Squaring the circle: energy supply and demand in EU Unit A4 – Economic Analysis and Financial Instruments 18 Septemebr 2018
Energy in Europe – 2018 RES-E shares in the EU
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2020 policy targets to be achieved
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Decoupling of emissions and economic growth
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Technology developments •
Renewables competitive
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Electric vehicles on the market
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Unprecedented digitalization
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Structural changes in energy demand
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2030 climate & energy framework
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Delivering the promise of Paris
Very different starting point than in 2011 (2050 Energy Strategy)
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Drivers and trends •
The rise of Asia and the Global Consumer Class
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Environmental impacts: •
Resource scarcity
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Worsening of climate change
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Increased global awareness
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Accelerating technological change and hyperconnectivity
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The rise of Electricity
European Energy policy is not driven only by Brussels
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Emissions trajectory with current polices Current policies: ~60% reduction in 2050 Not enough to meet Paris goal
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Energy Consumption in the EU Long term decrease in energy consumption Large differences exist between sectors
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Electricity Consumption Electricity consumption close to 2005 values Decarbonisation requires electrification
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Clean Energy potential •
The sun deliver enough energy
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Delivery to European consumers more challenging: •
Flexibility needs
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Infrastructure needs
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Moving into uncharted water
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In the long term, investments needs in clean energy will decrease
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Investments in infrastructures will increase
European needs a strategic approach to infrastructures
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Technology pathways for a low carbon EU • Several Pathways are possible • There will be challenges and opportunities • Changing behaviors have the potential to reduce the cost of the transition • The European Union starts from a position of strength
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Thank you for the attention
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