Europe has pledged to reduce its dependence on Russian fossil fuels by expanding renewable energy by 2027. As the EU seeks climate neutrality by 2050, this shift away from oil and gas was already a key goal before the war in Ukraine. But how realistic and affordable are the latest plans? The energy crisis has exposed the vulnerability of European power markets. In January, the EU started talks on market reforms to better protect consumers from price shocks. In 2022, the industrial sector will account for 25% of Europe's final energy consumption, making it the third largest consumer after transport (29%) and households (28%). The question is how can the EU overcome these challenges? Check out the links below to learn more about the subject..
