100% renewable electricity
A roadmap to 2050 for Europe and North Africa
A new study demonstrates how the opportunity exists to power Europe and North Africa exclusively by renewable electricity by 2050, if this is supported by a single European power market united with a similar market in North Africa. The study has formulated the first policy roadmap towards a 2050 goal of achieving a 100% renewable power sector in Europe and North Africa. Such a transformation of the power sector would address energy security and supply concerns while decarbonising electricity generation and at the same time contribute to a substantial reduction in energy poverty.
The study is published by international energy and climate experts from PricewaterhouseCoopers LLP in collaboration with researchers of the Potsdam Institute for Climate Impact Research (PIK), the International Institute for Applied Systems Analysis (IIASA) and the European Climate Forum (ECF). The report's Policy road map focuses on:
- The development of Europe wide business cases by 2015 for renewables and grid infrastructure projects at a European level, that include long term renewable (REN) and climate targets
- The build-up of significant renewable energy generation capacity by 2015 to harvest wind and solar potentials
- Phasing out of fossil fuel subsidies by 2020 and the development of a strategic timeline for phasing out financial support for renewable technologies
- Setting up of REN targets for North Africa by 2020
- The creation of a single European power market by 2020
- Strategic decommissioning of fossil fuel plants in the EU and North Africa beginning in 2030, leading to their wholesale replacement by large scale renewable power generation by 2040
Source: Source: News release PricewaterhouseCoopers [1]