The energy sector has experienced turmoil in the past two years. Covid-19 lockdowns sharply reduced energy demand, causing prices to drop. Then the post-pandemic economic rebound increased demand amid supply shortages, resulting in price hikes. In the last year, Russia’s invasion of Ukraine has created further uncertainty in the European policy landscape and energy markets, with supply disruptions of natural gas leading to record-high electricity prices.

In this insight hour, join us to consider how best to tackle the energy crisis in Europe. Would a reduction in usage of natural gas, and power overall, be enough to mitigate supply-side tensions and help avoid scarcity during winter months? Is that reduction even achievable? Given all the factors at play, what now needs to happen to support Europe in reaching its long-term climate objectives? What can be done to hasten the energy transition, reduce European dependency in the areas of energy and raw materials, and improve energy security for national economies?

This Insight Hour is programmed by Economist Impact and hosted by Deloitte.