Europe’s energy transition targets are not on track and the delay in decarbonisation will delay the net zero target beyond 2060

The real differentiator to put the EU on track to net zero emissions would be an immediate acceleration of the pace of EV adoption to reach 30% by 2030, up from 25% expected, according to Wood Mackenzie.

These are challenging times for Europe’s energy transition. The European Parliament and national governments emerged from the 2024 elections more fragmented, as parties that deprioritize low-carbon agendas and criticize established policies made progress. The ongoing Russia-Ukraine war continues to highlight energy security and the role of renewables in displacing imported gas. Meanwhile, Trump’s second presidency raises questions about the EU’s strategy to deal with the fallout from trade wars and the global repositioning towards net-zero ambitions.

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