FETSA View: Expectations For The Next Legislative Mandate

FETSA’s executive director Ravi Bhatiani discusses the group’s expectations for the EU’s emissions targets and energy transition efforts   The recent adoption by the European Commission of a new 2040 climate target of 90% emissions reductions, as well as continued energy transition efforts by the EU in developing hydrogen and CCUS infrastructure show that the energy transition planning continues at pace in Europe despite increasing criticism from many sectors – notably agriculture.   Political Will For The Energy Transition The energy transition is not the only political priority. Initiatives like the Antwerp Declaration for a European Industrial Deal, as well as European Commission recommendations to include fossil fuel infrastructure investment plans in national policies, show signs that governments are starting to acknowledge the concerns of industrial stakeholders in policy making. This being said, the overriding topic in international discussions continues to be the geopolitical volatility that the world is experiencing. There is an intense policy focus on the linked energy and supply chain disruptions that could result from Arctic, European, Middle...