Why electrification is the climate game changer we need

From EVs and electric buses on the road, heat pumps warming homes and solar panels powering appliances, the shift to electrifying tech is already in full swing. But what exactly does 'electrification' mean? Electrification isn't just a buzzword, it's a lever that could slash energy bills while reducing the world's dependency on coal, oil and gas.

Which also means significantly slashing the heat-trapping CO2 emissions that are linked to flooding and extreme heat around the world. If fuel-importing countries "speed up the electrification of their economies considerably" they could knock more than $400 billion (€357 billion) off their energy import bills by 2035 compared with 2025 levels. That is according to a recent analysis by the International Energy Agency (IEA), which also found that such an acceleration could mean the world needs 18 million fewer barrels of oil per day.

In a nutshell, electrification means replacing technologies that burn fossil fuels such as oil and gas with electric alternatives.