Western experts claim that Russia’s energy embargo will reduce the climate crisis
According to an IRNA report on Saturday from the Yahoo News website; The European Commission, as the executive branch of the European Union, intends to present a plan on May 18 to increase the clean energy production target by 2030 from 40% of total energy production to 45%, which requires a 13% reduction in energy consumption in the 27 member states. In the current decade, it will be higher than the current 9%.
European energy and international climate policy experts; The move, which will only lead to a slight reduction in greenhouse gas emissions leading to climate change, is seen as part of a positive shift away from dependence on fossil fuels.
According to Anna Maria Jaler Makarovich, European Energy Analyst at the Institute for Energy Economics and Financial Analysis; This decision will be beneficial in the long run to reduce greenhouse gas emissions and reduce costs, the EU can not continue with this unstable market. The Ukraine war and the consequent rise in energy prices have shown Europe how volatile prices as well as gas supplies are.
“Despite Europe’s hopes of boosting clean energy production, it is also planning to replace Russian natural gas with liquefied natural gas, or LNG from the United States and the Middle East,” said Jaller Makarovich and other experts. However, higher carbon emissions from LNGs than conventional natural gas will reduce some of the climatic benefits of clean energy and improve efficiency due to energy consumption for liquefaction and transmission.
Reuters recently reported that Germany was having difficulty negotiating a deal to buy LNG from Qatar, as Doha demanded at least a 20-year commitment by Berlin to buy the product. Germany hopes to reduce greenhouse gas emissions by 88% by 2040 and cut short the need to import natural gas for energy and heating in the next 10 years.
European countries are working to increase their LNG gas import capacity in two ways: So that there is the ability to convert their future use from LNG to hydrogen. It takes two to five years to build an LNG import terminal, which is more than enough time to build new wind and solar power plants.
In addition to reducing greenhouse gas emissions and refraining from providing financial resources to Russia during the Ukraine war, the EU believes that the future plan comes at a time when oil and gas consumers around the world are paying unprecedented costs. Converting its energy sources will save consumers money on gas.
According to Bloomberg, the total annual amount will be 80 billion euros for gas, 12 billion euros for crude oil and 1.7 billion euros for coal.
Although the cost of wind and solar energy is increasingly more competitive with gas and cheaper than coal, some studies have shown that renewable energy standards, by forcing companies and power plants to invest in new facilities. Wind and solar will raise the price of energy they produce before the end of the life of current coal or gas power plants.
Most experts believe that reducing costs and other European measures, such as revising the licensing process for renewable energy, will actually lower the cost of the EU plan to boost renewable energy production than the cost of importing fossil fuels. The price is increasing.