According to Faraday's law, the magnetic flux through the loop's enclosed area changes at a rate that equals the induced emf around a closed loop.
The induced emf in a coil is equal to the rate of change of the flux linkage, as stated by Faraday's second law of electromagnetic induction. As a result, E = Ndϕdt.
It is no a conservative field, the induced electric field. You must exert effort when moving a charge once around the loop in opposition to the induced field. Your labor, however, is not kept as potential energy. To recoup the energy used to move the charge, you cannot allow the electric field to perform work. When the magnetic flux is no longer changing, the induced electric field also vanishes. There is no local storage for the work you perform on a charge against the induced field. An electromagnetic wave may be used to carry the energy away.
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