Even as Europe rapidly cut its dependence on Russian gas and is now swiftly moving toward a complete phaseout, exposure to fossil fuels remains the Achilles’ heel of our energy systems. The reality is that relying so heavily on fossil fuels — whether from Russia or elsewhere — can’t give us the energy security and prosperity we need. It leaves us incredibly vulnerable to international market volatility and pressure from external actors.
Like European Commission President Ursula von der Leyen said: “As our energy dependency on fossil fuels goes down, our energy security goes up.” This is why Britain and the EU are committed to building Europe’s resources of homegrown clean power, looking to increase our energy security, create well-paid jobs, bring down bills and boost our industrial competitiveness, all while tackling the climate crisis to protect future generations.
Today, nine European countries, alongside representatives from NATO and the European Commission, are meeting in Hamburg for the third North Sea Summit to act on this shared understanding.
Together, we can seize the North Sea’s vast potential as a clean energy powerhouse — harness its natural resources, skilled workforce and highly developed energy industries to lead the world in offshore wind, hydrogen and carbon capture technologies.
Three years ago in Ostend, our countries united behind a pioneering goal to deliver 300 gigawatts of offshore wind in the North Sea by 2050. Today in Hamburg, we will double down on those commitments and pledge to jointly deliver shared offshore wind projects.
With around $360 billion invested in clean energy in the EU just last year, and wind and solar overtaking fossil-fuel-generated power for the first time, this is an historic pact that builds on the clean power momentum we’re seeing all across Europe. And this unprecedented fleet of projects will harness the abundant energy waiting right on our doorstep, so that we can deliver cheap and secure power to homes and businesses, cut infrastructure costs and meet rising electricity demand.
