The price of electricity will increase by 44% until 2030
According to research commissioned by the European Climate Foundation, the delay and barriers in the deployment of renewables could multiply the price of CO2 in the EU by 80%, with dire consequences for the wholesale market. If Europe does not cut its dependence on coal for energy, the price of electricity will skyrocket between now and the end of the decade . This is detailed in a report by the consultancy Aurora Energy Research - commissioned by the European Climate Foundation - which estimates the cost of CO2 could rise by 80% in the next decade if the slow expansion of renewables continues, which would have direct consequences on the wholesale market price. If coal continues to be an option in Europe and the penetration of renewables continues to be delayed, the price of electricity - due to the increase in the price of CO2 and the increase in generation through natural gas plants - will be 44 % higher in 2030 than it would be in a positive scenario where all States meet the go