Electricity industry association Eurelectric said on Thursday (21 September) that to support those goals, average annual investments in Europe’s electricity grids from now to 2050 need to be at least 84% higher than they were in 2021. “We want to transform the entire energy system at record speed, replace fossil fuels – oil and gas – with electricity. So we add loads of new generation capacity to the grid, we add electric cars, heat pumps,” Eurelectric Secretary General Kristian Ruby said.
“Therefore, you cannot say today what we used to do 10 years ago will be just fine for the next 10 years. It’s just not the case,” he told Reuters.
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