Energia
Eurelectric: Game over for fossil fuel imports
"We must accelerate the electrification of our economy to regain our independence, enhance energy security and fight climate change."
Today, the electricity industry unveils its recommendations for how to ensure that the EU becomes energy independent while decarbonising the economy:
The power sector is heading towards having 85% of EU electricity carbon-neutral by 2030. Yet, incremental additions of renewable capacities are not enough to install anywhere between 550 GW and 1268 GW (RePowerEU) of green energy. Fast-tracked permitting for renewables and a skilled workforce are essential to ensuring this transition.
Electrification is undeniably the optimal solution to tackle the energy and climate crises. It is essential to fast-forward dramatically stagnating electrification rates and bolster the deployment of heat pumps, electrolysers, smart charging infrastructure and storage solutions.
Nearly € 1200 bn are needed by 2030 to install the necessary clean energy capacity and ensure that grids can optimally support a carbon-neutral, decentralised and electric future. Yet, investors face a challenging market: distortive wholesale market interventions, "clawback" mechanisms and retail price caps deter investment in the energy transition and harm security of supply. We must safeguard the integrity of the energy market.
In times of high energy prices and volatility for consumers, it is essential to properly address the question of energy affordability for customers, speed up energy efficiency measures and ensure the social acceptance of the energy transition.
Consult Eurelectric's "Game Changers" webpage for a data-rich report, the full "Policy recommendations for a carbon neutral, energy sovereign Europe " and a series of infographics.