ATHENS, May 22 (Xinhua) -- European countries need to double their investments in power distribution grids by 2050 or risk missing emissions targets set out by the European Green Deal, according to a study released here on Wednesday.
Distribution grid investments should increase from an average 33 billion euros (35.78 billion U.S. dollars) to 67 billion euros per year from 2025 to 2050. This amount is roughly 20 percent of what the EU spent on fossil fuel imports in 2023, the results of a study published by the Eurelectric showed.
