Recent events in Ukraine have reminded us how critical and essential energy and natural resources are for households and businesses in all sectors. While most European countries have overhauled their energy policies to achieve their "net zero" ambitions and combat global warming, the shock of the war in Ukraine made us realize that certain paths must be reviewed to secure energy supply.
Global energy consumption remains highly dependent on fossil fuels, which account for around 70% of final energy consumption in Europe.
To reduce this energy dependency, the European Commission recently launched "RePowerEU", a plan to make Europe independent of Russian gas by 2030. It accelerates the already ambitious energy transition objectives of "Fit For 55".
Are the targets set by RePowerEU and Fit for 55 ambitious enough to achieve carbon neutrality by 2050 and secure energy supply?
What is needed to achieve this and what are the roles of the main stakeholders: regulators, energy players, investors, individual consumers and professionals?
Pascal Canfin, Member of the European Parliament, Chairman of the Committee on the Environment, Public Health and Food Safety, gave us his perspective and informed us of the latest developments.
A panel discussion with industry and energy leaders, private equity investors, and KPMG experts completed the session.
Speaker: Pascal Canfin
President-elect of the Environment Committee of the European Parliament
Moderator: Valérie Besson,
Responsable de l'énergie et des ressources naturelles pour l'Europe, le Moyen-Orient et l'Afrique chez KPMG