Thursday, August 18, 2022

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Shell: A climate-neutral EU by 2050

Shell has built a scenario called A climate-neutral EU by 2050 looking at what the EU might do to decarbonise energy in the next 30 years. It explores a possible, but highly demanding pathway to help achieve a climate-neutral EU by 2050 – including the deployment of clean technologies and shifting choices to support a green economy.

Action by developed economies like the EU will be crucial to tackling climate change. Their efforts can act as a beacon for others while granting more time for developing economies to decarbonise. But the EU is not yet on a trajectory to achieve its goal of net-zero emissions by 2050.

Action already happening must speed up and there must be additional action to reduce emissions more quickly. This includes the mass deployment of clean technologies, shifting consumer and business choices to support a green economy and removing unavoidable emissions through carbon capture, utilisation and storage (CCUS) and natural carbon sinks like reforestation.

This will all need to be complemented by a sectoral approach to speed up action in sectors that are harder to abate – with pioneers needed in government, business and civil society. And there will need to be coherent and credible policy frameworks that are predictable and consistent over time. Finally, it will be important to lay the foundations for a just transition, one that is fair and equitable for all.

Read the full report here.

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