WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 128
What should Europe do to increase
its energy sovereignty?
The EDF net zero scenario brings sovereignty:
•
Fossil fuels, mostly imported, are declining in the energy
mix from 63% today to about 4% gas CCS-equipped.
•
Electricity produced locally in the 2050 mix, covering
60% of energy demand.
•
Europe has the potential to maintain or strengthen its
industrial leadership in several key technologies: nuclear
energy, wind turbines, heat pumps, and electrolyzer
factories now, and battery gigafactories in the near
future.
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Industrial issues:
Europe depends on imports, particularly from China, for
certain technologies and resources like solar panels and
critical raw materials. However, it has the potential to boost
its resilience in the future, for example, through recycling
initiatives as proposed by the European Critical Raw Materials
Act.
The Energy Transition presents a significant development
opportunity for European industry, provided it is supported
by proactive industrial policies at the European level. This
includes the effective implementation of the NZIA package
and strong support for European champions in the energy
sector—companies need to be large enough to compete
internationally. This approach requires an evolution of current
European competition policies.
Finally, the energy technologies industries are creating
jobs between now and 2050, including: 530K total FTEs for
nuclear; 320K for offshore wind; 650K for solar; 160K for heat
pumps; 150K for batteries in the 2030s, and many more for
electrolysers, gigafactories, and electric grids.
WEMO 2024
EDF European net zero scenario:
a pivotal step towards energy
sovereignty and net zero
Emissions in Europe (2/2)
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Geopolitical impacts will maintain
uncertainty in energy markets
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