European energy-intensive industries directly employ around 2.6 million people.
They represent the foundations of many critical and strategic value chains and are deeply rooted in European society providing technologies, solutions and materials to every possible economic sector.
Energy costs constitute the most prominent share of the industrial production and activity costs.
Therefore, persistently and exceedingly high energy prices are a real-world threat to both the European industry’s ability to continue production and to stay competitive in a global market.
The lasting impact of the current crisis is deeply concerning.
It endangers the European industry’s post-pandemic recovery and their capacity to invest in further industrial transformation before 2030 to achieve the climate targets.
In this joint industry letter, we call on the heads of EU states and governments to adopt policy measures capable of ensuring the industry’s access to affordable renewable energy, accompanied by support for energy efficient solutions.
The joint industry statement on affordable renewable energy
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