Past Event

Facing New Realities: Rethinking Energy Use, Supply, and Policy in the Wake of the Global Energy Crisis

Mar 29, 2023
Oxford

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The global energy industry continues to face turbulent times, experiencing the worst energy crisis in decades, with high energy prices, supply chain disruptions, and economic instability.
However, almost a year after Russia’s invasion of Ukraine, the outlook is relatively positive compared to early dire predictions. .
While the short-term news is surprisingly positive, the world that emerges from this energy crisis will require a vastly different strategy to approaching the energy transition.
Firstly, supply chains have shortened. It is difficult to imagine a return to the levels of integrations that drove the energy transition in the past decade, such as solar and battery technology from China.
Secondly, decarbonisation is now a matter of survival. The need for energy independence, especially in Europe, has reinforced the existing decarbonisation imperative to drive investment in both mature and immature energy technologies.
Thirdly, Europe’s energy intensive industries are threatened. Europe must now re-evaluate the reliance of its manufacturing industry on cheap Russian fossil fuels, especially in countries like Germany.
The Aurora Spring Forum 2023 focused on rethinking energy use, supply, and policy in the wake of the global energy crisis.

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Aurora’s events bring together industry leaders, policymakers, and experts for insightful discussions and data-driven analysis, shaping the future of energy.