Does Brexit Benefit the EU’s Renewable Energy Prospects?

In many respects the fight between autocracy and democracy is one which appears to be edged by autocracy in the typical corporate structure or business organisation in that you have the founder’s original vision which is being honoured by everybody who falls under them. There could perhaps be a transfer of some power and free reign to a figure such as the Chief Executive Officer, but even then the CEO is indeed accountable to the board and ultimately to the majority shareholder(s).

The corporate and business world is perhaps an example of just how autocracy could work out to be better than democracy, but that’s only because the entire engagement of the business has a clear definition. You’re in business to make money and to generate that income through the provision of a certain product or services or a certain range of products and services.

When it comes to politics however, the likes of the Brexit vote demonstrates the need for democracy to win its tug-of-war with autocracy, quite simply because the decisions made with regards to these power ranks affect the livelihoods of an entire nation and so while it may have been nice to ideally have an autocrat who does indeed have the nation’s interests at heart, something like that cannot be left to chance.

Providers of renewable energy insurance Lycetts have explored some research with regards to the Brexit and what it means for the future prospects of the EU’s renewable energy commitments, undoubtedly making for an approach which is a lot less political than the manner in which the UK’s withdrawal from the European Union has been generally covered.

The EU leads the way in producing renewable energy, with this renewable energy accounting for 44% of the entire trading-block’s electricity capacity as well as 15% of its overall consumption. Between the period running from 2004 to 2011, 70% of all the new power capacity generated in the region came from renewable energy sources. Between 2004 and 2014 there has been a year on year increase of 5.6% in the production of renewable energy (73.1% overall), but many countries are still lagging behind.

The UK in particular is falling furthest behind its targeted goal of producing 15% of its energy from renewable resources by 2020 — falling short by a full 10%. This brings up the question of whether or not the EU would in fact be better off minus the UK in terms of meeting its targets for going greener.

Every suggestion is that the EU’s renewable energy prospects would in fact be better off post-Brexit, despite the UK’s departure perhaps taking with it a real shining example of what going green is all about (Scotland produces 97% of its household electricity from wind turbine energy). So while there are many front running nations which appear to be pulling the block ahead (Germany, Sweden, Denmark, etc), the UK’s slipping global position in meeting its individual green energy generation targets would suggest that Brexit will indeed benefit the EU’s renewable energy prospects.