Balancing energy security, competitiveness and climate agenda

The journey towards energy independence is multifaceted, involving strategic decoupling from previous energy systems, diversification of supply sources, investment in cleaner alternatives and a focus on regional stability.

The geopolitical turmoil are fast-tracking the Baltics’ energy transition, speeding-up their pursuit of energy autonomy and the transition to a sustainable, low-carbon future.

Striving towards creating a hub that combines renewable energy capacity with large-scale transmission to the wider continent, the Baltic States are set to strengthen their resilience, contribute to Europe’s climate goals, and create a blueprint for cross-border energy cooperation.

With very little time left until 2030 to achieve the targets, the industry needs to focus on finalising the H2 backbone, securing mature technologies, increasing efficiency and rapidly expanding production, while making it profitable and economically viable for consumers.

By 2050, renewable and low-carbon gases will be set to replace natural gas, and adopt a role of integrating the electricity & gas sectors, providing more flexibility within the energy systems.

A region that was devoid of CO2 transport and sequestration infrastructure, has been granted PCI status leading to further developing a robust and sustainable CO2 value chain that may be utilised by main emitters in the Baltics.