COVID-19 pandemic has led to the worst economic downturn of the last decades mainly due to measures to stop the spread of the virus. This has led to reduction in demand and production capacity. Governments worldwide adopt packages as a response to the COVID-19 crisis, with $3.5 trillion dedicated to climate protections in the agriculture, industry, energy, and transport sectors. By adapting packages that are green, boosts economic growth worldwide triggered by increased low-carbon investment.
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The European Union aims for 2030 to reduce greenhouse gas emissions by 40% compared to 1990 levels. Furthermore, the long-term vision is to become climate-neutral by 2050; this means transforming the current energy system. Compiled from MUSTECโs research activities, key drivers and policy decisions are identified and explained for effective CSP deployment in Europe in the coming years up to 2050.
Key in the process for low-carbon transition is a transformation in all sectors and regions and the incorporation of new technologies and practices. Research and Innovation (R&I) is key in the development and successful uptake of clean technologies and focuses on three key non-mature technologies, CCS, advanced biofuels, and batteries for electric vehicles, as well as on energy efficiency measures explained in the report.
The transition to low carbon practices requires incorporating new technologies and practices, with Research and Innovation (R&I) being key in developing. Optimal R&I strategies increase the feasibility of ambitious climate stabilization targets by lowering carbon prices and mitigating costs.
EU- funded DEEDS project gives recommendations on Research and Innovation (R&I) aimed at decarbonisation of the EU economy and society and are relevant to the EU Green Deal.
Economic growth has been a priority for the European Union (EU) since its creation. The Paris Agreement targets will not be reached by technological and policy measures alone, businesses need to contribute and commit to the decarbonisation journey. The Business Guide calls to policymakers and businesses to move decarbonisation strategies from words to reality.
DEEDS’ knowledge base constitutes of two components: the scenario explorer and the technology database and intends to reach out to a broader audience and academia who could deliver deep and rapid reductions in emissions. This may help stakeholders to access detailed information about expected European emission limits, technology markets and energy prices, to develop strategies and understand the market potential for technologies consistent with decarbonisation pathways.
The largest short-term reduction in energy use and largest short-term reduction in energy use and carbon emissions in a lifetime is a result from the Covid-19 pandemic and are still in the process of being assessed. This had led to significant changes in peopleโs day to days lives that are unparalleled in the last few decades.
Renewable energy cooperation can play an important role in the energy transition in the European Union through international trade, safeguarding security of energy supply, coordinated climate adaptation measures, and optimizing the cost-effectiveness of actions. Concentrating Solar Power (CSP) could play a useful role, e.g. contributing to achieve climate goals in certain countries, or supporting the energy system with dispatchable electricity, they also believe that this role could be filled by realizing other options.
The European climate change strategies key element is the transition of the energy system towards a more sustainable energy supply, and the decarbonisation of the electricity sector through the deployment of renewable energy technologies. Concentrated Solar Power (CSP), as a dispatchable renewable energy technology combined with thermal energy storage, could contribute to the deep decarbonisation of the European Energy system by providing sustainable electricity and adding to system flexibility.