According to the IEA, almost a quarter of global direct CO2 emissions comes from the industry sector. Which processes actually cause such emissions and how can we reduce or even eliminate them? To get an understanding of what can and needs to be done, we will visit highly efficient industrial sites, as well as sectors that are just at the beginning of the road ahead.
Linking policy and practice for clean energy transitions across sectors
Agora Energiewende and the International Energy Agency (IEA) are hosting a public event to discuss global perspectives for energy systems integration. The current trend towards electrifying transport, heating and industry represents a unique opportunity to decarbonise sectors, previously seen as hard to abate in terms of emissions. This, along with key resources such as hydrogen, contributes to broadening the scope of options to integrate ever greater shares of variable renewable energy (VRE) and accelerate the decarbonisation of the wider energy system. This event will shed light on the opportunities and challenges integrating electric vehicles into the power system and of synthetic fuel production and use.
Pricing greenhouse gas emissions is a way to put a price tag on the costs of their negative externalities in order to reduce and remove market distortions. Tools range from voluntary compensation, via taxation and special levies and fees to different trading schemes, and their implementation varies geographically. A border-adjustment tax would help adjust prices across the variety of schemes to avoid carbon leakage and resulting market distortions. What impact do different CO2 pricing mechanisms and adjustment taxes have on global trade?
The energy transition requires regional cooperation among EU Member States and with third countries in order to tap into the full potential of renewable energy. The North Sea Offshore Grid is one key example of a regional cooperation scheme. In 2010, a Memorandum of Understanding was signed by Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherland, Sweden, the United-Kingdom (joined by Norway a year later) to facilitate the efficient use of renewable energy and the building of new infrastructure for a North Sea Offshore Grid.
In 2017, Morocco, Germany, France, Spain and Portugal signed a roadmap on sustainable electricity trade, in the presence of the European Commission, aimed at identifying the barriers to renewable electricity trade between the five countries across the Mediterranean Sea.
The goal of this session will be to use these two examples to explore the role of regional cooperation schemes on renewable energy in view of reaching the 2030 renewable energy target.
There is a global agreement on reaching climate neutrality by 2050. To achieve this, the world needs a Global Green Deal with the transformation of the energy system at its heart. There is no middle way when it comes to combating emissions, and more than just energy is involved. One cannot argue with physics. How can we make economies and societies climate neutral? What are the implications for global trade? Which framework is needed to trigger a wide-ranging green stimulus? How will it change supply chains? How can we deliver on the different responsibilities and options of the global North and South? The transition to a green economy must be integrative, inclusive and holistic. What are the most promising concepts and what should be the next steps towards green transformation?