European policy makers are living through seismic shifts, and energy is at the centre of these changes. Systemiq’s experts argue that there is a clear path to the energy transition which supports both competitiveness and security.
Geopolitical tensions, shifting trade dynamics, and economic reorientation are playing out, with Europe caught between pressure on its eastern border and uncertain protection from across the Atlantic. Weaponization of energy and global trade is increasingly real and apparent. The open seas for energy trade are no longer taken for granted. Amid concerns of geopolitical threats and economic resilience, the energy transition seems to take the back seat.
In “Europe’s moment. The way ahead for secure energy in the EU and the UK”, Systemiq energy experts Eveline Speelman, Peter Hulshof and Boris Vergote explain that there is a clear path forward for the energy transition that supports both competitiveness and security. It is ambitious and requires closer integration, capital mobilization and deliberate policy. Europe is at a crossroads: today is the moment to choose decisively to build a reliable energy supply. This allows us to phase down and out of fossil fuels and decouple our economies in an orderly fashion from the price volatility and geopolitical dependencies of oil and gas.
As the EU announced its Clean Industrial Deal and the UK Climate Change Committee announced its 2040 pathway, the authors provide their observations on what matters for leaders in this fast-moving debate with a new emphasis on security and resilience, and their views on how to move forward.
