Crises Collide: Balancing Net Zero and Energy Security

Energy security has come into sharp focus over the past two years, as the shifting geopolitical landscape shakes up power markets around the world. To help customers, numerous governments have introduced regulatory mechanisms to tackle inflation and strengthen domestic energy requirements. But in some instances, these policies have undermined climate goals and even had knock-on effects to the stability of utilities companies themselves. So just how damaging have the last few years been, and are we still on track to meet our net-zero goals? On today’s show, BNEF’s Deputy CEO, Albert Cheung, hosts a conversation on energy security with panelists Greg Jackson, CEO of Octopus Energy; Georgios Stassis, CEO and Chair of Public Power Corporation; and Rui Teixeira, CFO of EDP. Together they discuss the energy ‘trilemma’ of sustainability, affordability and security, including what’s required to increase the pace of clean energy deployment and the compatibility of ever-increasing fossil-fuel investments with a net-zero future. Today’s episode was recorded live at BNEF Summit London. To learn more about BNEF’s Summits and to listen to more interviews, please visit https://about.bnef.com/summit/. Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app. See omnystudio.com/listener for privacy information.