IMF: Why climate action strengthens Euro • Table.Briefings

Europe was increasingly dependent on imports from fewer and fewer suppliers, which worsened energy security for decades, criticizes the IMF.

A report by the International Monetary Fund points out that Europe’s energy security had deteriorated long before Russia’s invasion of Ukraine. European climate policy has fundamentally changed this.

Higher CO2 prices, stricter energy efficiency regulations and accelerated approval procedures for renewable energies are improving Europe’s energy security. A new report by the International Monetary Fund (IMF) concludes that Europe’s commitment to climate action has had a positive impact on the continent’s energy independence.

IMF: Why climate action strengthens Europe’s energy security

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