Page 49 - European Energy Innovation - autumn 2017 publication

Autumn 2017 European Energy Innovation 49

PHOTOVOLTAICS

Under the New Policy Scenario, these 1800 Biomass Wind
emissions would fall to 335g 1600 Tide, Wave Ocean Solar
CO2/kWh by 2040. For the European 1400 Geothermal Hydro
Union the situation looks a little better, 1200
i.e. 358g CO2/kWh in 2014 and a
forecast of 156g CO2/kWh in 2040, TWh 1000
but this is still not sufficient for the
necessary reduction of CO2 emissions 800
to 65g CO2/kWh in order to meet the
Paris Agreement [4]. 600

In preparation of COP21 the 400
European Council adopted the
following Conclusions on 2030 200
Climate and Energy Policy Framework
during its meeting on 23-24 October 0 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
2014: 2010
Year
• The European Council endorsed a
binding EU target of at least 40% Fig. 1: European electricity production until 2030 to meet the 27% RES target
domestic reduction in greenhouse
gas emissions by 2030 compared 20
to 1990.
Annual Photovoltaic Installations [GWp] 18 Rest of EU
• An EU target of at least 27% was set
for the share of renewable energy Greece
consumed in the EU in 2030. This 16 United Kingdom
target will be binding at EU level. Czech Republic

• An indicative target at the EU level 14 Belgium
of at least 27% was set for the France
improvement of energy efficiency in
2030 compared to the projections 12 Spain
of future energy consumption Italy
under a current policy scenario.
Germany
The European Council confirmed
that the target will be delivered 10
collectively by the European Union.
To achieve this in a cost-effective 8
manner, the reductions in the
Emission Trading System (ETS) – and 6
non-ETS sectors were set to reach
43% and 30% respectively by 2030 4
compared to 2005 .[10] However, with
the current implemented policies, 2
GHG emissions are not expected
to sufficiently decrease to reach the 0
European Union’s target of at least 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017e
40% reductions on 1990 by 2030.
Therefore, modified national reduction Fig. 2: Annual Photovoltaic installation in the European Union [6]
targets and policies are required
to realise the necessary additional Commission presented the Clean • and providing a fair deal for
reductions. Energy for All Europeans legislative consumers.
proposals to ensure the achievement
On 30 November 2016, the European of the European Union’s 2030 targets. A variety of policy options are
These proposals cover energy presented in the new proposals to
efficiency, renewable energy, the introduce new market models as a
design of the electricity market, response to the fact that the current
security of electricity supply and market arrangements in place do
governance rules for the Energy Union. not adequately incentivize all market
The package named the following participants to adjust their portfolios
three main goals: (supply and demand) on short notice.
These options will now be discussed
• putting energy efficiency first, in the European Parliament and the
Member States.
• achieving global leadership in
renewable energies The Commission Staff Document

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