Sector & service specialists

Energy

Europe’s energy sector spans numerous, often competing interests spanning renewables, oil, gas and nuclear though to electricity distribution.

In the wake of the global energy market disruptions caused by Russia’s invasion of Ukraine, the European Commission adopted the REPowerEU Plan in May 2022. The objective was to rapidly reduce the EU’s dependence on Russian fossil fuels, by fast-forwarding the clean transition and joining forces to achieve a more resilient energy system with a true Energy Union.  To date, in 2024, the EU has successfully met most of the ambitious targets set in the REPowerEU Plan and is on track to achieve the medium to longer-term objectives. Over the past 2 years, the REPowerEU Plan has helped the EU save energy, diversify its supplies, produce clean energy and combine investments and reforms.

At the last count there are over 50 trade associations focussed on energy, and six of Brussels top 20 corporate affairs spenders (Shell, ExxonMobil, Equinor, TotalEnergies, E.ON and BP) are energy companies. Moreover, every sector is an energy consumer which means EU energy policy is a vitally important horizontal policy area.

People’s well-being, industrial competitiveness and the overall functioning of society are dependent on safe, secure, sustainable and affordable energy. The energy sector, covering extraction, production and distribution directly employs in the EU about 1.6 million people and generates an added €250 billion to the economy, corresponding to 4% of value added of the non-financial EU business economy.

European Commission

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