In order to achieve a 95% reduction in greenhouse gases by 2050, 60% of the European economy must be electrified. This is the main message in Eurelectric’s “Decarbonisation Pathways” study, which was presented by the organisation’s president, Francesco Starace, in Brussels on 27 September 2018, at the “Accelerating Clean Energy Investments” conference. In his speech, the Enel CEO, who has been the helm of the European electrical industry association since June 2017, outlined what has emerged from the study: the possibility of increasing demand for electricity while simultaneously bringing about the full decarbonisation of the energy sector by 2050 in a way that is affordable.
In order to reduce emissions by 95% by 2050, the EU economy must be at least 60% electric
Francesco Starace, Enel CEO
Starace explained that, in order to achieve the objective, it’s necessary to continue to working hard on several fronts: we need to incentivise a high penetration of renewables, create a balanced and flexible system secured by various sources, give conventional generation a new role and reduce technological costs. There are many factors which could, in synergy, contribute significantly to the achievement of the decarbonisation targets, but the study lays out those which European countries need to concentrate on most urgently: the establishment of an effective decarbonisation policy with the participation of all European economies and countries, cooperation among the various sectors, increased citizen involvement in a decentralised system, a new market design and the enhancement and digitalisation of distribution networks.
Starace also pointed out that EU member states must operate with a view to helping those countries that are starting from less favourable conditions and to making the transition increasingly equitable.
Enel editorial staff