The recent tragic events in Ukraine have demonstrated the clear need for the EU to speed up its energy transition in order to reduce its dependency on Russian oil and gas. Vice-President of the European Commission Frans Timmermans and Commissioner Kadri Simon announced REPowerEU this week, a communication outlining measures to accomplish just that.

Over the past several days, the Russian invasion of Ukraine has shaken the world. Alongside the horror for the Ukrainian people, there are also the global ramifications.  When it comes to energy supply and demand in Europe, we were already at the centre of a perfect storm.