Energy Transition

How much will it cost Europe to switch to clean energy by 2050?

Europe could soon find itself no longer reliant on fossil fuels Image: Unsplash/Andreas Gücklhorn

Victoria Masterson

Senior Writer, Formative Content

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What's the World Economic Forum doing about the transition to clean energy?

Image: Twitter/@BloombergNEF

A chart showing total primary energy by fuel and energy-related CO2 emissions, Europe, Economic Transition Scenario
Fossil fuels continue to make up 60% of Europe’s energy mix by 2050 under BNEF’s Economic Transition Scenario. Image: BloombergNEF

A chart showing total primary energy by fuel and energy-related CO2 emissions, Europe, Net Zero Scenario
Europe could cut its fossil fuel use to zero by 2050 in a scenario that sees a push towards electrification and green hydrogen. Image: BloombergNEF

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A chart showing cumulative capacity required to produce green hydrogen in the Net Zero Scenario, Europe
Europe can only achieve a major increase in green hydrogen production by adding significant amounts of wind and solar power. Image: BloombergNEF
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Related topics:

Energy TransitionSustainable Development

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December 1, 2022

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