Headline: RIFS Blog November 2022

We like to think of Germany as a trailblazer in the transition to a sustainable energy system. But the energy crises unleashed by Russia’s invasion of Ukraine have highlighted the shortcomings in Germany’s energy policy. The truth is that when it comes to the energy transition, successive governments have dragged their heels and wasted precious time. Undaunted by this, many towns and villages have taken things into their own hands and created carbon-neutral energy and heating systems that power their communities and more.

The transition to renewable energy in Europe has evolved dynamically since the turn of the century. The share of renewable energy in the European Union more than doubled between 2004 and 2022. Nevertheless, renewable energy represents only 22 percent of overall energy consumption and 37 percent of electricity generation in the EU. In other words, Europe still has a long way to go, even when it comes to the relatively easy task of converting its electricity production to renewables.

Just Energy Transition Partnerships represent a novel approach to financing the energy transitions in emerging economies. Spurred by the announcement of the Just Energy Transition Partnership with South Africa at COP26, a host of other countries have since expressed interest in their own JETPs. Nonetheless, while COP27 may witness the announcement of several new JETPs, these partnerships will likely vary in scope, size, and ambition. This is especially true for “just transition” policies, which have real-world consequences for the inhabitants of recipient nations.