Russia’s invasion of Ukraine was a wake-up call for Europe regarding its levels of dependence on the energy and metals fronts, and the associated threats this posed to its competitiveness. Meanwhile, the need to decarbonize the economy has become ever more pressing. What is needed now, is the look ahead on the road towards a decarbonized energy system in a competitive Europe. We would like to discuss with you main challenges and chances and the role that individual members states and the EU should play on this road.