2025 Marketing & Communication Strategy

02. MACROECONOMICS & STRATEGY

Can Europe overcome its energy cost disadvantage?

Electricity generation mix in Europe

Energy trade balances (in billions of dollars)

20

Chart Title

0

-20

-40

-60

2014

2016

2018

2020

2022

2024

Zone euro

États-Unis

Spot gas price in $ ($)

Electricity generation mix in United States

Chart Title

14

4,4

États-Unis

Europe

Public

Sources : Bloomberg, OCDE, Ember, AXA IM Research, Rothschild & Co Asset Management – 10/2024 This presentation contains historical market data. Historical market trends are not a reliable indicator of future market behaviour. These data are provided for illustrative purposes only. Depending on the date of publication, the information presented may differ from the updated data.

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