emissions has been accompanied

Crucially, this reduction in emissions has been accompanied by a decrease in wholesale energy prices in the EU. One IMF analysis found that, between 2014 and 2021, every 1 per cent increase in the proportion of electricity generated from solar and wind power translated into an 0.6 per cent average drop in wholesale electricity prices in Europe (24 countries, including non-EU Norway, Switzerland, and the United Kingdom). Moreover, the IEA estimates that EU countries saved a total of around €100bn ufabet