An interesting examination of the current situation regarding energy issues, with Gabriele Ghio, geopolitical energy analyst, business consultant and Editor of The Energy Year.
Energy is one of the most current issues that affects social life, the economy and geopolitics.
Energy demand will increase by 50% between now and 2050; the energy transition will therefore play a fundamental role in the next quarter of a century.
The constant relationships between the actors of the two areas of the Mediterranean, on the one hand the Northern shore, made up of the EU member states, on the other the countries overlooking the Southern shore, despite the geopolitical tensions, are bringing the energy transition to a next level, thus ensuring greater energy security.
In recent times, the European Union has budgeted large investments for the energy transition in exporting countries, such as Morocco. The creation of appropriate infrastructure will ensure that the surplus of domestic energy needs can be transported to Europe; in this way energy becomes an instrument of cooperation and a lever of economic and social integration.
It is important to balance the gap that is present today between the two shores of the Mediterranean in terms of technological development for the creation of infrastructures and tools that allow less developed countries to equip themselves with technologies capable of promoting the energy transition.
The current oil requirement cannot be exhausted in a short time; however, this must ensure that the income derived from this sector is a driving force to encourage investments in the previously mentioned countries.
In conclusion, energy is one of the fundamental tools for the economy of certain countries and therefore also has an important political role for relations between the various Mediterranean countries.
