Minister of Energy Žygimantas Vaičiūnas: Each Country is Looking for its Future Energy Success Story

Date

2018 05 17

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Minister of Energy Žygimantas Vaičiūnas attended the 10th European Economic Congress that was held in Katowice, Poland this week. Together with Polish Minister of Energy Krzysztof Tchórzewski, European Parliament member Claude Turmes, and representatives of the major Polish and European energy companies, Minister Vaičiūnas participated in a discussion on the European energy policy and energy industry.

During the discussion, the Minister of Energy said that the energy sector in Europe is undergoing a transformation driven by key factors such as climate change and energy digitisation and decentralisation, and that all countries are looking for solutions on how to adapt to the new changes.

“Technology and climate change are drastically altering the face of energy today. And while the challenges facing all countries are very similar, each country’s energy situation is different, so success stories are also developing differently. In recent years, Lithuania has taken a big leap in renewable energy and will continue on this path by becoming the first country in the European Union to transfer part of its renewable energy progress to another state – Luxembourg. Our neighbour, Poland, is focusing on the development of electro-mobility. Whichever way we go, it is important that the energy sector is safe and reliable, the regulatory environment is stable, and the investment environment is favourable. And in the end, the expectations and needs of the final energy consumer, which are changing and growing and which we have to respond to with our decisions, are still at the very centre,” said Minister of Energy Žygimantas Vaičiūnas.

The discussion participants also spoke about energy security and the impact of EU regulatory policy on energy. It was discussed how technological innovations will affect energy and its production methods, as well as about the changing needs of energy consumers and distributed generation.

Significant attention was given at the congress to innovation and business start-ups. The Minister of Energy met with Diego Pavia, CEO of InnoEnergy, Europe’s largest sustainable energy accelerator. During the meeting, future cooperation was discussed, since opportunities have opened up now that the Ministry of Energy has joined the InnoEnergy network.

The European Economic Congress in Katowice was held for the tenth time and is the largest business forum in Central Europe. This year’s congress featured approximately 150 discussions and presentations on the most relevant topics for European business, industry and politics. Over 900 speakers participated. The congress was expected to draw in at least as many people as last year, when there were 9,000 participants.