Prof. Dr. Joschka Wanner

Climate policy is a central pillar of the European security architecture, especially in times of global crises. A new report by the Kiel Institute quantifies the security benefits of an ambitious EU climate policy. For every euro Europe spends less on oil, Russia’s war chest shrinks by 13 cents, thereby easing pressure on European defense budgets. These could decrease by 37 cents for each euro saved on oil. The calculations make it clear: From a geopolitical perspective as well, a higher CO₂ price is justified – and a speed limit would also have a direct security benefit