Mobilising research and fostering innovation

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From COP26 in Glasgow, the adoption of comprehensive accounting rules for the international transfer of carbon market units is the most important achievement however it is not in international climate negotiations. ‘Clean Development Mechanism’ or ‘CDM’ allows emission reduction projects to earn certified emission credits, but there are questions if the Article 6 rules are good enough to provide the necessary framework.

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.

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 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.