{"id":418557,"date":"2025-02-12T12:03:42","date_gmt":"2025-02-12T11:03:42","guid":{"rendered":"https:\/\/www.eunews.it\/2025\/02\/12\/eurelectric-banca-ue-per-elettrificazione\/"},"modified":"2025-02-12T14:23:16","modified_gmt":"2025-02-12T13:23:16","slug":"eurelectric-urges-commission-to-establish-an-eu-electrification-bank","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2025\/02\/12\/eurelectric-urges-commission-to-establish-an-eu-electrification-bank\/","title":{"rendered":"Eurelectric urges Commission to establish an EU Electrification Bank"},"content":{"rendered":"

Brussels – One of the keys to a sustainable transition in the European Union is electricity, with direct electrification remaining “the most energy-efficient and cheapest option” for industrial processes below 500 \u00b0C. Yet, the electrification rate remains stuck at 33%.\u00a0 Eurelectric,<\/a> the association representing the European electricity industry, calls on the EU\u00a0to take a step forward\u00a0and proposes to establish an Electrification Bank<\/strong> as part of the next Electrification Action Plan and coordinate with the Clean Industrial Deal, the strategy that Energy Commissioner Dan Jorgensen will\u00a0develop and present <\/a>by the end of February.<\/span><\/span><\/span><\/p>\n

Studies<\/a> suggest that, with available technologies,\u00a0the electrification rate could\u00a0be as high as 90 percent by 2035.<\/span><\/span> To promote industrial electrification, the association asks the Community Executive\u00a0to create the\u00a0Electrification Bank to\u00a0centralize expertise, financing options, and risk-reduction tools in a one-stop shop managed by the\u00a0Commission\u00a0<\/strong>with support from the European Investment Bank (EIB) and member states.<\/span><\/span> This institution should\u00a0provide compensation for critical capital expenditures (Capex) and\u00a0conditional support for operating expenditures (Opex) during the transition period of industries.<\/span><\/span><\/span><\/p>\n

\n
The Clean Industrial Deal “provides an opportunity to align policy with ambition when it comes to industry electrification,” reads Eurelectric’s position paper<\/a>. The crux of the proposal is the public nature of the support the bank would have. It means money from states to\u00a0transform\u00a0Europe’s industrial base, which governments cautious about accounts and budget rules have always driven. The return for countries, Eurelectric continues, lies in the fact that “Electrifying industrial processes will improve energy efficiency, reduce operational costs over time, and enhance energy security, which the EU needs and on which it risks hitting a wall<\/a>, by lowering reliance on imported fossil fuels.”
\n<\/span><\/span><\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

For the sector’s industry, the special body is the answer to the need for sustainable transformation of European industry by ensuring safety and sustainability<\/p>\n","protected":false},"author":494,"featured_media":418546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":""},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25706,25727],"tags":[30372,26035,25866,28358,25886],"class_list":["post-418557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy-en","category-in-the-spotlight","tag-clean-industrial-deal-en","tag-electricity-en","tag-energy-en","tag-eurelectric-en","tag-sustainability-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/418557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=418557"}],"version-history":[{"count":4,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/418557\/revisions"}],"predecessor-version":[{"id":418585,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/418557\/revisions\/418585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/418546"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=418557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=418557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=418557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}