With volatility and uncertainty set to define global energy markets in the coming decade, well-designed energy policies will ensure that EU achieves the energy security it desires. How can this be achieved? And is it possible to effectively pursue energy security whilst taking into account environmental concerns – notably those related to climate change?
Renewable energy (or ‘renewables’) has shot up the list of priorities of national energy policies over the last decade. Renewables can help reduce the world’s dependence on climate-damaging, CO2-emitting fossil fuels - which currently meet around four-fifths of the world’s energy needs - and can also contribute to security of supply by helping to diversify energy sources.
Yet despite these potential benefits, it is hard to identify a geopolitically significant ‘renewables’ dimension to global security or energy politics - at least to date. This does not, however, mean that international approaches to foster their development are to be excluded. As this brief proves, quite the contrary.