Easing the energy transition for European industries: Creating a green industrial economy

With a large majority of member states aiming to achieve climate neutrality by 2050, the demand for sustainable energy is set to exponentially increase in the coming decades. This transition calls for a restructuring of Europe’s supply network and a swift modernisation of member states’ energy infrastructures and its interconnectivity as set out by the Energy Union. With current market trends pointing to an increase in electricity demand, there’s also a growing need for forward-looking energy frameworks, such as those in relation to Guarantees of Origin (GO) and corporate Power Purchase Agreements (PPAs).
Policymakers have a key role to play in making sure that industries actively contribute to the EU’s ambition of net zero emissions by 2050. Industry leaders are calling for a better integration of Europe’s world-class environmental policies with the ambitions of the Energy Union. Additionally, immediate and sustained investment over the next investment cycle will help ensure that the EU is home to forward-thinking, green corporations.

• What policies should be advocated by the incoming EU mandate to ensure a sufficient supply of green energy to European companies and a smooth energy transition?
• How can EU companies remain competitive while also complying with EU 2030 renewable energy targets?