A leaked draft of the EU’s 2050 energy road map reveals a huge shift from fossil fuels to renewable energy in the coming years. But as a consequence, electricity prices in the EU will increase over the next two decades before stabilizing in 2030.The purpose of the EU’s energy road map is to chart out how Europe will reduce its carbon emissions more than 80% by 2050. Currently, the EU derives most of its energy from fossil fuels, but according to the draft: “this has to change.”
The draft delves into various energy scenarios, depending on which policy measures are implemented in the next few years. Some of the scenarios take into account various types of renewable energy, technological advancements in efficiency, a potential delay in the implementation of carbon capture and storage, and various levels of nuclear integration.
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