Eurelectric and Energy-intensive industries call for an ambitious and comprehensive EU Industrial Strategy to enable industry’s contribution to the EU long-term GHG goals.
Europe’s Energy-intensive (EIIs) and electricity industries have responded to the European Commission’s call for contribution to the EU Long Term Strategy by commissioning and publishing two reports examining pathways and scenarios for long-term EU greenhouse gas (GHG) emissions reduction in industry and power generation to enable the low-carbon transition.
The report from VUB/IES commissioned by the EIIs and the report from Eurelectric with analytical support from McKinsey give unique insights into the untapped potential, but also the very real challenges, of the deep industrial and energy transition that are central to the EU strategy.
The two studies show that low carbon & carbon free electricity is, by a wide margin, the most important resource needed for the GHG emissions reduction strategy of Energy-Intensive Industries. Both reports make clear that a new and integrated EU industrial strategy is required to facilitate the transition to a low-carbon economy in the EU.