CERRE at ‘Matching EU Decarbonization Ambitions and Electrification Investment Needs Event’

On Tuesday 9 November, CERRE Director General, Bruno Liebhaberg, will moderate the panel discussion “Matching EU Decarbonization Ambitions and Electrification Investment Needs: is EU sustainable finance fit for carbon neutrality by 2050?”, organised by EDF.

To be Fit for 55 in 2030 and carbon neutral by 2050, electrification will be key. The share of electricity in final energy demand will be growing to 35% in 2030 and 60% in 2050 (versus 23% today). Significant investments are needed throughout the whole industrial value-chain: generation, infrastructure and distribution, to support the electrification needs of the energy system. To reach decarbonization, investments in end-use electrification, especially in transport and building, will have to increase from the current €627 billion a year to about €900 billion over the 2021-2030 period.

The EU taxonomy for sustainable finance aims at redirecting capital flows towards sustainable economic activities, by providing greater clarity to investors. It could become a powerful instrument for EU energy and climate transition to investing in areas most needed that are key for EU decarbonization objectives. For that reason, consistency between the EU taxonomy and the fit for 55 legislative frameworks is crucial to allow an ambitious, sustainable and cost-effective European climate transition.

For more information and registration click here.