Published November 23, 2023 | Version v1

A multi-model analysis of the EU's path to net zero

Description

The EU has committed to becoming a net-zero economy by 2050, with many member states having integrated this goal into national strategies. However, the bloc's path toward achieving these targets remains unclear. We use five whole-system climate-economy models and two sectoral models to explore how the EU can keep net zero within reach by mid-century, offering insights into intermediate milestones and implications at sectoral and national levels. Our results indicate that a 62% emissions reduction in the Emissions Trading System and 40% in the Effort Sharing Regulation, compared with 2005 levels, are in line with cost-optimal paths toward the bloc's 55% emissions cuts target by 2030. Bridging the gap with net zero in 2050 entails near-complete decarbonization of ETS, total decarbonization of electricity, and complete phaseout of unabated coal power by 2040, as well as rapid scale-up of negative emissions technologies and an 80% diffusion of renewables in the EU electricity mix by 2050.

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Boitier, et al. Joule, 2023.pdf

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Additional details

Related works

Is supplemented by
Dataset: 10.5281/zenodo.10044337 (DOI)

Funding

European Commission
PARIS REINFORCE - Delivering on the Paris Agreement: A demand-driven, integrated assessment modelling approach 820846
European Commission
IAM COMPACT - Expanding Integrated Assessment Modelling: Comprehensive and Comprehensible Science for Sustainable, Co-Created Climate Action 101056306
European Commission
DIAMOND - Delivering the next generation of open Integrated Assessment MOdels for Net-zero, sustainable Development 101081179

Dates

Available
2023-11