Capgemini’s Annual World Energy Markets Observatory, 2022 –

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 Capgemini’s Annual World Energy Markets Observatory, 2022
A balance must be found between two equally important imperatives: 
security of affordable energy supply and the fight against climate change

• Energy reduction initiatives are increasing significantly and hopefully will reduce the risk of brownouts this winter
• There is a need to watch out for the renewables paradox – Europe, in particular, must not exchange a dependence on Russian gas with a dependence on certain energy transition key components
• Acceleration is needed – acceleration in the deployment of renewables and acceleration in the investment of key technologies such as Green Hydrogen electrolyzers and Carbon Capture and storage technologies

Paris, October 13, 2022 – Capgemini has published the 24^thedition of its annual World Energy Markets Observatory (WEMO), created in partnership with De Pardieu Brocas Maffei, Vaasa ETT and Enerdata. According to the report, there is an urgency to create balance between two equally important imperatives – the security of affordable energy supply and the fight against climate change. This year’s WEMO explores how achieving this balance is possible through the combination of short-term action and long-term decisions on the reform of the energy market design, on the sustainability of energy supplies, and on favourable financing conditions for long term green investments.
Key observations and recommendations from the report include:

Addressing the energy crisis with energy reduction and gas storage in the short-term
Following the Russian invasion of Ukraine, the long-term risk represented by European dependence on Russian gas has reached a breaking point. Dependence on Russian gas in Europe, especially in Germany, has compounded over the last two decades through a reduction of European gas production and an increase in gas consumption. This has been driven further…