The commitment by all of Europe’s major utilities to become carbon neutral “well before 2050” will transform society and have worldwide repercussions, European Commission vice-president Maros Sefcovic told industry leaders last night (Thursday).

The Vision for the European Electricity Industry document which was unveiled by electricity trade association Eurelectric in December after being unanimously approved by utilities and national electricity associations — will ensure that Europe remains the global leader in clean energy, an audience of about 200 senior managers and chief executives were told at a Eurelectric gathering in Brussels to celebrate the signing of the document.