EU to Bet on Electrification to Avert Recurring Energy Crises
EU to Bet on Electrification to Avert Recurring Energy Crises
www.bloomberg.com
EU to Bet on Electricification to Avert Recurring Energy Crises
The European Union will float a series of measures next week to help the continent deal with the Iran war’s energy price fallout, as well as electrify the economy to avert future fossil fuel shocks.
How we get off fossil fuels looks very roughly like this:
- Generate electricity without burning stuff (wind, solar, geothermal, storage, and maybe nuclear if it's cheap enough)
- Electrify everything we can (electric vehicles, elecrified mass transit, ebikes, heat pumps for home and district heat, nitrate fertilizer manufacturing, etc)
- Stop doing the things we can't (a few industrial processes)