Europe's Green Transition: High Cost, Slow Progress
Update: 2025-11-27
Description
Europes low-carbon economy transition faces challenges due to high electricity prices, hindering household adoption of clean technologies and hurting industries. Despite EUs goals, Europe is only on track to electrify a quarter of its energy use by 2030, falling short of the needed 32%. High costs make heat pumps unaffordable for many families and put European industries at a disadvantage against US and Chinese competitors. Europes slow electricity use growth, exacerbated by post-2021 energy market issues, risks a costly and politically tricky transition with limited real change.
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