This is the launch event of two papers co-authored by ERCST/ICTSD and Bruegel, as part of the joint project 'Developing the EU Long-Term Climate Strategy'. This meeting will include a detailed presentation by the authors Andrei Marcu (ERCST/ICTSD) and Georg Zachmann (Bruegel), and will benefit from the participation of, among others, Eva Svedling, Swedish State Scretary for Climate Eva Svedling, and Artur Runge Metzger, Director at DG Climate.
The European commission has decided to renew its “Roadmap for moving to a competitive low carbon economy in 2050”. The Roadmap is an important policy document, bringing a long-term outlook to the EU’s decarbonization transition while promoting consistency with science, addressing energy-security and ensuring opportunities for growth and jobs.
However, much has changed since the Roadmap was issued in 2011. The Paris Agreement has raised global climate change mitigation ambition – setting the EU on the path towards zero-net emissions by 2050, and the scientific understanding of climate change has been further deepened through the more recent IPCC 5th Assessment Report. The EU’s Energy Union package needs to be factored into its internal longer-term climate policy perspective, as well as the decreased costs of mitigation technologies such as renewable energy.
The EU needs an updated long-term roadmap, not only to maintain consistency with longer-term objectives and for the 2018 Facilitative Dialogue, but also to ensure the long-term policy predictability necessary for enabling and maintaining the low-carbon transition and linked investments.
The project “Developing the EU Long-Term Climate Strategy”, a joint initiative of Bruegel and the European Roundtable Climate Change and Sustainable Transition (ERCST/ICTSD), aims to provide a “roadmap” for the development and delivery of the EU’s new long-term decarbonization strategy.
After the five workshops across the EU to gather the views of stakeholders, the two deliverables of the project are launched today:
i. A technical document, describing all potential choices that could be made in the new long-term climate strategy, with an analysis of the trade-offs implied.
ii. A policy document, presenting a number of inherently consistent set of choices that may serve as basis to build the new roadmap.
This project is made possible by the generous support of Sweden, Denmark, France and Germany, the European Climate Foundation, Climate-KIC, Enel, EdF and Shell.