly become more independent in our energy choices. Let’s move into renewables at lightning speed,” Frans Timmermans, the EU’s climate chief and leader of the Commission’s work on the Green Deal, said at the presentation of the REPowerEU plan on 8 March.

This was reiterated shortly afterwards by the Commission, which called on the European Parliament and EU countries to consider “higher or earlier targets for renewable energy and energy efficiency” in response to the changing geopolitical situation on 17 March.

“The only thing that individuals can do is to turn down their thermostat by one degree,” professor Bros said, adding that “if this war gives us the opportunity to be a little more sober, why not?”

*first published in: www.euractiv.com

READ ALSO

EU Actually

Von der Leyen wants an astronomical EU budget of 2 trillion euros

N. Peter KramerBy: N. Peter Kramer

The European Commission led by its president, Ursula von der Leyen, has once again shown its complete indifference to the economic situation in the EU member states

Europe

Europe’s 2040 climate target isn’t just for environmentalists

Europe’s 2040 climate target isn’t just for environmentalists

Europe can’t decarbonise the world on its own. But it must develop policies that work so that other nations can copy and adapt them

Business

To save the Single Market, bring back Delors’ 1992 playbook

To save the Single Market, bring back Delors’ 1992 playbook

Most people familiar with EU affairs know the single market is a myth. Hailed as the bedrock of the European Union, it was never completed and is now crumbling.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron