The Hellisheidi geothermal power plant in Iceland
Europe must think outside the box on energy independence
Unquestionably, Europe is in a bind. And it may need to be a lot more innovative than its previous blinkered approach to achieve the necessary short-term wins
Energy shortages loom for Europe, both due to the war in Ukraine and because many governments were pushing to transition to renewables and other forms clean energy faster could be supported within the supply-demand balance. Solutions to the continent’s predicament are now being desperately sought. Thus, it is timely to reflect on some paths towards energy security, with the goal of identifying which of them will helping achieve it in the shortest time and with realistic investment levels. Energy efficiency improvements are by far the most impactful measures the EU could implement to relieve energy shortages. In fact, an increase from 2pc to 4pc pa in the rate of improvement of the energy int
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The March 2026 issue of Petroleum Economist is out now!
