How economic and social actors can champion CO2 phase-out
Greenhouse gas emissions will need to rapidly fall from now to 2050 if we are to keep the European and global economy on a track consistent with the Paris Agreement. Incremental gains in energy or production efficiency will not provide the necessary emission reductions, while the profound transformation required will put the whole economy, and some sectors especially, in front of a great challenge. Lowering emission caps or an ever increasing carbon price would challenge innovators, redefine competitiveness and could have a restructuring effect on markets.
Can deep decarbonisation pathways be reconciled with the political objectives of reinvigorating European industries and strengthening economic competitiveness? What does science have to say about the risks and opportunities related to innovation, deployment, financing or public acceptance?
The session is hosted by DG RTD and EASME and features contributions from three EU-funded research projects, followed by a panel discussion:
- INNOPATHS: Innovation pathways, strategies and policies for the Low-Carbon Transition in Europe. (Project website: http://www.innopaths.eu/)
- REINVENT: Realising Innovation in Transitions for Decarbonisation . (Project website: http://reinvent-project.eu/)
- EU-CALC: EU Calculator: trade-offs and pathways towards sustainable and low-carbon European Societies. (Project website: http://www.european-calculator.eu/)
These three projects also contribute to the work of a high-level expert panel, established by the European Commission (DG Research and Innovation), which prepares a report on the research and innovation challenges that will have to be tackled on the way towards the full decarbonization of the European economy. This report will be published mid-2018