How Can Electrification Drive Europe’s Economic Transformation?

22 January, 07:30 - 09:00 CET

Decarbonising European industries for climate and security

Breakfast Briefing | Steigenberger Icon Grandhotel Belvédère, Davos

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The electrification of Europe’s economy is essential for achieving climate neutrality and energy security amid global geopolitical shifts. Reducing dependence on fossil fuels requires rapid expansion of renewable energy, particularly wind and solar, to meet rising electricity demands sustainably. Key to this transition is decarbonising industries primarily through electrification but also through innovations such as green hydrogen, bio or synthetic fuels and circular economy practices in some hard to abate sectors.

Advanced technologies, especially artificial intelligence, are integral to optimising the energy transition. Modernising Europe’s electricity grids are necessary to ensure reliable supply, while enhancing interconnectivity can enable the seamless integration of renewables. Together, these advancements can position Europe for a sustainable, electrified economy that is both climate-resilient and geopolitically secure.

This high-level briefing, hosted by the Financial Times in partnership with Iberdrola, will explore how industry leaders and other stakeholders can support widespread electrification and what challenges and opportunities exist on the journey to decarbonisation.

Key Discussion Points

Clean Industrial Deal

What is the significance and impact of the EU’s Clean Industrial Deal?

AI and Digital Technologies

How can artificial intelligence and digital technologies optimise renewable energy integration, grid management and energy efficiency in the context of electrification?

Energy Security

How can Europe ensure that its electrification and decarbonisation efforts also enhance energy security?

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