Ministers can prioritise a zero-emission electrification framework with an expanded and modernised grid for the 2024-2029 term. The decarbonisation of the power generation can reduce electricity prices by 12% and households energy bills by two-third by 2035.
#StrategicEU #EU2024BE 2/2
Today, EU energy ministers discuss ways to strengthen #energy infrastructure. Investments in electrification, renewables, grid and energy efficiency are key.
Our report shows shifting from #FossilFuels to renewables saves €850 billion on imports by 2040. bit.ly/3JdDeka
#StrategicEU 1/2
💡 Wir freuen uns auf den spannenden Austausch nächste Woche!
#EUGreenDeal #StrategicEU #EU2040
Planning the next phase of the European Green Deal is imperative for strengthening economic security and cohesion within the EU. ➡️ Stay tuned for our report tomorrow. #StrategicEU 3/3
By embracing renewables and improving energy efficiency, the EU can reduce average electricity prices. Stay tuned for our new report that will give you all the details. #StrategicEU 3/3
An EU Industrial Strategy is a beacon for leading in net-zero transformation. By fostering innovation and financial support, the EU can aim to re-industrialise, creating quality jobs and setting global standards. #StrategicEU 3/3
The potential for cooperation and investment is big in countries like Colombia or Namibia. Stay tuned for our new report to learn more about how new economic partnerships can become a priority for the EU in 2024-2029. #StrategicEU 3/3
To bridge the financial divide, the EU needs a new financial architecture. Unlocking investments in reindustrialisation and the net-zero transition is necessary to drive innovation and economic prosperity across the continent. #StrategicEU 3/3
Industry and households benefit from low energy prices. The next policy cycle can focus on electrification and decarbonising power by 2037. Stay tuned for our report that shows what this means for electricity bills. #StrategicEU 3/3
With a robust industrial strategy, the EU can foster quality job creation and a just transition. Investing in green technologies and reindustrialisation ensures its economic future. Stay tuned for our new report on the effect of an European Industrial Strategy. #StrategicEU 3/3
3/4 More benefits include:
✅affordable energy for companies and households,
✅less imports through circularity,
✅the opportunity to re-industrialise regions that are facing multiple transitions. Read our report on a 90% target by 2040 and #StrategicEU ➡️ bit.ly/StratP2040
1/4 The Commission's proposal for a 90% climate target for 2040 was published in February. It includes a range of strategic choices that will define the future of Europe. Today's #EUCO is the first opportunity for leaders to discuss them. #StrategicEU
2/ The pathway includes -80% in fossil fuel use for energy by 2040, but individual trajectories for coal, oil, and gas are not specified. While this signifies a positive initial step towards energy security, more comprehensive planning can yield further gains. #EU2040 #strategicEU
2/ The pathway includes -80% in fossil fuel use for energy by 2040, but individual trajectories for coal, oil, and gas are not specified. While this signifies a positive initial step towards energy security, more comprehensive planning can yield further gains. #StrategicEU
3/ First, a “at least 90% emissions reduction” by 2040 is compelling. It can stimulate net-zero industries, drive #innovation, and strengthen the EU's economic security.
It will be achieved with half of the economy being electrified and a strong development of circularity. #StrategicEU
1/ Today, the European Commission unveils its proposal for an EU 2040 climate target. Setting a clear direction for the next 10-15 years is essential, giving predictability to investors and defining the next EU priorities. #EU2040 #StrategicEU
strategicperspectives.eu/top-10-items...
5/ Our recommendations are clear:
✅publish a thorough cost analysis,
✅keep abatement technologies to realistic levels,
✅don't bet too much on technologies in infancy stage (BECCS, DAC),
✅prioritise 'real' emission reductions.
#EU2040 #StrategicEU
1/3 A 90% reduction scenario holds immense potential for the EU to enhance its competitiveness. It can drive EU's zero-carbon leadership while re-industrialising regions facing multiple transitions. A new industrial strategy can help achieve this. #EU2040 #strategicEU
1/ Including a structural gas phase-out in #EU2040 climate target presents an opportunity for EU to bolster its energy security. By reducing dependency on unreliable partners and markets the EU can achieve enhanced stability in energy supply #StrategicEU
bit.ly/3u8rETM
2/ US-China competition for net-zero tech leadership highlights significant economic, geopolitical and security advantages from decarbonization. EU has opportunity to step up in the race by manufacturing zero-carbon technologies at home #StrategicEU
➡️ bit.ly/3Orw5zY
2/ Circularity, electrification and efficiency can be drivers of innovation and investments in the EU. Embracing these drivers will accelerate the transition to a zero-carbon economy and attract capital to support the development of cutting-edge technologies. #StrategicEU
