The challenge – secure, sustainable and affordable energy
Providing secure, sustainable, competitive and affordable energy for all is a major challenge, and is essential to economic growth and prosperity in Europe.
Securing energy supplies for the future while reducing greenhouse gas emissions and improving energy efficiency represents one of the biggest challenges for Europe and the world. It will only be achieved by huge collaborative efforts. The EU’s Energy Union strategy and the UN Climate Change Conference in Paris have set the agenda. One priority is to increase security and solidarity of supply in the EU’s internal market. This will require not only less dependence on imports, but also the ability to store energy in large volumes. Reducing consumption at the same time as decarbonising the energy mix does not simply mean conserving resources – it demands improvements in efficiency, and enabling renewable and conventional energy sources to work together. Given the fact that energy demand continues to rise worldwide, these goals will be hard to achieve without intensive research and development.
For years, RAG has been working on innovative solutions that take account of changes in energy policies and the situation in the energy industry.
These efforts are based on three pillars:
- Supporting the expansion of renewable energy sources by increasing gas storage capacity – which also plays an important part in strengthening security of supply in Austria and Europe
- Facilitating and accelerating decentralised, renewable, energy-efficient generation that exploits synergies, from thermal generation and geothermal projects to natural gas vehicles, as well as the development of sustainable, forward-looking technologies such as power to gas, which makes it possible to manufacture synthetic gas from wind and solar energy
- Energy-efficient production of domestic crude oil and gas, in line with the highest technological standards, to supply industrial and private consumers in nearby regions, thereby reducing imports and safeguarding the environment thanks to shorter transportation distances
This allows RAG to support the goals of the Energy Union and the Paris Climate Change Conference, as well as making an important contribution to sustainable, secure and affordable energy supplies.