S&P Global: The Future’s Focus

The experts at S&P Global look at the challenges and opportunities for the European liquid bulk storage industry in a shifting energy landscape The European liquid bulk storage industry stands on the brink of a seismic shift. With geopolitical tensions escalating and the relentless march towards decarbonisation, the sector faces unprecidented challenges. As traditional fossil fuels fall out of favour and regulatory pressures mount, industry players must adapt or risk obsolescence in a rapidly evolving energy landscape. Europe Energy Policy Trilemma The energy trilemma highlights the challenges of balancing emissions reduction, energy security, and affordability. Despite high emissions reduction goals, economic and political pressures, including the cost-of-living crisis and rising far-right support, are shifting priorities. Energy security is increasingly linked to reducing reliance on imported fossil fuels amid geopolitical tensions like the war in Ukraine and the Middle East crisis, but affordability concerns are also growing as government support wanes and the cost burden on consumers rises complicating the green transition. In the midst of this energy trilemma, the...