Description
The EU depends on imported fossil fuels (gas, oil and coal) for about 56 % of its energy needs (gross energy consumption), which in 2021 represented an energy bill of around EUR 300 billion. The domestic production of renewable energy sources has increased significantly in recent years to 22 % of total demand. The European Union can aspire to achieve energy independence through the deployment of existing and emerging technologies. Electrification, renewables and energy storage could reduce EU's reliance on conventional fossil fuels. What are the developments, expectations, concerns and societal implications associated with these technologies? What initiatives and policies can lead to a resilient EU energy system by anticipating impacts?
The copper market has recently been showing unusual instability. New EU legislation, though not always directly related, seems to be having a significant impact on copper prices. This is the case for the Chips Act and the Critical Raw Materials Act - designed to make EU industry more resilient by...
Published 10/18/24
Electrification is gaining momentum across many sectors, including transport, buildings and industry, driven by the EU's climate ambition and security of supply. As the cost of renewable energy technologies like solar and wind continues to fall, electrification presents an opportunity to reshape...
Published 09/13/24