Key Deliverables
Decarbonisation pathways report
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Decarbonisation pathways - Full study results
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Press statement - European power sector
Read moreElectrification is the key to decarbonise our planet.
Watch videoQuotes & Testimonials
“We are fully committed to full decarbonisation of the remaining fossil fuels in Sweden and at the same time we are ready to respond to an increased electricity demand due to electrification.”
Pernilla Winnhed
CEO of Energi Företagen
“At Viesgo, we are committed to renewable and sustainable generation, as well as to the distribution business as a key lever in the energy transition process. We want to play a relevant role in the new challenges of decarbonisation and electrification, finding responsible solutions that will allow a flexible integration of clean energy and ensure security of supply.”
Miguel Antoñanzas
CEO of Viesgo
“Electrification will play a key role in fulfilling decarbonisation targets and Iberdrola is fully committed to contribute to it. We have invested close to €100 billion in renewable energy, grids and energy storage in the last 20 years, and we want to go further, investing €32.5 billion up to 2022.”
Ignacio S. Galán
Chairman and CEO of Iberdrola
“Newly built offshore wind power is now cheaper than black energy. The Eurelectric report convincingly demonstrates that Ørsted’s vision to create a world that runs entirely on green energy is within reach.”
Henrik Poulsen
CEO of Ørsted
“The transition to electrification and decarbonisation is without an alternative (unrivalled), but it should be fair! This is an especially sensitive topic for countries with a high share of coal power generation and low GDP.”
Slavtcho Neykov
Chair of Board of Managers of Energy Management Institute
“Decarbonisation makes sense for an island such as Ireland that is reliant on imported fuels but also has the second highest penetration of wind in Europe. While there is no roadmap that we can copy, the Eurelectric study on Europe’s electrification potential provides a path and a direction towards our vision of a decarbonised future powered by electricity.”
Dara Lynott
CEO of the Electricity Association of Ireland
"BDEW welcomes the three pathways elaborated in the Eurelectric study for achieving a CO2 neutral energy supply. The study demonstrates the great importance of existing low-carbon assets and the future potential for sector convergence."
Stefan Kapferer
Chair of the General Executive Management Board of BDEW
“We are not on a journey into the unknown. The road to a new energy world has two main stopovers: electrification and decarbonisation!”
Leonhard Schitter
President and Secretary General of Oesterreichs Energie
"The study clearly demonstrates that the EU electricity sector is well on track as far as GHG emission reduction in Europe is concerned. A strong increase in renewables backed by conventional plants and emerging technologies is how we will contribute to a sustainable society.”
Dr. Rolf Martin Schmitz
CEO of RWE AG
“Axpo is able to make a substantial contribution to a carbon free electricity supply. With our renewable and carbon free power generation park solutions. And as a leading player in managing renewable capacity throughout Europe.”
Andrew Walo
CEO of Axpo
“In a country like Luxembourg, where most carbon emissions originate from transport, it is crucial to support e-mobility if we are to decarbonise substantially as a country. All stakeholders agreed to set up a public charging infrastructure, with Creos in the spotlight as foremost grid operator, to specify, deploy and maintain this infrastructure. It fills me with pride to see us do our bit to reduce carbon emissions and make e-mobility a reality on Luxembourgish soil.”
Marc Reiffers
CEO of Creos Luxembourg S.A.
“We are committed to take our share of responsibility in pursuing the goal of carbon neutrality and have set nuclear energy and renewables as the two pillars of our electricity mix. We at EDF translate this vision into tangible goals, as milestones which are consistent with it: reducing our direct emissions under 40g/kWh by 2030, building 30 GW of solar capacity by 2035 in France, building 10 GW of global storage capacity by 2035.”
Jean-Bernard Levy
CEO of EDF
“Against the background of ambitious climate change reduction targets set at national and international levels, immediate action and strategy is needed. Together with strategic partners, VERBUND deploys innovative projects to decarbonise processes across sectors. Local battery storage systems such as the VERBUND’s SYNERG-E project play a key role in overcoming grid constraints and developing new business models on the market.”
Wolfgang Anzengruber
CEO of Verbund
“Vattenfall has embarked on an ambitious journey to become fossil-free within one generation. As shown in the new Eurelectric study, there are paths to deliver a completely CO2 neutral power supply in Europe well before 2050 in an affordable manner, while at the same time significantly growing the demand for fossil-free electricity as an effective means to reduce CO2 emissions in other sectors such as transport and industry.”
Magnus Hall
CEO of Vattenfall
"It is our core mission to lead the energy transition in our region. That means providing customers with centralised and distributed renewable energy, promoting energy efficiency and offering energy-related services at their home or workplace, while addressing their mobility needs with reliable e-mobility infrastructure. Decarbonisation is of prime importance in all these endeavours, with the aim to mitigate global warming and hence render the energy production and use sustainable."
Erik von Scholz
CEO of Enovos Luxembourg S.A.
Key Findings & Figures
#Carbon-neutral #electricity can bring EU to a deep 95% economy-wide #decarbonisation by 2050 in line with #ParisAgreement. To get there electricity must triple in final energy consumption to reach +60% (63% transport & heating, 50% industry): https://bit.ly/2P3xrz4 #itsElectric
Full #decarbonisation of #power sector can happen by 2045, with 80% electricity generated from #RES. It requires €89-111bn investment in #wind & #solar but also massive developments in #transmission #grids (+63% GW) & #flexibility solutions: https://bit.ly/2P3xrz4 #itsElectric
Thanks to massive cost reductions in #RES, the bulk of #emission cuts can now be achieved at a cost of €18-64/tCO2. By 2045, #wholesale power #prices are estimated to €70-75/MWh, a significantly lower level than previously assumed. Study: https://bit.ly/2RfcxPJ #itsElectric
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