The Energy Transition in Austria

Austria is a key player in Europe’s energy transition, leveraging its abundant renewable energy resources and focusing on advancing critical minerals and sustainable development. Dominated by hydropower and wind energy, Austria's energy mix is shifting with growing investments in wind power as part of its ambitious goal to achieve carbon neutrality by 2040, ten years ahead of the EU's target. The country is also a global leader in recycling technologies, particularly in the battery sector, solidifying its role as a hub for the circular economy. Austria’s energy strategy promotes clean hydrogen and improves energy efficiency across industries. The country's commitment to ESG principles drives its policies, ensuring a balance between economic growth and environmental sustainability. Austria is tapping into resources like tungsten, magnesium, and lithium in critical minerals to support Europe’s clean energy transition. Through active participation in international organisations such as the United Nations, OECD, and the European Union, Austria aligns its policies with global standards while promoting energy cooperation. With its progressive stance, Austria is poised to continue shaping Europe’s sustainable future in energy and industry, positioning itself as a leader in the green economy.