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A new study by BusinessEurope shows that energy-intensive European companies in particular are losing their international competitiveness due to high energy prices and inadequate energy policies. By 2050, energy costs in Europe will be at least 50% higher than in the USA, China and India, even with subsidies.
Removing barriers, making the right investments
There are many reasons for this: At least 108 Green Deal laws and initiatives must be implemented at national level in the EU in the coming years. In addition to lower energy costs, international competitors also have to bear a lower bureaucratic burden, which makes them more competitive on the global market. In addition to the expansion of renewable energies, it also requires the expansion of infrastructure, which is currently suffering from long approval procedures and insufficient investment. It also needs openness to climate-neutral hydrogen as an energy source for industrial processes. To achieve this, a cost-efficient ramp-up should now be made possible at European level.
Depending on the scenario, without rapid countermeasures there is a risk of a massive loss of competitiveness, making production in Europe uneconomical compared to other locations. The deindustrialization of Europe is thus gathering pace, warned Christoph Neumeyer, Secretary General of the Federation of Austrian Industries, on the occasion of the publication of the study.
Click here for the entire study: rebooteurope.eu
National climate plan: How Austria wants to reduce its CO2 footprint by almost half
Climate Protection Minister Leonore Gewessler presented the Austrian Energy and Climate Plan (NEKP) and will now submit it to the EU Commission.
This is the second attempt at a submission: Minister Gewessler first sent a draft to Brussels in December 2023, but it was withdrawn by European Affairs Minister Caroline Edtstadler (ÖVP).
AI for seniors: How artificial intelligence enables self-determined living
In view of the shortage of nursing staff, AI-supported assistance systems for the home are becoming increasingly urgent. In Germany alone, there will be a shortage of over 3 million homes suitable for the elderly and over 600,000 care workers by 2030. Technology that already provides support in care facilities is now also available on the market for private households.
