The summit aims to strengthen regional cooperation to increase the energy security of the area in the context of the Russian aggression against Ukraine. The meeting is motivated by the desire of the countries of the Baltic Sea region to move away from Russian energy as soon as possible and replace it with renewable energy, in line with the green transition and climate targets.
On my way to the Baltic Sea Energy Security Summit in Copenhagen. Looking forward to fruitful discussions with the regional leaders, finding the best solutions how to strenghten the regions energy security and independence from Russian energy.— Krišjānis Kariņš (@krisjaniskarins) August 30, 2022
Round-table discussions will discuss the development of the Baltic Sea’s offshore potential to boost Europe’s renewable and domestic energy production, as well as how to integrate grids and markets across the region to strengthen energy security cooperation.
According to the European Commission, tapping into the region’s wind power potential will significantly contribute to the EU’s energy security by taking it closer to the EU target of 300 GW wind power by 2050. Investments in offshore wind can accelerate the further integration of renewables in the European power grid and energy systems, strengthening the EU's common resilience and green ambitions.
The Summit follows the momentum generated by the North Sea Summit in Esbjerg, Denmark, which took place on 18 May 2022. It also builds on the long-standing and effective energy cooperation in the region through the Baltic energy market interconnection plan.