Öko-Institut e.V., Berlin 2006

Energy and climate policy in the 21st century is facing manifold and far-reaching chal-lenges: the problem of global climate changes requires fast and significant reductions in greenhouse gas emissions to stabilise the concentrations of these gases at a level which is sufficient to limit the increase of the global mean temperature to a level not exceeding 2°C above the pre-industrial levels; finite fossil and nuclear fuel resources and the foreseeable concentration of fuel production in some politically sensitive regions is increasingly highlighting the problem of energy security; the integrated world energy markets and liberalised energy markets are in-creasingly facing the problem of highly volatile energy prices, which leads to an increased vulnerability of economies. Against the background of these challenges, a business-as-usual approach in energy policy is increasingly being seen as no longer acceptable. However, there is no silver bullet for solving the majority of the problems that energy and climate policy is facing today. Many options must be explored and it will be necessary to implement many op-tions.

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