The 2020 European Commission report on energy prices and cost in Europe shows that energy costs shares in production costs are important for the energy-intensive manufacturing sectors (ranging from 3% to 20%). Carbon-neutral energy today is often 2 or 3 times more expensive than conventional energy.
Innovation may bring down these costs. But for our industry to remain internationally competitive in the transition to climate neutrality, we must have access to affordable clean energy.
Read the full policy brief here.