A leaked draft of the EU’s 2050 energy road map reveals a huge shift from fossil fuels to renewable energy in the coming years. But as a consequence, electricity prices in the EUwill increase over the next two decades before stabilizing in 2030.
The purpose of the EU’s energy road map is to chart out how Europe will reduce its carbon emissions more than 80% by 2050. Currently, the EU derives most of its energy from fossil fuels, but according to the draft: “this has to change.”
The draft delves into various energy scenarios, depending on which policy measures are implemented in the next few years. Some of the scenarios take into account various types of renewable energy, technological advancements in efficiency, a potential delay in the implementation of carbon capture and storage, and various levels of nuclear integration.
Regardless of whether the EU invests heavily in renewable energy, Europe will see higher energy prices due to its necessity to upgrade its infrastructure. Households could see an increase in their energy expenditures to 15% of their income in 2030 and 16% in 2060.
Interestingly, the draft also expressed a need to invest in fossil fuel infrastructure. Although it predicts demand for coal will drop over the next few decades, it describes gas as a ‘bridging fuel’ throughout the 2030′s as large-scale renewable projects come to fruition.
The daft authors of the draft expressed a need to maintain a foot in the global oil market and keep domestic refineries even when production and consumption is falling at home and abroad because it is important to the EU economy and security. These blokes clearly forgot that nobody goes boldly into the future by holding onto the past…
But never mind that — we have bigger worries here.
However, when it comes to renewable energy and reductions in carbon emissions, the document highlights the necessity for international cooperation in order for the EU’s plans to have any effect. Therefore, the draft also calls for other countries to embark on a similar green trajectory in order to combat climate change.
Nothing new or inspirational here…
Wonder why do we pay these bureaucrats?
what exactly do they do with their time?
Masturbate?
Yours,
Pano
PS:
The reality is that Environmental Parliament’s 20/20/20 vision of Climate and Energy Public Policy that became Europe’s current energy and climate agenda, articulated by the European Energy Czar, will not be met
Sadly that is the realization after reading this draft report.
And we are backtracking fast by hedging our progress on everybody else getting on the bus and not leading but rather following…
Because based on the cautionary tone shown in this draft report for the later years up to 2050 — there is no hope to contain global warming to the 4 degrees even.
