At a time when EU policy makers are discussing the blueprint for Europe’s 2030 climate and energy framework, Europe’s energy sector is being shaken up by remarkable reductions in the cost of clean energy technologies, coupled with the emergence of new digital solutions and business models.
This new study, by a group of organisations from the Energy Union Choices consortium made use of state of the art modelling tools provided by Artelys to examine how these changes alter the outlook for Europe’s power sector transition by 2030 and finds that Europe can now aim for deeper emission reductions and higher renewables uptake (up to 61% RES-e), at a reduced cost. Provided at least it makes the right policy choices in the form of a smart retirement of coal capacity, and a step change in the activation of demand side flexibility.
The report was presented to the public at the Stanhope hotel in Brussels.
The press release accompying the publication of the report is available below.