Report
Patrick Artus

Is the European Union’s new CO2 strategy realistic?

In late November 2019, the European Commission decided that CO 2 emissions in the European Union would have to be reduced by at least 50% by 2030. We examine the feasibility of this target, looking at what it will entail : As a trend break; For fossil fuel consumption; For the investment drive in renewable energies; For the European Union’s energy intensity and growth. To reduce the EU’s CO 2 emissions by 50% in 11 years (by 2030; the current trajectory would lead to a 15% reduction), according to our calculations: Coal would have to be completely replaced by natural gas; Energy efficiency would have to improve by 17%; Fossil fuel consumption would have to be reduced by 29%; Renewable energy production would have to increase by 2.4 times, requiring a 2.6-fold increase in investments in these energy sources.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

Other Reports from Natixis

ResearchPool Subscriptions

Get the most out of your insights

Get in touch