Bill Gates.and fears of a potential cutoff from gas - which made up around 40 per cent of imports to the EU before the war - have spurred a greater drive among member states to speed up the energy transition. While plans to curb reliance on Moscow call for more gas from other countries, clean power and green fuels are also seen as key to bolstering security of supply.
"If we don't spend this, we're just not going to reach the targets that we want and we're just going to increase the risks and our dependency," said Anders Porsborg-Smith, managing director at BCG."The investments that are required here will significantly reduce the risk of us not making it."
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