## Climate Security and Energy Security Must Go Hand-in-Hand

_IMF Blog, December 1, 2022_

## Source details

**Canonical URL:** [Climate Security and Energy Security Must Go Hand-in-Hand](https://www.imf.org/en/blogs/articles/2022/12/01/climate-security-and-energy-security-must-go-hand-in-hand)

## Other formats

- [Markdown version](/en/blogs/articles/2022/12/01/climate-security-and-energy-security-must-go-hand-in-hand/index.md)
- [Structured JSON version](/en/blogs/articles/2022/12/01/climate-security-and-energy-security-must-go-hand-in-hand/index.json)
- [Bundle manifest](/en/blogs/articles/2022/12/01/climate-security-and-energy-security-must-go-hand-in-hand/bundle-manifest.json)

## Bibliographic details
- Authors: Gita Bhatt
- Published: December 1, 2022

---

### Overview
- Publication: Finance & Development magazine overview authored by Gita Bhatt.
- Date: December 1, 2022.
- Central theme: The energy transition and climate security must be pursued together even amid geopolitical tensions and near-term energy supply shocks following Russia’s invasion of Ukraine.
- Framing problem: Short-term scramble to secure affordable and reliable energy risks imperiling longer-term climate action unless policies avoid deepening dependence on fossil fuels.

### Key arguments from contributors
- Fatih Birol (International Energy Agency):
  - Asserts it is a fallacy that the world must choose between energy security and climate action.
  - Warns against using the current crisis as an excuse to deepen dependence on fossil fuels.
  - Calls for more investment in clean energy, including "energy efficiency, renewables, electrification, and a range of clean fuels" to reduce dependence on imported oil and gas.
- Daniel Yergin:
  - Warns the energy transition needs careful planning.
  - Cautions that the transition will lose public support if it causes economic disruption, especially in developing countries facing competing priorities such as health, poverty, and economic growth.
  - Critiques that "Advocacy has too often taken precedence over analysis."
- Andrea Pescatori and Martin Stuermer (IMF):
  - Explain structural differences between oil and gas markets.
  - Place the current energy crisis in broader perspective (no numeric projections provided in source content).
- Jeromin Zettelmeyer and coauthors (Bruegel):
  - Urge European Union countries to strike a "grand bargain" to reduce energy demand and boost supply while keeping internal energy markets open and compensating vulnerable consumers.
- Ricardo Hausmann (Harvard):
  - Argues the clean energy transition offers emerging and developing economies an opportunity to supercharge growth through value-creating investment in green technologies and jobs.
- Jason Bordoff (Columbia University):
  - Suggests America’s new climate law presents an opportunity for the US to engage partners to create special trading rules that support clean energy.

### Regional and sector implications
- Europe:
  - Faces an immediate supply challenge that requires reducing demand, boosting supply, keeping markets open, and protecting vulnerable consumers.
  - Structural differences between oil and gas markets are relevant to policy responses.
- Emerging and developing economies:
  - Clean energy investment can generate value and jobs, aiding decarbonization without forgoing development goals.
- Technology mix emphasized:
  - Long-term security depends on a mix of clean technologies listed in the source: "solar and wind power to nuclear, green hydrogen electric vehicles, and carbon capture."
  - Massive investment in clean energy is framed as the best guarantee of energy security.

### Policy recommendations and priorities
- Do not substitute short-term energy security for long-term climate goals.
- Increase investment in clean energy, specifically:
  - Energy efficiency.
  - Renewables.
  - Electrification.
  - A range of clean fuels.
- For Europe: pursue a "grand bargain" to:
  - Reduce energy demand.
  - Boost supply.
  - Keep internal energy markets open.
  - Compensate vulnerable consumers.
- For the US: use new climate legislation to coordinate with partners on special trading rules to support clean energy.
- For developing countries: plan transitions to avoid economic disruption and preserve public support while leveraging green investment for jobs and growth.

### Featured country and sector examples mentioned
- Poland: interview with former energy minister Piotr Naimski on pursuit of energy independence.
- Chile: hydrogen development ("Chile’s hydrogen bet").
- Kenya: geothermal industry.
- Indonesia: solar future.

### Conclusion
- The issue’s synthesis: Climate security and energy security must go hand-in-hand; massive investment in clean energy is the most reliable path to both energy security and long-term decarbonization.
- Editorial note: The issue contains additional material and interviews intended to provide new insights and food for thought.

*Source: Finance & Development magazine, "Climate Security and Energy Security Must Go Hand-in-Hand", Gita Bhatt, December 1, 2022.*

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## References

- [Finance & Development](https://www.imf.org/en/Publications/fandd)
- [Fatih Birol](https://www.imf.org/en/Publications/fandd/issues/2022/12/a-call-to-clean-energy-fatih-birol)
- [Daniel Yergin](https://www.imf.org/en/Publications/fandd/issues/2022/12/bumps-in-the-energy-transition-yergin)
- [energy transition](https://www.imf.org/en/Publications/fandd/issues/2022/12/picture-this-energy-transitions)
- [Andrea Pescatori and Martin Stuermer](https://www.imf.org/en/Publications/fandd/issues/2022/12/from-abundance-to-thirst-Pescatori-Stuermer)
- [Jeromin Zettelmeyer and coauthors](https://www.imf.org/en/publications/fandd/issues/2022/12/beating-the-european-energy-crisis-zettelmeyer)
- [Ricardo Hausmann](https://www.imf.org/en/Publications/fandd/issues/2022/12/green-growth-opportunities-ricardo-hausmann)
- [nuclear](https://www.imf.org/en/Publications/fandd/issues/2022/12/nuclear-resurgence-nordhaus-lloyd)
- [green hydrogen](https://www.imf.org/en/Publications/fandd/issues/2022/12/hydrogen-decade-van-de-graaf)
- [Jason Bordoff](https://www.imf.org/en/Publications/fandd/issues/2022/12/america-landmark-climate-law-bordoff)
- [Piotr Naimski](https://www.imf.org/en/Publications/fandd/issues/2022/12/trenches-pipeline-diplomacy-Naimski)
- [Chile’s](https://www.imf.org/en/Publications/fandd/issues/2022/12/country-case-chile-bet-on-green-hydrogen-Bartlett)
- [Kenya’s](https://www.imf.org/en/Publications/fandd/issues/2022/12/country-case-kenya-taps-the-earth-heat)
- [Indonesia’s](https://www.imf.org/en/Publications/fandd/issues/2022/12/country-case-indonesia-solar-future-jacques)

_Source: https://www.imf.org/en/blogs/articles/2022/12/01/climate-security-and-energy-security-must-go-hand-in-hand_