Report
Patrick Artus

The costs of the energy transition will differ greatly from one euro-zone country to the next

The energy transition will lea d to: A sharp rise in fossil fuel prices during the transition; The need to decarbonise energy production, transport and energy-intensive industries (mainly intermediate goods). The euro-zone countries where the costs of the energy transition will be highest are therefore those that: Have the highest share of fossil fuels in their current energy mix; Produce (and not just import) fossil fuels; Have the highest share of the automotive and intermediate goods sectors in their economy. We see that this is the case of Germany, Portugal and Greece . These countries will experience greater capital and job destruction, a larger need for investment and sharper price rises than in the other countries.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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