The targets of the European Green Deal require a substantial reduction of oil and gas imports even before 2030. However, institutions and policy instruments which would enable the EU to implement their targets are still weak. The planned ETS for road transport and buildings will be likely implemented with a price cap; so far, the EU has not been able to coordinate the purchases of member states at the international oil and gas market; the diversification of gas and oil imports remains a high priority. The panel discussed strategic options for EU's climate policy and energy security.
Roundtable discussion with Veronika Grimm (Friedrich-Alexander-Universität Erlangen-Nürnberg), Philippe Martin (Sciences Po, French Council of Economic Analysis and CEPR) and Georg Zachmann (Bruegel). The roundtable and Q&A session with the audience was moderated by Ottmar Edenhofer (Potsdam Institute for Climate Impact Research, Mercator Research Institute on Global Common and Climate Change, and CEPR)