Electrifying Europe at the centre of the Draghi Plan
Update: 2024-10-18
Description
The former ECB President and Italian PM, Mario Draghi, recently presented a study he has conducted on behalf of the European Commission, on how to strengthen Europe's competitiveness and close the productivity gap with the US and China. Electrification appears at the core of the plan with half of the incremental investments suggested by the plan (~EUR450bn of EUR800bn per year) in clean energy and electric mobility.
In this week’s podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), delves further into the Draghi Plan which at face value should bolster increasing power consumption, lower the cost of capital for renewable activities and spur significant capex in power grids and clean energy.
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