To achieve the EU’s transition to 100% renewable energy by 2040, several crucial steps are necessary. Firstly, there must be strong political will and public support for renewables, accompanied by private investments primarily from the energy and industrial sectors. Encouraging divestment from fossil fuels and promoting renewable energy sources is essential for a cleaner and more sustainable future.
Legislation plays a key role, and the EU must continue adopting and enforcing measures that enhance energy security, promote energy efficiency, and reduce emissions. That’s why we have been pushing for strong targets when it comes to increasing renewable energy and decreasing the EU’s energy consumption. Additionally, with the RepowerEU plan, targeting a shift away from Russian fossil fuels, we demonstrate a commitment to both environmental sustainability and geopolitical security.
Green initiatives, such as accelerating building renovations and reducing methane emissions, contribute to achieving a low-carbon economy. We have also always emphasised that we need to protect consumers and prevent market manipulation in the energy sector at all cost.
Looking ahead, we propose a phased coal phase-out by 2030, a fossil gas phase-out by 2035, and a complete transition to renewable energy by 2040. We see a green future with electrified transport and industry, prioritised energy efficiency, empowered citizens through energy communities, and substantial investments for a sustainable post-2024 EU.
Keywords: energy crisis, energy prices, energy cost, fuel bills, fossil fuels, renewable energy