Pivot to wind and solar power during Ukraine war has saved the EU €11bn, new research shows
New research shows that it's not just the climate that benefits from the green energy transition.
Record growth in renewable energy helped the EU avoid billions of euros in gas costs during the Ukraine war, according to a new study.
Research by think tanks E3G and Ember showed that record-breaking wind and solar production meant the European Union (EU) averted €11 billion in extra gas costs since the Russian invasion began in February.
“Wind and solar are already helping European citizens,” says Dr Chris Rosslowe, senior analyst at Ember, an independent energy think tank. “But the future potential is even greater.”
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A quarter of the EU's electricity was generated by wind and solar from March to September - its highest-ever level, according to the report. But the bloc still spent an estimated €82 billion on fossil gas during this period, which supplied 20% of its electricity.
It also found that nineteen EU member states hit wind and solar records, including France (14%), Italy (20%), Poland (17%) and Spain (35%).
This growth in renewables meant more than eight billion cubic metres of gas was saved.
The UK consumed nearly 77 billion cubic metres of natural gas in 2021, up from 73 the previous year, to put this into perspective.
According to Dr Rosslowe, wind and solar energy lessened the impact of the Ukraine war by reducing Europe's dependency on high cost gas imports currently fuelling inflation.
"Surging renewable electricity has helped protect Europe from an even worse energy crisis following Russia's invasion of Ukraine," he said.
Skyrocketing gas prices have fuelled record-breaking inflation this year, sparking a cost of living crisis across Europe and pushing other parts of the world to the brink of famine.
Inflation in the Euro area topped 10% in September, according to the EU statistical office.
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EU decisions led to reliance on fossil fuelsDr Rosslowe says that past policy choices had increased the EU's reliance on gas and held back renewable energies.
The report "brings into focus a lost decade in Europe," he says. "False confidence was placed in gas as a reliable bridge fuel, while it is clear now that a stronger drive for renewable energy would have made Europe significantly less vulnerable to energy blackmail."
"EU leaders must keep this lesson in mind," he adds.
European leaders accuse Russia of weaponising energy exports following its invasion, particularly after the Nord Stream 1 gas pipeline was halted in September. Moscow denies this.
EU energy imports from Russia since the start of the invasion topped €100 billion in September, according to the Centre for Research on Energy and Clean Air.
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A big lift in ambition is neededE3G, the climate think-tank which partnered with Ember for the research, said Europe needs to reduce its costly exposure to gas prices by doubling down on Brussel's RePowerEU initiative, a plan to wean the EU off fossil fuels.
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