OP Newsletter. N° 111, November 2022

Abstract

2022 was a year of big challenges for the global energy system. People and businesses across Europe are facing the spike of energy prices resulting from the unprovoked Russian invasion of Ukraine and Russia’s weaponisation of fossil fuels. This situation is accelerating the transformation of Europe´s energy system with a double objective: ending the dependence on Russian fossil fuels - a key priority of the Czech Presidency of the Council of the EU - and tackling the climate crisis. In May 2022, the Commission presented the REPowerEU plan, projecting energy savings, a diversification to reliable energy partners and an accelerated transition to renewable energy sources. Delivering the REPowerEU objectives requires an investment of EUR 300 billion and creates a unique growth opportunity for EU’s trusted partners, especially in the Global South. The results of EU action were quickly visible. Over the past few months, the EU has decreased its dependence on Russian gas from 45% to 14%. The EU is prepared for the winter and stands united in its support for Ukraine and against Russia’s aggression. The November edition of our newsletter brings a selection of EU publications on European energy, along with publications on other interesting topics, from new technologies to new approaches for the classroom.