The energy transition will not come cheaply How to manage the transition to a low-carbon future is central to today’s energy policy debate. From Germany to China, governments are struggling to reconcile their industrial demands with their environmental ambitions. Events of the past 18 months, including a marked shift in public awareness of the climate emergency, have underlined the need for action. For all the setting of emission reduction targets, policymakers are only just beginning to talk about the costs of the energy transition, and the fact that it will lead to losers as well as winners. Policymakers across the industrialised world need to get serious about the transition to a low-carbon economy. Experts may have worked out the costs of this shift, but it is now time for political leaders to engage with their citizens about the choices ahead and how they can be helped to adapt. It is not just the EU’s credibility that is on the line.
FT 17th Jan 2020 read more »