The Crucial Role of Gases in Europe's Energy Transition
Key Ideas
- Gas, including hydrogen, is seen as crucial in Europe's energy transition, alongside electrification, to ensure affordability, security, and sustainability.
- The report highlights the importance of natural gas, renewable, and low-carbon gases in achieving Europe's net zero energy goals by 2050.
- Gases can provide flexibility and resilience to the energy system, especially in times of geopolitical turbulence and deviations from expected transition pathways.
- Eurogas emphasizes the need for European leaders to invest in renewable and low-carbon gases and utilize existing infrastructure for a successful energy transition.
A new report by Frontier Economics, commissioned by Eurogas, illustrates the critical role of gases in Europe's energy system. Contrary to being considered merely a transition fuel, gases, including hydrogen, are deemed essential for ensuring the affordability, security, and sustainability of the energy transition. The report emphasizes the need for a strategic use of natural gas, renewable, and low-carbon gases to achieve Europe's net zero energy goals by 2050. It highlights hydrogen and its derivatives as potential significant energy carriers, with biomethane gradually replacing natural gas in final energy consumption. Additionally, gases are seen as crucial in providing flexibility and resilience to Europe's energy system, particularly during times of geopolitical uncertainty and deviations from expected transition paths. Eurogas stresses the importance of European leaders acting promptly to adopt renewable and low-carbon gases, leveraging existing infrastructure, and reducing dependence on imports. The focus is on striking a balance between affordability, security, and sustainability in the energy transition. By investing in essential gases and solutions, Europe can safeguard its industrial competitiveness, stabilize energy prices, and adapt to evolving circumstances as it progresses towards net zero emissions.
Topics
Europe
Renewable Energy
Energy Transition
Natural Gas
Industrial Competitiveness
Geopolitical Risk
Resilient Energy System
EU Climate Ambition
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