Manufacturing from Home

Image credit:

“The manufacturing industry will have to face the challenge of producing the items that are relevant for the new energy approach that Europe will need to take.”

(07:38) “With the advancement of renewables, maybe energy dependence will be reduced. However, at a higher cost, because the new way of producing energy –whether this is solar or wind power, or whatever– is probably more expensive compared to other energy resources you may have available. But eventually, that’s the future of Europe. That’s the way it’s supposed to be. So that means for the manufacturing industry, two or three things: one is energy savings. It also means that the new energy approaches that we’ll take, whether that is renewables, hydrogen or even nuclear… this will have to have produced and manufactured on European soil all the items that need to be made in order for you to produce that energy.”

The new geopolitical and energy market reality requires us to drastically accelerate the clean energy transition and increase Europe’s energy independence from unreliable suppliers and volatile fossil fuels. Achieving this goal is possible, but demands urgent and determined action. EU manufacturers will be key in driving progress in the transition towards a clean planet for all.