Europe eyes electrification to soften fossil fuel shocks
The European Commission is drafting a proposal to set a minimum share of energy consumption supplied by electricity by 2040. The plan envisions electrification as a “matter of sovereignty” and calls for a radical shift away from fossil fuels. Measures could include mandatory heat pumps in public buildings, subsidies and VAT reductions to accelerate adoption […]
Global execs predict all‑electric operations by 2035 – but not without policy support
A poll of 1,994 executives across 18 countries found that 90% of businesses expect their operations to be largely electrified by 2035 and believe moving to a renewables‑based electricity system will boost economic growth. 72% of respondents say government policies lag behind business ambitions. Without supportive regulation and grid upgrades, 62% would consider relocating operations. […]