LNG Transportation
Bousso: The electrification of Europe's ROI will be a decade-long struggle.
Europe is facing a "death Valley" of high energy prices over the next decade, which threatens to erode their industrial base even if they achieve their ambitious plan to double electricity by 2040. The European Commission announced on Friday an Electrification Action Plan aimed to increase electricity's share of final energy consumption, from 23% to 46% in 2040. An interim reference target is 32% by 2030. The strategy aims to accelerate electrification in transport, buildings and industry while also tackling Europe's largest energy paradox -- "electricity can be more expensive than fossil fuels that policymakers would like consumers and businesses...