4th Franco-German Energy Forum - Financing the European Energy Transition – Costs, benefits, markets

Financing the European Energy Transition – Costs, benefits, markets

• Date: 18 November 2021
• Location: Online
• Organiser: Franco-German Office for the Energy Transition, in cooperation with the French Ministry of Ecological Transition (MTE), the German Federal Foreign Office and the German Federal Ministry for Economic Affairs and Energy (BMWi)
• Languages: German, French & English with simultaneous interpretation
• For registration: please click here

The recent years have brought about profound changes all around the world, especially in the energy sector. The curtailment of public life in the wake of the Covid-19 pandemic has resulted in a sharp decline in energy demand. While demand, especially for fossil fuels, plummeted in 2020, renewable energies, despite the lockdown and recession, continued their growth and, for example, met about half of the electricity demand in Germany. However, when looking at total energy consumption, renewables only account for just under 20% - the same is true for France.

Increased energy and climate policy ambitions were formulated at the European and national level to ensure that this share will increase rapidly. These higher targets, volatile markets, innovation and falling prices for green technologies, as well as constantly changing framework conditions at various political levels, are more than ever raising the question of how to finance the energy transition:

• How should the energy system of the future look like and how to design its transformation?
• How can the costs of the transformation be distributed fairly?
• Which factors are decisive for this process and which actors must interact now as well as in the future to promote change?
• How can synergies from free-market innovation and political planning security be generated and increased?

During a Franco-German lunch, young climate activists from France and Germany will discuss with Members of the European Parliament to what extent the raised European ambitions for climate protection are appropriate and which measures are necessary in relation to the energy transition to implement these goals in a socially acceptable manner.

For registration: please click here