progressX

a reprint from IEA , 2018-06-16 Fossil fuels currently play a critical role in industry, not only as sources of energy, but also of feedstocks and process agents. Clean electricity could provide a sustainable alternative , but hurdles remain – particularly in terms of costs. In Northern Europe, offshore wind is showing potential to provide significant amounts of clean power to industry, with generation costs possibly falling to the range of €55 to € 70/MWh. This increasingly affordable renewable electricity strengthens the potential for cost-effective replacement of fossil fuels by electricity in industry. However, the continuing cost gap with the direct use of gas or coal to generate heat limits this potential to those electric technologies that are at least twice as efficient as fossil fuel uses. For now, a complete shift would require carbon prices at levels up to € 150 per tonne, a level even higher than projected for 2040 in the World Energy Outlook Sustai...