Europe energy markets and price long-term outlook H1 2016
Fossil fuel demand in Europe is declining at an average rate of -0.3% per year from 2015 to 2035. Climate-energy policy continues to shape the development of European energy markets and the role of renewable technologies is expanding, particularly in the power sector. However, we maintain a view that EU policy objectives to 2030 remain ambitious and beyond reach. Our latest view of oil, gas, coal and carbon prices are included in this report, along with an update on EU energy policy.