Europe’s renewable energy future

 To realise an affordable, clean energy future, Europe needs to double down on renewables, writes Sushil Purohit.

Sushil Purohit is the president of Wärtsilä Energy and EVP Wärtsilä Corporation from Finland.

With energy prices at record highs, policymakers face a decisive moment in the energy transition. Europe is in the latest of a long line of energy crises going back to the 1970s, with wholesale gas prices surging, and energy bills soaring for households and businesses across the continent.

As costs bite, and the conflict continues, it’s vital that European policymakers maintain their focus on two distinct time horizons. Leaders need to take measures to ensure energy security in the short term. But they must not lose sight of the medium to long-term opportunity: to finally get to the root of the problem.

To make this the last energy crisis and affordably meet the European Union’s (EU) net zero target, EU leaders need to boldly scale-up renewables at an unprecedented rate. (...)