1. Energy Transition in the Eastern Mediterranean: Turning the East Mediterranean Gas Forum (EMGF) into a Regional Opportunity
- Author:
- Ioannis N. Grigoriadis and Deniz Çetin
- Publication Date:
- 02-2024
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- This paper advocates a holistic approach transcending traditional energy security concepts, including a shift towards renewables, establishing regional energy markets, and focusing on cooperation rather than competition for long-term sustainability and socioeconomic development. The Eastern Mediterranean, identified as a hotspot of climate change is characterized by unsustainable energy practices, driven by high energy demand, low efficiency, and reliance on fossil fuels, which contributes to environmental and economic challenges. There is a need for the Eastern Mediterranean to transition to green energy, as a solution to energy problems and climate change risks. The European Union can play a key role in supporting this transition, aligning with the goals set on the European Green Deal and fostering cooperation with and among the Mediterranean states. The potential role of the East Mediterranean Gas Forum in regional energy cooperation is crucial. Expanding its scope beyond natural gas to renewable energy should emerge as a key priority.
- Topic:
- European Union, Renewable Energy, Regional Economy, and Energy Transition
- Political Geography:
- Eastern Mediterranean