The European Climate Foundation has launched a report entitled Power Perspectives 2030, the second phase of their important Roadmap 2050 report which lays out the key steps to power sector decarbonisation for the next two decades.
The Power Perspectives 2030 report finds that a high-level of diverse renewables will deliver “2050 decarbonisation” and economic benefits if backed by significant grid investment, demand side resources and flexible gas. However, the report warns that investments must start now, without delay.
The report shows that while the existing energy policy framework to 2020 represents an adequate first step towards the EU 2050 emission reduction goals, the decarbonisation process will need to accelerate dignificantly in the decade 2020-2030. Hence, a stronger sense of direction is needed towards 2030 to support investments and enable power markets to deliver the tranistion to a zero-carbon power sector.