BAKU, Azerbaijan, July 1
By Leman Zeynalova – Trend:
E-Kerosene to be dominant in Europe’s aviation after decarbonization, Siemens Energy Global GmbH & Co. KG told Trend.
The company expects the following changes in transport: e-mobility as the political choice for the road; e-fuels for heavy-duty, long-distance, special purpose road transport and the existing passenger fleet; also shipping will need greener fuels.
As for industry, the company predicts move from energy efficiency to a fuel-shift to renewable energy.
“This means investments in new processes (e.g. steel from coal-furnace to direct reduction), chemicals (high temperature heat pumps, i.e. electrification) and sourcing of renewable energy (see BASF announcement). Access to competitive RES will be the liscence to operate in 2050. Investments in CCS for some sectors (e.g. cement); shift to green raw materials (e.g. grey to green hydrogen, or ammonia),” said Siemens Energy.
Other expected changes include:
- Faster planning and permitting to accelerate RES; decarbonizing the residual load and security of supply as long-term challenge. New investments in gas power plant capacity necessary to replace dispatachable capacity that is being phased out (nuclear: DE, BE; coal: DE, CCE) and to provide storage for dark doldrums and the residual load; Providing heat will increase in importance. Need investment signals to ensure that a fully decarbonized energy system is as reliable as the current one.
- Uptake of electrification and sector coupling: need to get renewable energy into all sectors.
The EU aims to be climate-neutral by 2050 – an economy with net-zero greenhouse gas emissions. This objective is at the heart of the European Green Deal and in line with the EU’s commitment to global climate action under the Paris Agreement. The European Commission set out its vision for a climate-neutral EU in November 2018, looking at all the key sectors and exploring pathways for the transition.
The Commission's vision covers nearly all EU policies and is in line with the Paris Agreement objective to keep the global temperature increase to well below 2°C and pursue efforts to keep it to 1.5°C.
As part of the European Green Deal, the Commission proposed on 4 March 2020 the first European Climate Law to enshrine the 2050 climate-neutrality target into law.
The EU is well on track to meet its emissions reduction target for 2020 and has put in place legislation to achieve its current 2030 climate and energy targets. Member States have prepared integrated national energy and climate plans to achieve their 2030 targets.
EU greenhouse gas emissions were reduced by 24 percent between 1990 and 2019, while the economy grew by around 60 percent over the same period. From 2018 to 2019, emissions declined by 3.7 percent. The most significant decline was in sectors covered by the EU Emissions Trading System (EU ETS), in particular power plants. Emissions from stationary installations in all countries covered by the system fell sharply by 9.1 percent between 2018 and 2019.
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