Europe could find itself on the losing side of a rapid energy transition if the Iran conflict disrupts global oil and gas supplies, warns Sverre Alvik, energy transition director at DNV. Alvik told E24 that the crisis may push European nations to accelerate plans to phase out fossil fuels faster than anticipated. The warning comes as geopolitical tensions in the Middle East raise concerns over long-term energy security.
Alvik said the energy shock from potential supply disruptions would likely speed up Europe’s shift toward renewable energy and alternative sources. He noted that while Europe has been moving away from fossil fuels, the current crisis could force the pace of change. "The sum is a quicker transition," Alvik said. His comments reflect growing unease among energy analysts about Europe’s vulnerability to supply shocks.
The conflict in Iran has already contributed to volatility in global oil markets, with prices fluctuating in response to threats of disrupted shipments through the Strait of Hormuz. European governments have cited energy security as a key reason for accelerating their clean energy policies. The European Commission has set binding targets to reduce reliance on Russian gas following the Ukraine war, but the Iran conflict adds new uncertainty.
Industry experts say Europe’s energy transition could face both risks and opportunities. While supply disruptions may drive up costs in the short term, they also create pressure to invest more in solar and wind power. Analysts at DNV project that Europe’s renewable energy capacity could grow faster than expected if current trends continue.
Alvik stressed that the transition must be managed carefully to avoid economic strain. "We need a balanced approach," he said. "Cutting fossil fuels too quickly without proper infrastructure could lead to shortages and higher prices."
Source: e24.no