A new report shows that Europe must go through the process of decarburization at a rate three times faster than what has been achieved so far if it meets its ambition of net zero emissions by 2050.
CERRE’s new report on “Combining electricity and gas in a carbon reduction economy” is released before the European Commission’s Package 55, revealing the results of an energy system optimization model. Uniquely modern, offers four different scenarios for achieving net zero emissions by 2050. It also provides a complete list of regulatory and policy recommendations for maintaining a coherent framework. emerging sectors at both the national and EU level.
“We reworked the European Commission’s 1.5 TECH and COMBO scenarios and took them further with two extremely complementary cases. Our conclusion is simple: The single European markets for electricity, methane, hydrogen and carbon are essential to fully harnessing this industry combination in pursuit of a net zero. Chi Kong Chyong, who co-authored the report.
The study also identifies no-regret policies such as the rapid deployment of renewable energies and extensive electrification for heating systems and vehicles in Europe.
Michael Pollitt, who is also a co-author of the report, notes that the study expands the importance of a number of key policies addressed by the European Commission: reaching net zero requires all forms of spirituality. has been determined now. From wires to pipes, from electric vehicles and smart grids to our indoor mixed heat pumps, and from batteries to solar panels and offshore wind farms to P2X and gas storage . It is an unprecedented task for governments that will lead to the usual cessation of business regulations, ”the Professor warned.
According to CERRE, the report makes more than forty policy recommendations that enable industry to be combined to help with carbon removal efforts at a rapid rate. “We explore and discuss the fundamentals of existing policies and regulations such as carbon pricing, the critical role of electrification and hydrogen, gas system reorganization and options for funding industry coupling. Our recommendations represent both disruption and correction but overall, the large volume of changes required to allow all technologies and markets to reach net zero by 2050 is substantial. ”Pollitt concluded.
The report to contribute to the EU’s sector integration strategy was launched last year and the regulatory proposals for the future are included in the Compliance Package for 55 such as reform of EU ETS, revision of the Renewable Directive and regulation. All measures intended to accelerate the rate of carbon reduction are in line with the new climate targets by 2030 and zero realism targets by 2050. .