While the Nord Stream pipeline is cut for three days for maintenance, the countries bordering the Baltic Sea met in Denmark on Tuesday August 30 for a summit on energy security. They sought solutions to limit dependence on Russian oil and gas supplies and agreed to sevenfold wind power by the end of the decade.
Eight countries – Germany, Denmark, Estonia, Finland, Latvia, Lithuania, Poland, Sweden – will work together to increase wind capacity sevenfold offshore by 2030, thus supplying at least 20 million homes. This is more than wind capacity offshore current European Union. here is Baltic countries’ response to the energy “war” In progress.
” We are on the front line of European energy security said Danish Prime Minister Mette Frederiksen firmly. A combative position confirmed by the President of the European Commission, Ursula von der Leyen: “ (Vladimir) Putin’s attempt to blackmail us with fossil fuels fails. We get rid of it. »
At the Baltic Sea Energy Security Summit today leaders from the Baltic Sea region expressed commitment to phasing out Russian energy. Regional cooperation is key to accelerate the green transition in the region. Read the statement:https://t.co/NPaZGMj8oh
— Statsministry (@Statsmin) August 30, 2022
With a rise in electricity prices everywhere in Europe and inflation which came close to 9% in July in the region, the question of energy supply is central. This showdown with Russia is forcing Europe to accelerate its energy transition and invest in renewable energies. The European Union aims to cut its greenhouse gases by more than half by 2030 and carbon neutrality by 2050.
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