The electrification of the energy system plays a key role in the 2050 decarbonization goal of Europe. To achieve net-zero, investments in electricity generation capacity are required in the European Union's countries and the United Kingdom. Three climate neutrality scenarios, forecasting different levels of electricity capacity installed in the EU by 2040, indicate that annual investments in the electrification of the energy grid should range between 82 billion euros (according to the Fit for 55 scenario, the most moderate one) and 117 billion euros (according to the Radical Action scenario).
Electricity generation capacity investments required annually for decarbonization in the European Union and the United Kingdom between 2020 and 2050, by scenario
(in billion euros)
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Energy Monitor. (June 20, 2023). Electricity generation capacity investments required annually for decarbonization in the European Union and the United Kingdom between 2020 and 2050, by scenario (in billion euros) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1396224/annual-electricity-capacity-investments-by-scenario-european-union-and-united-kingdom/
Energy Monitor. "Electricity generation capacity investments required annually for decarbonization in the European Union and the United Kingdom between 2020 and 2050, by scenario (in billion euros)." Chart. June 20, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1396224/annual-electricity-capacity-investments-by-scenario-european-union-and-united-kingdom/
Energy Monitor. (2023). Electricity generation capacity investments required annually for decarbonization in the European Union and the United Kingdom between 2020 and 2050, by scenario (in billion euros). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1396224/annual-electricity-capacity-investments-by-scenario-european-union-and-united-kingdom/
Energy Monitor. "Electricity Generation Capacity Investments Required Annually for Decarbonization in The European Union and The United Kingdom between 2020 and 2050, by Scenario (in Billion Euros)." Statista, Statista Inc., 20 Jun 2023, https://www.statista.com/statistics/1396224/annual-electricity-capacity-investments-by-scenario-european-union-and-united-kingdom/
Energy Monitor, Electricity generation capacity investments required annually for decarbonization in the European Union and the United Kingdom between 2020 and 2050, by scenario (in billion euros) Statista, https://www.statista.com/statistics/1396224/annual-electricity-capacity-investments-by-scenario-european-union-and-united-kingdom/ (last visited December 23, 2024)
Electricity generation capacity investments required annually for decarbonization in the European Union and the United Kingdom between 2020 and 2050, by scenario (in billion euros) [Graph], Energy Monitor, June 20, 2023. [Online]. Available: https://www.statista.com/statistics/1396224/annual-electricity-capacity-investments-by-scenario-european-union-and-united-kingdom/
