In transition: Energy Security & Digitalisation

FETSA’s executive director Ravi Bhatiani discusses the links between geopolitics, future fuels, and the digital transformation of the energy industry IT IS a time of multiple transitions. The energy transition continues to be a top priority and FETSA has been working across multiple files related to taxation, incentivisation of hydrogen take up, the future of e-fuels and reduction of carbon and other vehicle emissions. Meanwhile, the EU is designing a new legal framework to ensure a 55% GHG reduction from 90s levels by 2030; climate neutrality for 2050.   Geopolitical transition The EU, and the globe in general, is also in the process of a geopolitical transition to a multi-polar, or tri-polar world. Three major jurisdictions are influencing global developments and multi-lateral institutions (the USA, China and Russia). The EU wishes to become a fourth pole in international relations, but this is a huge challenge given the lack of a state structure of the EU, which is mainly a political and trade union. This high-level transition has concrete working-level policies for FETSA and its members. There is a process of decoupling ongoing with Russia, China and the...