The energy transition has driven the modernization of the European economy, promoted sustainable economic growth, and brought significant social and environmental benefits to European citizens. Overall, the EU is on track to meet its targets for greenhouse gas emissions, renewable energy, and energy efficiency. Ambitious targets for renewable energy and energy efficiency have been set for 2030, and new regulations have been adopted to ensure that these targets are met in a cost-effective manner, while keeping energy prices competitive and maintaining the EU’s high level of security of supply.
However, the 2030 targets are only interim targets—they help the EU get on track to meet its commitments under the Paris Agreement. The Commission’s long-term strategy encompasses the economic and societal changes required to achieve the transition to net-zero greenhouse gas emissions by 2050, and the European Green Deal aims to further reduce emissions by at least 55% by 2030.
For the EU to maintain or even accelerate the pace of the energy transition, it is necessary to look beyond the “traditional” perspective and the energy sector to other trends, scientific findings, and sectors, and to scan the horizon for (potentially) relevant technologies and innovations that can contribute to the energy transition. Multidisciplinary and cross-sectoral monitoring, analysis, and debate on new technologies and innovations are required to ensure appropriate policy measures to support the energy transition and to incorporate them into structural dialogues with stakeholders (e.g., regarding energy market regulations, infrastructure, research, and innovation).