Scaling up renewable electricity sources across the EU could reduce electricity generation costs, improve energy independence, and support the transition towards clean industry, according to a European Environment Agency (EEA) report published today. At the same time, accelerating the electrification of heating, transport and industry is needed to support Europe’s clean and competitive future.
The EEA report ‘Renewables, electrification and flexibility — for a competitive EU energy system transformation by 2030’ finds that the European Union has already demonstrated its ability to shift away from fossil fuels, with electricity-sector CO2 emissions dropping significantly over recent decades. In comparison, progress in decarbonising heating and transport, where gas and oil consumption dominate, is slower.
In 2022, higher gas prices doubled the EU energy import bill, bringing it up to 4% of GDP. The report underscores that renewables, particularly solar and wind, offer a sustainable path toward increased energy independence.
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