Energy in the EU Will Remain Expensive Under Net-Zero Scenario

Energy will remain expensive in the European Union even under a best-case net-zero scenario, the bloc’s business association, BusinessEurope, has warned. According to a study by the association, electricity prices in the European Union would be at least 50% higher than the same prices in the United States and China by 2050 under a best-case scenario.

“Securing energy at competitive prices will be central to preserving Europe’s industrial base.” This is essentially what the “inherent disadvantages” come down to lack of affordable energy to power industries and economic growth. Unlike the U.S.

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