Eurelectric, calls on policymakers to establish a policy framework that meets the necessary conditions for a just energy transition while preserving the competitiveness of the European economy. As the European Commission prepares to release the announced European Green Deal, Eurelectric highlights the critical value of eight key enablers, in a position paper released today.
Kristian Ruby, Secretary General of Eurelectric said at the release of the call:
“The EU electricity industry is ready to go bold on decarbonisation. Accelerated electrification is critical for Europe to go climate-neutral and reach a reduction target of up to 55% by 2030. But bold targets must be accompanied by bold measures.”
Detailing the necessary measures, he explained that a proper technology-neutral investment framework is important in the power sector, but that action will be needed in all sectors. Deepened electrification relies on improved energy taxation, carbon price signals across the economy, better building policies and a swift infrastructure rollout in the transport sector. And, importantly, the transition should leave no one behind.
“The political litmus test will be how much money is allocated for the just transition. The 100 billion that was floated by Von der Leyen shows that Commission is taking it seriously. But the figure still pales against the actual investment needs. At least part of the money needs clear ring-fencing in the EU budget.” he further added.