 Direct and indirect electrification of industry and beyondCédric Philibert Oxford Review of Economic Policy, 2019, vol. 35, issue 2, 197-217 Abstract: Achieving net zero greenhouse gas emissions is very challenging. Given the limitations in the direct use of renewable energy for heat and mobility, electrification of the broad economy seems a must, provided electricity supply is CO2-free. The recent cost reductions of solar and wind technologies, their immense potential, and the improvement in electric technologies for industry and transport, open new avenues for achieving humankind’s climate mitigation goals. However, a large fraction of the best solar and wind resources are situated far away from large consumption centres. Moreover, the variability of solar and wind and the shortcomings of electricity storage limit the scope for direct electrification. Indirect electrification through electrolysis of water and the use of hydrogen and hydrogen-rich feedstock and fuels may in all end-use sectors complement electrification where it appears excessively challenging, serve the power sector itself, and also help harness remote resources and ship them to consumers or industries. Keywords: climate change; energy; industry; electricity; hydrogen; materials (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:35:y:2019:i:2:p:197-217. Access Statistics for this article Oxford Review of Economic Policy is currently edited by Christopher Adam More articles in Oxford Review of Economic Policy from Oxford University Press and Oxford Review of Economic Policy Limited |
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