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PROPRIETARY Any use of this material without specific permission of the European Climate Foundation is strictly prohibited ROADMAP 2050 A practical guide.

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Presentation on theme: "PROPRIETARY Any use of this material without specific permission of the European Climate Foundation is strictly prohibited ROADMAP 2050 A practical guide."— Presentation transcript:

1 PROPRIETARY Any use of this material without specific permission of the European Climate Foundation is strictly prohibited ROADMAP 2050 A practical guide to a prosperous, low-carbon Europe

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3 ROADMAP 2050 PARTNERS

4 Transmission System Operators NGOs Manufacturers Plus 40 more companies, NGOs and research institutes Core Working Group participants Further outreach Siemens WWF KEY STAKEHOLDERS WERE INVOLVED BY PROVIDING INPUT AND REVIEWING RESULTS Utilities

5 THE DECARBONIZATION PATHWAYS ANALYSED ARE SUSTAINABLE, TECHNICALLY FEASIBLE, AND HAVE A POSITIVE IMPACT ON THE ECONOMY

6 1 Based on the McKinsey Global GHG Cost Curve 2 Large efficiency improvements already included in the baseline 3 CCS applied to 50% of industry (cement, chemistry, iron and steel, petroleum and gas, not applied to other industries) SOURCE: McKinsey Global GHG Abatement Cost Curve; IEA WEO 2009; US EPA; EEA; Roadmap 2050 Technical Analysis AT LEAST 80% CO2 EMISSION REDUCTION

7 ENERGY EFFICIENCY & FUEL SHIFT GIVE OVERALL DEMAND

8 ELECTRICITY DEMAND 2050 (EU-27 + Norway & Switzerland)

9 Energy production mix over the year, TWh per week 40% RES 30% CCS 30% nuclear 60% RES 20% CCS 20% nuclear 80% RES 10% CCS 10% nuclear THREE SPECIFIC PATHWAYS MODELED INCLUDING BOTH GENERATION AND GRID COSTS

10 RES DIVERSITY CONTRIBUTES TO CONSISTENT SUPPLY

11 COMBINING REGIONAL DEMAND CURVES REDUCES VOLATILITY

12 INTER-REGIONAL TRANSMISSION REQUIREMENTS

13 Requirements on top of the baseline 2050, GW CURTAILMENT IS KEPT LOW THROUGH GRID EXPANSION AND BACK-UP CAPACITY 40% RES 30% CCS 30% nuclear 80% RES 10% CCS 10% nuclear 60% RES 20% CCS 20% nuclear Transmission & generation capacity requirements Transmission Back-up and balancing RES curtail- ment 1, % DR, %Pathways Baseline

14 ANNUAL CAPEX DEVELOPMENT

15 COST OF ELECTRICITY

16 LONG TERM EU27 GDP

17 DECARBONIZING THE ECONOMY SAVES MONEY

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