Finland's security of supply and Russia’s ability to influence through energy under energy transition

The most critical factor for Finland's security of supply is the safeguarding of fuel logistics and the functioning of the electricity grid going towards 2040.

Transitions in energy markets and new technologies can have a significant impact on geopolitical balance and national security by affecting countries’ energy trade, economy and security of supply. For example, combatting global climate change has already had and will continue to have an impact on the demand for hydrocarbons. Decreasing demand can put financial pressure on countries with economies dependent on export of hydrocarbons (coal, oil and gas), and this may create political instabilities. Simultaneously, political decisions to financially support energy production from renewable sources, mainly wind, have reduced countries’ dependency on fossil fuel imports and paved the way for a wave of countries’ own competitive renewable energy sources.

This policy brief is based on the third phase of a three-phase study on changing geopolitics of energy conducted in cooperation with Pöyry Management Consulting Oy and Aleksanteri Institute of the University of Helsinki, and finalised at the end of 2017.

• Finland's security of supply and Russia’s ability to influence through energy under energy transition

  (30.01.2018)