Europe can dramatically cut its dependence on imported fossil fuels by adopting electricity-based technologies, according to a new report. Electric vehicles, heat pumps, and renewables could cut global reliance on imported fossil fuels by 70% when used to replaced them in transport, heating, and power, according to energy think tank Ember. They would also save importers an estimated $1.3 trillion (€1.14 trillion) globally each year, Ember found. The think tank refers to this trio of technologies as “electrotech.” Cutting reliance on US, Russian fossil fuels Russia’s full-scale invasion of Ukraine in 2022 exposed one of Europe’s greatest vulnerabilities — its reliance…
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