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The new geopolitical reality, following Russia’s invasion of Ukraine, has brought the EU back to the negotiating table to discuss its energy transition. In the coming years, the shift from Russian hydrocarbons, combined with the security of supplies, will be the main driving forces behind changes to the EU energy sector.

The EU has already started taking action to achieve its energy independence, notably through the REPowerEU plan, aimed at rapidly reducing dependence on Russian fossil fuels and fast-forwarding the green transition. Significant steps in this direction are visible. At the beginning of the war in Ukraine, 40% of imported gas to the EU was Russian. In the autumn of 2022, this figure has dropped to just 9%.

The EU response to the crisis is strengthening the goals set by the ‘Fit For 55’ strategy and the 'European Green Deal'. However, some argue that a deeper revision of Europe’s energy transition plan is required, accounting for the starting point of each Member State. For example, in Poland, the scale of challenges faced on the path to becoming a positive green influence in the region is still significant and requires substantial financial investment.

According to industry stakeholders in CEE countries, a prudent energy policy will enable these countries to reframe the geopolitics of the region. They claim that CEE countries can play a crucial role in building a strong, independent, environmentally friendly, and unified EU.

A 'Just Transition' is key to implementing these ambitious climate policies. With Russia's military aggression against Ukraine causing electricity and gas prices in the EU to soar, the social acceptance for the transition and respect for the principle of “no one is left behind” is more crucial than ever.

The European energy sector is currently at a crossroads. Join this EURACTIV Conference to discuss its approaches to achieving the energy transition. How can different Member States reach the ambitious EU targets? How can the EU be better prepared to meet new challenges while undergoing its energy transformation? And what role will the upcoming Electricity market design reform play?

Please note that this is a round table event and will be in-person only.

REGISTER HERE

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