Europe powered by green energy

The next phase of the green transformation

Over the past 15 years or so, Europe has been through the first phase of the green transformation. We have built renewable energy on top of the old fossil and nuclear based energy systems. In this same period, we have managed to bring down the cost of renewables and given birth to a green industry.

We have now entered the next phase of the green transformation. Renewables are moving to the centre of the energy system. This is a fundamental and disruptive change. It’s already producing numerous questions that we don’t have the answers to today. But that’s the point. If we had all the answers we wouldn’t have a climate change problem any longer.

As a contribution to the conversation, we have suggested four principles – four C’s – Carbon pricing, Collaboration between states, Competition for the full scope of projects, and Confidence in Europe’s green transformation. Europeans can realise the full potential of the North Seas and meet our long-term energy and climate goals. We can build a Europe that runs entirely on green energy.

At Ørsted, we’re ready to take on a larger responsibility together with the rest of the industry to invest and to innovate, to take on a broader role in planning and connecting wind farms at sea, to drive down cost even further, and to continue the dialogue on how to shape our common energy future.

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