US EditionA Renewables-Based Energy System Will Save Europe €1.6 Trillion?
8 Articles
8 Articles
Energy policy is fundamental to European competitiveness and security and to achieving climate neutrality. It is a shared competition between the EU and its member countries as defined in Article 194 of the Treaty on the Functioning of the European Union and the savings of the renewable energy system is one of its ‘pillars’.
WindEurope study finds a renewable-based energy system can save Europe €1.6 trillion
WindEurope’s latest study, in cooperation with Hitachi Energy, has found that a system powered by renewable energy is the cheapest form of power generation, even after accounting for grid, storage, and backup costsWindEurope and Hitachi Energy have laid out the total system costs for five energy scenarios: four deliver net zero, and one ‘slow transition’ scenario in which Europe does not meet its climate targets.Of these scenarios, those that re…
An energy system based on renewable sources would save the European Union €1.637 trillion up to 2050 compared to a...
A report released today by the wind association WindEurope and the company Hitachi Energy concludes that an energy system based on renewable sources would save the European Union (EU) 1.637 million (billions) of euros by 2050, which would be equivalent to 9% of the EU's Gross Domestic Product (GDP), or the combined health expenditure of the community block. This conclusion compares a scenario of electrification and massive expansion of wind and …
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
