[135] Copper already beats gold, but could it also beat silver?

Conductivity improvements in the years to come could bring impressive benefits, such as important energy savings in motors and transformers, higher range for electric vehicles, or more efficient electricity networks.

Technology still needs to be further developed to make these achievements economically efficient.

[134] Scaling up 2/2

CO2 emissions are cut at least by two-thirds when a heat pump is used instead of a gas boiler. Such a reduction will even be higher in the years to come thanks to the fast decarbonisation of the electricity generation park.

In climates where cooling services are also needed, the same device can be used to deliver both heating and cooling. In such situations, heat pumps are economically unbeatable.

For another example of scaling up, see [41].

[133] High quality and local jobs

Building automation deployment in Europe will create up to about 300,000 additional direct jobs in the BACS industry over the next 10 years — mainly to the benefit of the national economies.

Even the greatest europhiles in the European Parliament are not insensitive to the impacts on their local constituency. As job creation is open to interpretation, we shouldn’t rely too much on exact numbers. But we can be quite confident about the local character of each and every additional job in this industry.

[132] Electrification as an efficiency option

Out of the 150 Mtoe per year sourced by industry from fossil fuels, at least a third could be displaced by (clean) electricity in an economically profitable manner. Not to mention the important CO2 savings.

This increases electricity demand by about 170 TWh/year, roughly 5% of total demand, which should be perfectly manageable by the electricity system.

[131] Sustainability requires long-term and system-wide thinking

And those principles serve both economic and environmental interests.

The problem is, they are easier to preach than to put into practice. It’s easier to compare two motors by their purchase price than to calculate their life cycle costs. It’s easier to regulate an individual motor as sold on the market than a motor system including the application as installed on the work floor.

That’s why we need to be relentless in repeating the benefits of those concepts, while embedding them into regulations and standards.