European Energy Sector: Large Investments Required for Sustainability and Supply Security

Abstract

For the European Union to keep on track with its energy and climate targets, large investments are required in electricity generation, infrastructure and energy efficiency. The electricity sector takes the center stage. This article delivers an overview of several estimates of the investment requirement in the European energy sector and estimates the total required investment expenditures until 2030. To ensure the financing of these investment expenditures, further adaptation of the legal framework in the European member states is necessary; even most importantly, the regulatory framework of cross-border infrastructure projects needs to be improved.