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Decarbonisation
Speedways

The enablers for 2040

#DecarbSpeedways

Intro

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We analysed 3 scenarios

Electrification is the direct, efficient, and effective way to achieve society’s decarbonisation, delivering emissions reductions in three ways:

Switching to carbon-neutral power generation
Reducing total energy demand
Producing carbon-neutral fuels

With three decarbonisation scenarios for transport, buildings and industry, with key milestones in 2030, 2040 and 2050, this study provides insight into applying the accelerated decarbonisation ambition of the economy and power sector to the current reality of our industry.. These scenarios also apply to the power sector and detail an ambitious, yet realistic decarbonisation path to achieve carbon neutrality well before 2050 at the lowest cost.

The road to 2040: ambitious realism

ELECTRIFICATION: the only cost-efficient route to rapid decarbonisation

Electricity has multiple benefits, including clean air, jobs…. but clearly also CO2 reductions and energy efficiency gains.

Electrification leads to decarbonisation and energy efficiency gains

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Electrification: THE energy efficient solution

GETTING IT RIGHT: Enabling factors critically needed to deliver

Power progress with unprecedented capacity growth

2020 – 2040: a gigantic build-up perspective

All generation requires investment/daunting

Electrification leads to decarbonisation and energy efficiency gains

grids need a game changer…

A leap forward in distribution grid investment

LOWER BILLS: If properly implemented, the transition will lower energy bills

if and only if properly implemented with all enabling conditions is there a potential/ opportunity/ possibility

Opportunity to lower households energy bills with increased electrification

2020 – 2040: a gigantic build-up perspective

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High time to put all enabling factors in place

“The Eurelectric Decarbonisation Speedways study highlights the need to deeply electrify the EU economy to achieve climate goals. Building on the Fit for 55, I strongly believe that the EU needs a comprehensive and transversal Electrification Strategy.” “The Eurelectric Decarbonisation Speedways study clearly shows the need to produce vast amounts of decarbonized electricity with a complementarity of renewables and nuclear. It is also critical to develop all types of flexibility sources and storage assets, including hydro pumped storage.”

“All scenarios show that the necessary accelerated decarbonization of the economy will require a massive growth of renewable power generation capacity. An improved financing framework, overdue grid reinforcements and faster permitting and spatial planning are key pillars to work on intensively if we want succeed in the fight against climate change.”

“The report underlines that we need very significant investments in distribution grids to achieve a massive electrification as the main driver for decarbonisation. The report also shows that Poland has one of the most ambitious targets in the EU regarding offshore capacities and that RES expansion will be accelerating in Poland with nuclear and gas stabilizing the system.”