The Commission adopted a long-term strategy for carbon neutrality in 2050
BRUSSELS - On 28 November 2018, the European Commission adopted the new strategy called "A clean planet for all", a long-term vision for a prosperous, modern, competitive and climate neutral economy.
The document defines the road to reach carbon neutrality by 2050, through innovative investments in several key technologies and industries. In order to realize this ambitious scenario, a joint action in seven different fields is required.
Energy efficiency in buildings plays a major role in this vision and it is the first necessary step to tackle emission reduction. In fact the technology for zero emission buildings is already available, but financial instruments are still needed to unlock the energy efficiency potential, overcome market failures and trigger buildings renovation in the whole continent.
But energy efficiency alone is not enough to reach the goal of carbon neutrality. Only a joint action will allow to realize this objective. Energy efficiency should go together with:
- a decarbonized domestic energy supply (thanks to renewable energy sources and energy storage to cope with intermittency),
- a cleaner multi-modal urban mobility and a railways network of high speed/high capacity trains for medium distance travels,
- a competitive industry driven by the principles of circular economy,
- a smart network infrastructure, especially in the field of energy distribution and transports,
- a strong bio-economy, that can offset emissions and create carbon sinks,
- a realistic deployment of carbon capture and storage technology to tackle the remaining greenhouse gas emissions.
Carbon neutrality can be reached by increasing the investments in these seven key sectors up to a realistic 2.8% of EU GDP (today they account for 2%). The Commission calls all European Institutions and Member States to adopt this long-term vision for their policies and especially for the new-coming National Climate and Energy Plans.
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