Focus
Transformation.
Energy and raw material transformation
Wars as well as the economic competitive situation with China, raw material capacities are turning the global economy and especially the energy policies of societies and companies upside down in addition to the goals of the Paris Climate Conference. Their priorities must be rebalanced, the transformation processes must be viewed more from a geopolitical and geoeconomic perspective. We are increasingly forced to rebalance the priorities in the energy policy triangle of sustainability, competitiveness and security of supply in the medium to long term. With regard to security of supply and competitiveness, we must take two long-term implications into account in our decisions:
1.
Geopolitically, energy transformation and securing raw materials are inevitably gaining in importance, not only with regard to Russia: techno-political and regulatory competition with the USA and China, securing critical raw materials and supply chains, new dependencies, building resilience and securing industrial location must be considered more strongly. The energy transformation can no longer be viewed only from a climate policy perspective.
2.
Geo-economically, we are facing a medium- to long-term increase in dependence on ports and maritime energy trade as well as on the volatile global gas and hydrogen market. In addition, there is the rapidly growing market in energy storage, wind and solar energy and geothermal energy.
These developments have immediate microeconomic and political implications. The strategic and operational orientation of companies and states must be readjusted. It is therefore important to adapt to this disruptive situation and the parallel convergence phase of digitalisation in good time by adapting and forming new cooperation networks and alliances. We accompany such processes and are at your disposal with our capacities.
