L R AS Published on Tuesday 12 April 2022 - n° 401 - Categories:Europe

DNV has little faith in energy change in Europe by 2030

DNV adds its voice to the assertion that the war in Ukraine will help to speed up the installation of renewable energies. It estimates that gas consumption will be 9% lower in 2024. Greenhouse gas emissions will fall

by 2.3% in Europe between 2022 and 2030. Europe will produce 12% more gas by 2030. Russian gas exports will fall, and the Asian market will not be able to compensate for the loss of the European market. The economic squeeze on commodities will prolong the high cost of electricity and increase the price of batteries.

34% of Europe's energy mix will come from non-fossil fuels in 2024, two percentage points more than in the pre-war forecasts for Ukraine.

The strongest growth expected will be in solar energy

For consumers, there is no immediate end in sight to high electricity prices. In 2024, electricity prices in Europe will be 12% higher than they would have been if the continent had not moved away from Russian energy. The rising cost of raw materials will also have an impact on the adoption of electric vehicles, as the cost of batteries rises.

https://tecsol.blogs.com/mon_weblog/2022/04/une-nouvelle-analyse-montre-que-la-guerre-en-ukraine-donnera-un-coup-de-booster-au-solaire-en-europe.html

Tecsol of 6 April 2022

Editor's note According to DNV, the decline in fossil fuels will be slow over the next few years in Europe. There will therefore not be the rush to renewable energies that some people are hoping for. As a result, electricity prices will remain high. This implies that life in Europe will remain much the same as it was before the war in Ukraine, and that there will be no sudden awareness of a change in the economic climate. Is this good or bad?

In other news, Russian gas reduces the cost of electricity

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