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Europe > Latvia, Republic of

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Conservation of the environment x
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Cover IMF Working Papers
Climate Change and Energy Security: The Dilemma or Opportunity of the Century?
Mr. Serhan Cevik
This paper investigates the connection between climate change and energy security in Europe and provides empirical evidence that these issues are the two faces of the same coin. Using a panel of 39 countries in Europe over the period 1980–2019, the empirical analysis presented in this paper indicates that increasing the share of nuclear, renewables, and other non-hydrocarbon energy and improving energy efficiency could lead to a significant reduction in carbon emissions and improve energy security throughout Europe. Accordingly, policies and reforms aimed at shifting away from hydrocarbons and increasing energy efficiency in distribution and consumption are key to mitigating climate change, reducing energy dependence, and minimizing exposure to energy price volatility.
Keywords:
Climate change; energy security; carbon emissions; energy efficiency; Europe; transition economies; mitigating climate change; energy dependence; climate change adaptation; financing climate change mitigation; Greenhouse gas emissions; Energy conservation; Carbon tax; Global; Baltics
Cover IMF Staff Country Reports
Republic of Lithuania: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues paper on the Republic of Lithuania takes stock of policies and reforms countries are implementing to mitigate and adapt to climate change. Within Europe, the Baltic Sea basin is particularly vulnerable to global warming caused by climate change. Fiscal policy measures, including a carbon tax on fossil fuels, are the most efficient tool for climate change mitigation. Well-designed policies and structural reforms would help reduce CO2 emissions and strengthen energy security. Baltic countries must also mainstream adaptation into development plans to strengthen resilience against climate change. Long-term climate risks demand decisive action to strengthen physical, financial, institutional, and social resilience. While a variety of adaptation measures have been introduced to enhance resilience to climate change throughout Europe, there are still significant gaps that keep some countries, such as the Baltics, more vulnerable to threats associated with climate change. Furthermore, strengthening physical and financial resilience would reduce damages from climate change and increase expected returns to private investment and output.
Keywords:
B. climate change mitigation; TF risk; data overview; Energy security; energy security; Greenhouse gas emissions; Anti-money laundering and combating the financing of terrorism (AML/CFT); Climate change; Carbon tax; Energy conservation; Global; Europe; Baltics