Salon Z on the energy transition.

19. May 2021
Magnus Brunner

With energy out of the crisis: How can we make the energy transition smarter and more innovative?

In April, our virtual Salon Z  focused on the topic of energy transition. Therefore Dr. Magnus Brunner, LL.M., State Secretary at the Austrian Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology, did us the honor and discussed the current topic with us.

“The topics of climate protection, environmental and energy policy have been slightly pushed into the background by Corona. But right now, it is important and the time to set the course for a smart and innovative climate policy that also helps the business location. We want to intelligently design a sustainable energy transition and implement it, because the energy transition, if tackled properly, is a huge opportunity for our economy.” said Magnus Brunner.

Achieving the climate goals requires three major priorities:

1. Investments

The energy transition and the associated Renewable Energy Expansion Act (Erneuerbaren-Ausbau-Gesetz “EAG”) represent a huge innovation project for Austria and the domestic economy. The EAG has a volume of around 10 billion Euro for the next ten years and focuses on investments for a regional upswing.

2. Innovations

Renewable energies need the necessary infrastructure, new technologies, skilled workers and continuous development. Innovation is the key and the crucial factor for achieving the goals that have been set. Hydrogen will play a decisive role here. Over the next ten years, 50 million Euro will be invested in this future technology. It needs the energy turnaround in people´s minds and the economy as a strong partner in its implementation.

3. Cooperation

The energy transition can only succeed if there is cooperation at all levels and everyone pulls together.

You can find more detailed information here.