Energy: Roadmap 2050

The European Commission adopted on the 15th December the Roadmap 2050 for Energy.

Based on the analysis of a set of scenarios, the document describes the consequences of a carbon free energy system and the policy framework needed. This should allow member states to make the required energy choices and create a stable business climate for private investment, especially until 2030.
The Energy Roadmap 2050 identifies a number of elements which have positive impacts in all circumstances, and thus define some key outcomes such as:
- Decarbonisation of the energy system is technically and economically feasible. All decarbonisation scenarios allow achieving the emission reduction target and can be less costly than current policies in the long-run.
- Energy Efficiency and renewable energy are critical. Irrespective of the particular energy mix chosen, higher energy efficiency and important rising shares of renewables are necessary to meet the CO2 targets in 2050. The scenarios also show that electricity will play a greater role than now. Gas, oil, coal and nuclear also figure in all scenarios in different proportions, allowing Member States to keep flexible options in their energy mix provided a well connected internal market is achieved quickly.
- Early Investments cost less. Investment decisions for the necessary infrastructure up to 2030 must be taken now, as infrastructure built 30-40 years ago needs to be replaced. Acting immediately can avoid more costly changes in twenty years. The EU's energy evolution requires anyway modernisation and much more flexible infrastructure such as cross border interconnections, "intelligent" electricity grids and modern low-carbon technologies to produce, transmit and store energy.
- Contain the increase of prices. The investments made now will pave the way for the best prices in the future. Electricity prices are bound to raise until 2030, but can fall thereafter thanks to lower cost of supply, saving policies and improved technologies. The costs will be outweighed by the high level of sustainable investment brought into the European economy, the related local jobs, and the decreased import dependency. All scenarios get to decarbonisation with no major differences in terms of overall costs or security of supply implications.
- Economies of scale are needed. A European approach will result in lower costs and secure supply compared to national parallel schemes. This includes a common energy market which should be completed by 2014.

More information:
Press release
Roadmap 2050