Accelerating the green transition can lower energy prices in the long term according to EU Chief Scientific Advisors

Today, the European Commission’s Group of Chief Scientific Advisors (GCSA) published a statement in response to the dramatic increase of energy prices in Europe in recent months. In their statement, the Advisors point out that accelerating the transition towards a low-carbon energy system is a solution that can lower energy prices in the long term.

The Advisors stress the need to achieve a fair and effective clean energy transition to mitigate the climate crisis, while protecting those who are in danger of suffering from energy poverty. To achieve this, Europe must put people at the centre of energy policy and rally the whole of society behind this common goal. Reacting to high energy prices plays a pivotal role and should involve immediate support for households at risk of energy poverty along with investments to increase the share of low-carbon energy production in the long term.

Professor Nebojsa Nakicenovic, Deputy Chair of the Group of Chief Scientific Advisors and lead Advisor for the Statement:

“As high energy prices threaten millions of Europeans at risk of energy poverty, achieving a high share of affordable, sustainable and renewable energy is more important and urgent than ever. This must be done with a people-centric approach, not leaving anyone behind.”

The statement was prepared following a request from the Commission’s Vice-President for Interinstitutional Relations and Foresight Maroš Šefčovič. It resonates with the recent Commission Communication on energy prices published on 13 October, which includes a “toolbox” that the EU and its Member States can use to address the immediate impact of current prices increases, and further strengthen resilience against future shocks. In particular, the Advisors support the proposal to invest carbon-pricing revenue in addressing energy poverty, spurring innovation, and creating employment.

The Statement is based on the Advisors’ June 2021 Scientific Opinion A Systemic Approach to the Energy Transition in Europe, and informed by the Evidence Review Report by SAPEA.

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