International Energy Agency Warns Europe's Slowness in Electricity Transition Is a "Grave Mistake" Threatening Competitiveness
A report from the International Energy Agency warns of Europe's slowdown in the transition to electricity, noting that the electrification rate is around 23%, which falls short of the 32% target set for 2030, despite Europe's heavy reliance on oil and gas imports. The report emphasizes that this slowdown threatens the European Union's competitiveness and economic sovereignty, highlighting the need to accelerate the transition to reduce dependence on fossil fuels and imports, especially following the Russian gas supply crisis. The European Commission plans to implement measures to boost the use of renewable energy and lower electricity bills, though infrastructure challenges continue to hinder the expansion of clean energy sources.
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