Rystad’s [latest report](https://www.rystadenergy.com/flagship-report-energy-scenarios-2025) concludes that 95 percent of all emission reductions in the next 10 years will come from clean electricity and electrification. Meanwhile, technologies like hydrogen, biofuels and carbon capture will only play a marginal role (those are very expensive and often not even clean).
If you look at the EU’s policies, you get a vastly different picture. Since 2005, there’s a carbon tax on electricity, but oil and gas are exempted. Yes, you heard that right. Rosneft and Gazprom bought a lot of European politicians at that time. This has lead to Europe [lagging behind](https://www.transportenvironment.org/articles/the-world-is-going-electric-with-or-without-us) Asia in electrification. The US has even larger problems here, but at least the oil and gas are domestic.
After 22 years, there will finally be a carbon tax on oil and gas, but it will be a separate and likely lower tax. Hence, heat pumps might continue pay higher carbon taxes than gas boilers. If you incentivize emissions, they won’t be reduced. Basically all experts are saying this, but the politicians refuse to budge.
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Rystad’s [latest report](https://www.rystadenergy.com/flagship-report-energy-scenarios-2025) concludes that 95 percent of all emission reductions in the next 10 years will come from clean electricity and electrification. Meanwhile, technologies like hydrogen, biofuels and carbon capture will only play a marginal role (those are very expensive and often not even clean).
If you look at the EU’s policies, you get a vastly different picture. Since 2005, there’s a carbon tax on electricity, but oil and gas are exempted. Yes, you heard that right. Rosneft and Gazprom bought a lot of European politicians at that time. This has lead to Europe [lagging behind](https://www.transportenvironment.org/articles/the-world-is-going-electric-with-or-without-us) Asia in electrification. The US has even larger problems here, but at least the oil and gas are domestic.
After 22 years, there will finally be a carbon tax on oil and gas, but it will be a separate and likely lower tax. Hence, heat pumps might continue pay higher carbon taxes than gas boilers. If you incentivize emissions, they won’t be reduced. Basically all experts are saying this, but the politicians refuse to budge.