EU renewables deployment: 78 GW → ~90 GW
Europe deployed 78 gigawatts of new renewables the year before last and close to 90 gigawatts last year; 1 GW powers approximately 1 million homes.
Snapshot · The Rest Is Politics
547. The Truth About Russian Oil, Net Zero, and North Sea Drilling
Explore episode
Jun 24, 2026
Where this was said
North Sea Drilling: Climate Recklessness or National Security?
At 19:50 · chapter starts 17:35
The North Sea question is the most politically charged of the episode, and Dan Jørgensen's answer is unambiguous: stop drilling and build wind turbines. Denmark, he reveals, was the EU's largest oil producer when he was minister and chose to end all future licensing rounds. [1] — Dan Jørgensen "Denmark was the EU's biggest oil producer when it decided to stop all future North Sea oil and gas licensing. The economic calculus was str…" 17:35 The decision was primarily driven by climate, but economic analysis supported it: the investments required to explore and extract the remaining small reserves simply couldn't compete against falling renewable costs. He argues the North Sea's true value lies in offshore wind — the capacity to generate electricity for the whole of Europe — rather than a few more years of diminishing oil extraction. Norwegian PM Jonas Gjærstøre's counter-argument, that Norway should be allowed to supply Europe's security needs, is addressed in the following chapter.
Should Europe Drill in the North Sea? Denmark Said No — Here's Why
Denmark was the EU's biggest oil producer when it decided to stop all future North Sea oil and gas licensing. The economic calculus was straightforward: the investment required to extract dwindling reserves couldn't compete with falling renewable prices. Wind, not oil, is the North Sea's future.
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