The EU needs to look at rebalancing taxes and levies on electricity to match falls in its carbon intensity and incentivise people to transition to more environmentally friendly energy, writes Jan Rosenow. Jan Rosenow is the European programmes director at the Regulatory Assistance Project, an NGO focusing on policy to accelerate the transition to a clean, reliable and energy efficient future. I frequently receive requests for advice based on my personal experience as an owner of a heat pump and an electric vehicle. Often I get asked whether I now pay more for my energy than before. People are more keenly aware today of the high costs of electricity and they hesitate to switch away from fossil fuels if it costs them more money. This is concerning because in most, if not all, independent analyses of pathways to net zero, emissions electrification plays a critical role. Two sectors in particular can benefit from direct electrification: buildings and transport (although there is also significant potential in industry). Not only can electrification deliver substantial carbon reductions and immediate air quality improvements, it can also provide financial benefits to customers through energy cost savings.
Euractiv 3rd March 2021 read more »