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EUROPE’S ENERGY
TRANSITION AMBITIONS
ON TRACK
Hari Vamadevan, Executive Vice President and Regional the energy mix and lower greenhouse
Director, UK and Ireland, Energy Systems at DNV, presents gas emissions because of its pivot
the latest analysis of the global energy transition away from Russian gas.
RE-EVALUATING THE ENERGY TRANSITION
he war in Ukraine has turned months ago have understandably slipped Exclusively produced to assess the
the world on its axis and rocked down the news agenda. Though climate war’s influence on the energy transition
economies around the globe. change may not be making headline in Europe, DNV’s latest energy
The conflict and ongoing news, the optimism and drive to achieve transition model predicts that 34 per
1
T sanctions have led to deeply an energy transition that limits global cent of the energy mix in Europe will
concerning supply issues as the price of warming to 1.5°C continues. come from non-fossil fuels in 2024, two
everything from foodstuff to energy is at New analysis from DNV shows percentage points higher than the pre-
unprecedently high and erratic levels. the conflict will not derail Europe’s war forecast. Overall, gas use will drop
As attention rightly centres on the energy transition. In fact, it will be nine per cent in 2024 compared with
crisis, the promises set out at COP26 six accelerated with less fossil fuels in DNV’s model run before the war began
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