New report from Copenhagen Infrastructure Partners: Electrification could cut Europe’s fossil fuel imports 80% by 2050
Europe can significantly reduce its dependence on imported fossil fuels and lower power prices through accelerated electrification and clean energy build-out, according to a new analysis published today by CIP. The required investment is equivalent to the price premium paid for fossil fuel imports today. COPENHAGEN, Denmark, April 23, 2026 (GLOBE NEWSWIRE) --The closure of the Strait of Hormuz has highlighted that Europe’s continued dependence on fossil fuel imports comes with a geopolitical price premium. Today, imported fossil fuels account for around 40% of Europe’s energy demand,