Energy in the EU Will Remain Expensive Under Net-Zero Scenario

Energy will remain expensive in the European Union even under a best-case net-zero scenario, the bloc’s business association, BusinessEurope, has warned. According to a study by the association, electricity prices in the European Union would be at least 50% higher than the same prices in the United States and China by 2050 under a best-case scenario. In a scenario where the transition to net zero is delayed beyond 2050, BusinessEurope has estimated electricity costs in the bloc could surge to three times the prices in China or the United…