The COVID-19 pandemic drastically reshaped the political arena. According to the European Commission, the Green Deal will be the lifeline out of the crisis. It will be the essential growth strategy, starting up the economy in a more sustainable and circular way. In this regard, the 2050 greenhouse gas neutrality target will be more challenging – and important – than ever. Accordingly, industrial and production processes will need to be increasingly electrified and other sectors such as mobility coupled with the electricity system. However, for the transformation to have the desired environmental impact, electricity generation itself must be decarbonised, too. As green electricity demand in the EU will increase many times, electricity prices will become even more relevant for sustained industrial competitiveness. Against this background, the webinar looks at:

1) How will European electricity demand develop over the next decades?

2) How can sufficient provision of sustainable electricity best be achieved?

3) How to ensure energy prices that keep European industry competitive?

Roland Kube (Senior Economist, IW)

Doreen Fedrigo (Industrial Transformation Policy Coordinator, Climate Action Network, CAN)
Jörg Rothermel (Head of Department Energy, Climate Protection and Raw Materials, VCI)
Thor-Sten Vertmann (Member of Cabinet Commissioner Kadri Simson)

Want to rewatch the webinar? Had to leave the event earlier? Couldn’t join the Webinar in the first place? No problem. You can find a recording of the event here.

If you want to know more about the VCI study click The VCI Chemical Roadmap 2050.