If the EU is to succeed in reducing its greenhouse gas emissions by 95% by 2050, electricity will have to account for at least 60% of final energy consumption, a target that is achievable with annual growth of 1.5% in electricity consumption, while at the same time reducing the EU’s energy consumption by 1.3% per year, argues Eurelectric, the trade body of the European power sector, basing its claims on the findings of a study published on Monday 4 June.
“Decisive action on climate...