Navigating risks and enhancing resilience: charting Europe’s energy and climate pathways

The Russian war in Ukraine, extreme weather events in Europe, and the US Inflation Reduction Act have all significantly impacted Europe’s climate and energy resilience. These events highlight the need to address climate preparedness and energy security together.
As the EU develops its green industrial framework to strengthen the capacity of net-zero technologies, and in turn, trigger investment in net-zero manufacturing, an energy-secure economy is essential.
Similarly, the digital economy depends on a reliable energy system to thrive. Securing the European energy system, in this uncertain period, serves our well-being, our economy, and, crucially, meeting our climate goals.
In 2024, we have entered the mid-point of the decade of decisive climate action. This is a time to renew our commitment to climate and energy targets and shift from ambition to implementation. Strengthening Europe’s climate resilience and preparing a plan to meet the 2040 target of 90% emissions reductions should be priorities for the new European mandate.
The summit on 17 October 2024, will follow the European Parliament elections and the EU Strategic Agenda publication, and it will precede the US presidential election by two weeks. These milestones will clarify the role of the European Green Deal and the clean energy transformation during the European mandate until 2029.
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