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Growing geopolitical tensions combined with high dependencies on imported fuels, raw materials and technologies, are an increasing threat to European energy security. The weaponising of energy by autocratic regimes through trade disruptions, physical attacks on infrastructure, and growing numbers of cyber-attacks are increasing not only the risk of interruptions to Europe’s energy supplies but also energy prices. High and volatile energy prices are reducing investor confidence, jeopardising the competitiveness of European industries, and driving millions of vulnerable European households into energy poverty. The report emphasises the urgent need to address the growing threats to energy security and explains how this can be done by accelerating the transition to sustainable energy.