Sunday, August 20, 2017

How the Paris Agreement Will Impact EU Climate and Energy Policies

A broad topic but a good discussion panel organized by Bruegel.

There appears to be the view that emissions targets and ETS will have to revised. More importantly, innovation in new technologies and renewables and how to integrate it with the existing infrastructure will be key in setting up planned targets for 2050. Natural gas will have a bridging role in the energy transition.

Apart from the EU Commissioner for Energy and Climate Action Miguel Arias CaƱete, the panel also has a GE representative Hendrik Bourgeois who provides the investment requirements and investment risks coming along the way to low carbon. 

In short, despite the optimism from some circles, the engineering, economical and social challenges for a low carbon economy makes implementing the Paris Agreement an extremely complex task. Below is just the EU viewpoint. 

The EU's Roadmap for a competitive low carbon economy in 2050 can be read here.

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