In a period of profound political change and heightened geopolitical uncertainty, Europe’s energy system stands at a critical inflection point. This report sets out a roadmap for how Europe’s energy system can evolve towards 2050.
Europe has long been – and remains – heavily reliant on imported fossil fuels, which account for around 40% of total energy demand and cost approximately EUR 250 billion annually. This dependency leaves the energy system structurally exposed to external supply shocks and geopolitical risks, underscoring the need to strengthen European energy security.
Our analysis shows that Europe has a realistic path to deliver the energy transition while lowering structural energy costs through electrification and strengthening strategic autonomy and long‑term competitiveness.