Climate change is an existential threat which requires urgent action at the international level. Decarbonisation is essential to guarantee the long-term sustainability of the global economy, and we are committed to leading this transition.
Eurelectric strongly welcomed the Paris agreement as a major landmark in addressing the global climate change challenge. The Accord sent a clear signal that the international community recognised the need to fight climate change and transition to a low-carbon world.
Decarbonised electricity is an important part of the solution. Our members are committed to have a carbon-neutral electricity mix in Europe well before mid-century. It goes hand in hand with ensuring a competitively priced and reliable electricity supply throughout an integrated European energy market.
Eurelectric supports efforts to move towards a low-carbon economy in a way that is environmentally and economically sustainable. It is essential for the EU energy and climate policy to support competitiveness by promoting reductions of greenhouse gas emissions in a cost-effective manner.
Decarbonising electricity has immense value beyond the power sector itself. Clean electricity can help energy using sectors, like transport or space heating, which cannot decarbonise on their own, but need to decrease their emissions to achieve the Paris agreement. Investing in clean power generation and transition-enabling solutions facilitates cost-effective decarbonisation, whilst contributing to sustainable development of the EU economy with competitively priced clean electricity.
Eurelectric is optimistic about the to EU Recovery Package, both in its capacity to reboot the economy in the aftermath of COVID-19, and accelerate the deep decarbonisation, allowing the EU to meet the 2050 carbon neutrality goal.
The “Fit for 55” Package, under the Green Deal initiative offers a number of avenues to meet the aims of the energy transition. Of the €750 billion NextGenerationEU recovery fund, 37% of that will be invested in Green Deal objectives. The Commission is thereby facilitating our ability to meet the new objectives of the 2030 EU Climate target plan, which would aim to see a 55% reduction in emissions from 1990 levels, up from the previous 40% emissions reduction target.