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Power sector on track to be first carbon neutral industry

15 June 2010 – The European power sector will be the first carbon neutral industry, according to the boss of Eurelectric, a body representing the continent’s utility companies.
 
Speaking at its annual convention in Dublin, Lars Josefsson said that it was possible for the electricity industry to virtually eliminate carbon emission by 2050 through the expansion of renewable energy sources and the development of carbon capture and storage.
 
“Electricity is a growth sector and we are winning market shares,” said Josefsson.
 
“The future is electric. This is a very pro-active industry now and we are leading the way.” 
 
He said that meeting the European Union’s climate change goals was at the core of the industry’s activities but that the changes being made by the producers and transporters of electricity must be matched by a paradigm shift on the demand side, with consumers adopting energy efficiency measures.
 
Josefsson told delegates to the conference that, in addressing climate change, they were doing something very important together and that the developments were central to economic activity in the world.