Science & Tech · Science & Environment · 4 hrs ago
Green fuels could halve Europe’s energy dependence by 2040
A report by energy company Moeve and consultancy PwC says green fuels could help Europe cut emissions and reliance on energy imports.
These include renewable hydrogen, synthetic fuels and advanced biofuels, which can be stored, transported and used in existing energy infrastructure.
The report estimates that green fuels could cut Europe’s energy dependence from 57% in 2024 to 28% in 2040.
They could replace some fossil fuels in heavy industry and long-distance transport, where electrification is harder, and cut Europe’s CO2 emissions by up to 22% by 2050.
These fuels currently cost more than fossil fuels, although the report says the extra cost to consumers could ease over time.
The report says Europe will need both renewable electricity and green fuels to replace fossil energy.
It calls for governments and industry to support demand, help close the early cost gap, invest in infrastructure and attract more capital.
A report by Moeve and PwC says green molecules could cut Europe’s energy dependence from 57% in 2024 to 28% in 2040.
The report covers renewable hydrogen, synthetic fuels and second-generation biofuels, which can replace fossil fuels.
It says these fuels could help decarbonise industries and transport that are difficult to electrify.
Green molecules could replace 30% to 50% of fossil-fuel demand by 2050 and make up nearly a third of the European Union’s energy mix.
The report says wider use will require coordinated action by governments and industry, including investment and support to address higher costs.
- Who
- Moeve and PwC produced the report.
- What
- The report says green molecules could halve Europe’s energy dependence by 2040.
- When
- The report projects a reduction from 57% in 2024 to 28% in 2040.
- Where
- Europe.
- Why
- Green molecules could replace fossil fuels and help decarbonise sectors that are difficult to electrify, while reducing dependence on external energy supplies.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Energy dependence in 2024
- 57%
- Projected energy dependence in 2040
- 28%
- Projected fossil-fuel demand replaced by 2050
- 30% to 50%
- Projected reduction in CO2 emissions in Europe by 2050
- Up to 22%
- Sectors highlighted
- Heavy industry and long-distance transport
What people are saying
The main conclusion of the study is clear: if Europe wants to reduce its emissions, strengthen its industrial competitiveness and reduce its external energy dependence, it will need to combine renewable electricity with renewable gases and fuels.