In Short
The Situation: The European Commission
("EC") recently unveiled its dual strategy plans to
transform Europe's energy system. The European Union's
("EU") Energy System Integration Strategy and Hydrogen
Strategy aim at a fully decarbonized, more efficient, and
interconnected energy system.
The Context: These strategies were adopted
against the twin background of the European Green Deal (toward
boosting efficient use of resources by moving to a clean, circular
economy and halting climate change) and the Next Generation EU plan
(toward fostering EU recovery from the COVID-19 pandemic).
Looking Ahead: Europe aspires to become the
first climate neutral continent by 2050 through deep
decarbonization of all sectors of the economy and greater
reductions in greenhouse gas emission by 2030, while promoting job
growth and green technology.