Episode 26: The European Energy Crisis and its Lasting Impacts with Gerard Reid (Copy)
The European Energy Crisis flipped the energy world on its head in one of most influential events in energy history. Gas and electricity prices surged, Europe rushed to replace the 40% of its natural gas supply that came from Russia, and the world scrambled to stem the worst outcomes. Now a year on from the inception of the crisis, what does the situation look like? How has the balance of power in energy shifted? And how has the speed of the energy transition changed?
Here to answer these questions is Gerard Reid, founder and host of the Redefining Energy podcast and founder of Alexa Capital, a European investment bank supporting the energy transition. He is also a member of the World Economic Forum’s Global Future Energy Council, which brings together business and government leaders to shape our energy future. As a well-known voice on all things energy, he brings his expertise to the episode to break down Europe’s energy situation and what it means for the energy transition going forward.
Keynotes:
What really caused the European energy crisis and what’s happening now
How the crisis has shaped energy policy and the future of energy security
The effects of the crisis on the speed of the energy transition in Europe and globally
How the IRA is shifting the global balance of power around the energy transition, and how Europe is responding
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