Scientific scenarios on climate neutrality support corporate strategy and planning on the path to decarbonisation - Using the example of buildings and heating, climate economists at DIW Berlin analyse existing scenarios on climate neutrality - Net zero scenarios show a clear path for the transformation of companies and the financial sector - With standardised scenarios and transition plans for climate neutrality, banks, funds and insurance companies can make their portfolios fit for the future.
Kategorie für Blog: European Green Deal
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On 16 June, the member states of the European Union approved a comprehensive revision of the EU Renewable Energy Directive (RED) in the Committee of Permanent Representatives. The European target for renewable energies will thus be significantly increased from the previous 32% to 45% in 2030. This means a doubling of the share of renewable energy compared to the level reached in 2021 of just under 22%. This is a great success for the expansion of renewables: It roughly doubles the planned expansion of renewable energy by 2030. To achieve the new targets, more than 100 GW of new wind turbines and solar installations will be installed in the EU every year. For Germany, this means that the significantly increased expansion targets for wind and solar energy in 2022 will be underpinned by European targets and become binding. The higher EU targets also form the framework for further measures and targets in the EU, such as the EU's solar strategy, which aims to roughly triple PV capacity to 600 GW by 2030.
To live up to its climate change pledge under the Paris Agreement, the European Union must ensure that all 250 million existing buildings, as well as all new buildings in the EU, produce near-zero greenhouse gas emissions. In a new report, European national academies of science, through their association EASAC, call for far-reaching policy action. "Policies have long focused on creating energy-efficient buildings that require less heating and air conditioning or generate renewable energy on site. However, the energy used to operate buildings is only part of the story. We need to broaden the scope and look at emissions from building materials and methods - both for new buildings and for building refurbishment," says William Gillett, Director of EASAC's Energy Programme.
European Green Deal offers opportunities for investments in emission-intensive basic industries - Clear political framework must ensure that investments are also cost-effective and incentivised - Introduction of CO2 contracts for difference and reform of EU emissions trading essential.
