Energy economic developments in Europe
Since 2008, the EU has made a huge leap forward in promoting the transition to a low carbon economy. Energy costs matter but the EU manufacturing has been successful in reducing its energy intensity. High energy prices should remain a concern, taking account of the increasing EU-US energy price gap. Market opening in electricity and natural gas has brought significant downward price effects. Renewable support has contributed to increasing electricity prices while renewable production, among other factors have negatively affected carbon prices. Compared to the rest of the world, the EU has been... successful in developing wind and solar energy. The EU has developed strong positions in the wind equipment sector but the fuel costs avoided by renewable developments are still too low.
- Corporate author(s): Directorate-General for Economic and Financial Affairs (European Commission) Themes: Environment — Ecology, Energy policy
- Subject: climate change policy, competitiveness, electrical energy, energy consumption, energy demand, energy policy, energy saving, energy technology, energy use, natural gas, price of energy, renewable energy, soft energy
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