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SCALING UP INNOVATIVE TECHNOLOGIES FOR CARBON NEUTRALITY (according EU)



Our staff was reviewing the latest report from the EU about demonstration projects and pilots that can unlock a carbon neutral future.


Intro

The report discusses the need for the European Union (EU) to accelerate its transition to clean energy and reduce its dependence on fossil fuels. The EU has set out plans to achieve these goals through diversifying energy imports and reducing gas consumption. Emergency measures were taken in 2022 to address high energy prices and increase the ambition of renewables and energy efficiency targets. The unprovoked invasion of Russia into Ukraine has further increased the urgency of diverting from fossil fuels to reach the Green Deal objective of climate neutrality by 2050 and an intermediate target of reducing greenhouse gas emissions by at least 55% below 1990 levels by 2030. The report also discusses the revision of the EU Emissions Trading System to incentivize energy-intensive industrial installations to reduce their emissions more rapidly.


Some practical implications

  • The report highlights the need for the EU to accelerate its transition to clean energy and reduce its dependence on fossil fuels.

  • The EU has set out plans to achieve these goals through diversifying energy imports and reducing gas consumption.

  • Emergency measures were taken in 2022 to address high energy prices and increase the ambition of renewables and energy efficiency targets.

  • The unprovoked invasion of Russia into Ukraine has further increased the urgency of diverting from fossil fuels to reach the Green Deal objective of climate neutrality by 2050 and an intermediate target of reducing greenhouse gas emissions by at least 55% below 1990 levels by 2030.

  • The report also discusses the revision of the EU Emissions Trading System to incentivize energy-intensive industrial installations to reduce their emissions more rapidly.

  • The report suggests that several EU countries could verify with industry which of the technologies already demonstrated at (or reaching) TRL 6-8 should be brought to the level of a first-of-a-kind plant (TRL 9).

  • The existing multi-country cooperation in the ReActiv project creates a basis for potential future cooperation on leveraging follow-up investments to bring technologies to market.

  • The three projects aiming to get close to market could have proven their viability by 2025. They would then benefit from favorable framework conditions in terms of the availability of skills and infrastructure and could facilitate a wider application of the technology throughout the EU.

  • Concerning the FLEXindustries demonstrator, Bulgaria could consider engaging with industry to verify whether it should be brought to first-of-a-kind level (TRL 9) in the coming years.

For more details you can access the complete Report here:

EU Report Carbon Neutrality TRLs
.pdf
Download PDF • 1.86MB




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