If the European Union wants to reach energy sovereignty, it should accelerate renewable energy and heat pumps rather than locking itself into new gas imports, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
The think tank contends that expanding wind, solar power and heat pumps is the most effective long-term answer, estimating that in 2024, these technologies displaced 8.8 billion cubic meters of liquefied natural gas (LNG) – roughly equivalent to two-thirds of the EU's imports of Qatari LNG that year.
