What Indicators for Monitoring the Energy Transition?

DNVGLIn 2014, the European Climate Foundation commissioned DNV GL, an international certification body with expertise in technical assessment, energy and research, to look at indicators for the EU’s new 2030 governance system on climate and energy.

DNV GL finds that the initial set of indicators, presented by the European Commission in January 2014, represents a good starting point but falls short of providing a holistic view of the EU energy system and, therefore, does not appear sufficient to ensure comprehensive monitoring of targets, drivers and risks related to the transition of the EU energy system. The report therefore proposes a list of additional indicators be taken into consideration, indicators such as: (1) carbon and energy intensity ratios, (2) true energy costs (in relation to energy intensity), (3) investment climate (monitoring public and private investments), (4) a combination of indicators for energy security (beyond simple n–1 amount of suppliers), and others.

Please download the report here.