A new report by Copenhagen Infrastructure Partners (CIP) has highlighted the potential for Europe to reduce its reliance on imported fossil fuels by up to 80% by 2050, through accelerated electrification and a shift towards renewable energy. The analysis underscores the geopolitical and financial benefits of this transition, as the region currently spends approximately EUR 250 billion annually on fossil fuel imports, which represents about 40% of its energy demand. With the closure of the...