The 2023 edition of the Euromed Summit will be dedicated to "Energy transition in the Euro-Mediterranean region". While gas will continue to play an important role in the energy mix on both shores of the Mediterranean, the region is also blessed with great renewable potential – increasingly attracting public and private stakeholders. The planned subsea power link between Egypt and Greece illustrates the increased interest to invest in green energy to stabilise energy prices and to improve supply security. The potential benefits of a successful north-south cooperation in the area of renewables are significant with an increase in employment and better access to energy in fragile regions.
In addition, the participants of the Euromed Summit 2023 will discuss the topic "Water scarcity and desertification", an issue closely linked to energy transition. The Mediterranean region is strongly exposed to climate change and faces fast-rising temperatures, water scarcity and desertification. Energy transition plays an important role in climate change mitigation on both shores of the Mediterranean. In addition, the production of renewable energy is much more water-efficient than the production of energy by coal or nuclear power plants. Renewable energy also allows for decentral water filtration plants in areas not connected to electricity grids.