Europe is heading towards an increasingly sustainable future. This is what emerged from the “Just E-volution 2030” report, which was prepared by Enel together with The European House - Ambrosetti. The study, which was presented in Cernobbio during the Ambrosetti 2019 Forum, emphasises that, over the course of the next few years, the energy transition is going to play an increasingly important role in improving both industrial production and employment. This will also have positive effects in terms of reducing related socio-economic costs. In his presentation, Starace ran over some of the key findings: according to the study, the growth in economic value of the electricity sector in the different scenarios (up to €199 billion Euro, in the EU) will produce a net increase in industrial production in the range of €113 to 145 billion (in the EU). The energy transition will enable the creation of new digital services characterised by a high development potential over the next years. This corresponds to an estimated value in Europe of about €65 billion. In terms of employment, it is estimated that by 2030 the energy transition will provide up to 1.4 million new jobs (in the EU).
It is essential to share the benefits of energy transition, supporting it through comprehensive measures which blend climatic, energetic, environmental, industrial and social aspects
Francesco Starace, Enel CEO
As for Italy, the net increase in industrial production is estimated at €14-23 billion, to which a further €6 billion added for digital services, with 173,000 of new job by 2030 (as opposed to 97,000 in Spain and 52,000 in Romania). In this scenario, Francesco Starace says that decarbonisation represents “a great opportunity for modernising the European economy, revitalising the industrial sector and guaranteeing sustainable and durable growth.”
He also explained that, with increasingly renewable generation, the progressive penetration of electricity in the energy system will enable “not only the decarbonisation of the historically more polluting economic sectors, but also the creation of value in new ways, offering new services for consumers, who are beginning to play a central role in the electricity system”. Starace therefore believes that it is essential to share the benefits of the energy transition, supporting it “through comprehensive measures which blend climatic, energetic, environmental, industrial and social aspects.”
Enel editorial staff