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Story summary
- EU urged to target over 50 percent clean electricity by 2040.
- In the first 30 days of the Iran war, the EU paid an extra €14 billion for fossil fuels.
- EU industrial electricity costs are roughly twice U.S. levels and 50 percent higher than Chinese.
- Solar-panel prices have fallen more than 90 percent in a decade, making renewables cheaper than fossil alternatives.
