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EU Confidential

The challenges to energy security in Europe

EU Confidential

POLITICO

Politics, News Commentary, News

4.4175 Ratings

🗓️ 20 November 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

Europe’s energy system is entering a period of radical change. The net-zero transition will require a significant overhaul of our infrastructure and our supply chains, right when geopolitical tensions are forcing the continent to find new sources of oil and gas and develop new networks of energy collaboration with allies. In this special podcast episode produced by POLITICO Studio for Equinor, we explore these changes and their impact on energy policy across the continent. Vulnerabilities of Europe’s energy supply range from cyberattacks on energy infrastructure, to securing access to critical minerals – but crises can be turned into opportunities. Building overall energy resilience requires not independence, but interdependence, as countries pool resources to ensure security through international cooperation and diversified energy supplies that will bring them closer to net zero and secure long-term energy supply. Hear from Alberic Mongrenier, executive director at the European Initiative for Energy Security; Jeppe Kofod, Denmark’s former Minister of Foreign Affairs; Evan Fuery, senior vice president for corporate security and crisis management at Equinor; and James Appathurai, assistant secretary general for innovation, hybrid and cyber at NATO, on the ambitious steps countries are taking to future-proof their energy systems. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We are in the middle of the first truly global energy crisis.

0:06.5

And we all know that these pipeline gas cuts have added unprecedented pressure.

0:11.2

We will report of one of the emergency measures we took during the energy crisis in 20.

0:15.2

With severe knock-on effects on Europe's energy system.

0:19.6

Europe's energy system is entering a period of radical change.

0:23.6

The net zero transition will require a significant overhaul of our infrastructure

0:27.4

and greater access to vital metals and minerals to power green technology.

0:32.6

Geopolitical tensions are forcing the continent to find new sources of energy

0:36.3

and deepen collaboration with

0:38.1

allies, but could also see it excluded from critical commodities if trade tensions mount.

0:44.0

Cyber security is a rising concern too, as malevolent actors look to target critical infrastructure.

0:52.8

I'm Adam Green, a science and technology journalist, and in this special podcast episode, produced by Politico Studio for Equinoa, I talk to experts from business, think tanks and governments about turning crisis into opportunity, building energy interdependence rather than independence in Europe, and how to defend the continent's

1:11.7

energy infrastructure from cyber threats.

1:14.5

I started by asking Albrecht Mungrenier, executive director at the European Initiative

1:19.5

for Energy Security, how European attitudes to energy have changed since the war in Ukraine.

1:24.9

So, up until the war, I'd say energy security issues were obviously important already, but largely

1:32.4

left to experts.

1:34.1

And the war and the energy crisis have turned this into a massive social, economic and

1:40.1

therefore political issue.

1:41.3

We'd never experience such an energy shock.

1:44.5

And the impact this has had on people and industries

1:48.3

just made it from page news.

...

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