European nations continue setting ambitious targets for their economies. The UK has legislated net zero economy-wide carbon emissions by 2050, and many European countries and cities are following.
We’re at an early stage along the trajectory to net zero, and so far we have seen a lot of developments on electricity, but too little happening on transport and heat. These sectors are the elephant in the room.
So what else needs to happen in Europe? Especially in Northern Europe where heat is a major point of concern.
Electrification in transport is accelerating– and this appears the most likely transport decarbonization solution - but current technologies for reducing emissions from heat are either improbable, expensive, or both. The challenge of providing enormous amounts of energy in winter months goes beyond the potential of current renewables and electricity storage.
Albeit at an early stage, substantial opportunity for green gas, hydrogen and CCS exist, but major barriers need to be surmounted.
Within this session, we will look at the enormous opportunity in Europe beyond renewables, for a future that at the end of the day needs to be deeply decarbonized.