Electrifying Europe's energy-intensive transport, buildings and industrial sectors could cut greenhouse-gas emissions by 60% before 2050.
That's according to a new report published today by Bloomberg New Energy Finance (BNEF), which suggest this could "bring about sharp reductions in carbon dioxide emissions" and hugely accelerate progress towards a net zero future.
It suggests ‘direct’ electrification would involve using electric vehicles (EV) across the transport sector and deploying electric heating systems such as heat pumps in buildings and some parts of industry, whereas ‘indirect’ electrification would involve switching to hydrogen produced by electrolysis using renewable electricity – this green gas would then replace natural gas in heating buildings and industrial processes.
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