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The findings presented in this EC Communication are based on a comprehensive global and EU modelling and scenario analysis on how the EU could shift towards a low-carbon economy by 2050 against the backdrop of continued global population growth, rising global GDP and varying global trends in terms of climate action, energy and technological developments.
The Europe 2020 Strategy for smart, sustainable and inclusive growth includes five headline targets that set out where the EU should be in 2020. One of them relates to climate and energy. Member States have committed themselves to reducing greenhouse gas emissions (GHG) by 20%, increasing the share of renewables in the EU’s energy mix to 20%, and achieving the 20% energy efficiency target by 2020.
In this Communication, a set of global projections were used to look at global impacts of climate action, how it relates to the energy sector, agriculture and deforestation. Furthermore, impacts on the EU’s competitive sectors were projected to assess the possible risks of ambitious actions in the context of fragmented global action on climate.
Detailed EU projections were made within a wide set of potential future scenarios, focussing on the sensitivity regarding assumptions on global fossil fuel price developments and rate of technological innovation to analyse the sectoral contribution, including from agriculture and other land uses. While there are always uncertainties relating to long term projections, results have been made more robust by developing a wide set of scenarios with different assumptions.
Download the EC Communication: A Roadmap for low carbon economy in 2050
Source: Europa