The climate crisis requires a fundamental transformation of our energy systems. The energy price crisis, triggered by the Russian war of aggression on Ukraine, has once again highlighted the urgency of diversifying our energy sources. But it has also raised questions, both in the media and politically, about whether the European strategy of making many of these decisions in markets is adequate for our time’s challenges. Alternatively, solutions with more collective and planning elements are often proposed: renationalisation of energy companies, price caps and floors, or state provision for energy storage.

But how do these different ideas of organizing the economy affect climate mitigation? Are European energy markets climate-proof? What measures are already in place at the European and national levels to promote the energy transition - and which are still needed? Where do we stand today in the energy transition in Europe? What are the most significant challenges? What will future climate-neutral energy systems look like - and can they also function under today's market rules? These questions are the focus of the 8th ClimateLecture.

After a keynote speech by Johannes Schmidt, Associate Professor in Energy & Resource Economics at the University of Natural Resources and Life Sciences Vienna and a member of the Young Academy of the Austrian Academy of Sciences, representatives of Die Junge Akademie will discuss these issues with him and the guests in attendance.