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Industrial 2050 Roadmaps

The Industrial 2050 Roadmaps project aims to understand decarbonisation options in the medium to long term and develop policy action plans for industry and government, while remaining competitive. It involves multiple stakeholders and focuses on strategy, energy costs, research and development, and skills. The project aims to achieve emissions reductions while addressing policy challenges such as finance, investment decision-making, and industrial clustering.

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Industrial 2050 Roadmaps

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  1. Industrial 2050 Roadmaps

  2. Objectives • Understand decarbonisation options in the medium to long term (2020-2050) while remaining competitive; • Improve data for DECC modeling – 2050 calculator; • Develop shared evidence base between government and industry; • Understand investment decision-making context; • Agree on policy measures needed to achieve emissions reduction while remaining competitive, highlighting actions to be taken by industry, Government and others. Industrial 2050 Roadmaps

  3. Outputs • Develop several modelled pathways for decarbonising each sector; • Overview of the business environment; • Build policy action plans for industry, government and others. Industrial 2050 Roadmaps

  4. Governance • Joint project between DECC and BIS; • Consultancy consortium of Parsons Brinckerhoff and DNV·GL; • Interdisciplinary sector teams consisting of BIS and DECC officials, CPI and academic; • Involvement of academic – Professor Harald Grossman of the University of Dresden; • Involvement of Confederation of European Paper Industries; • Input from individual companies. Industrial 2050 Roadmaps

  5. Analysis Industrial 2050 Roadmaps

  6. Higher Decarbonisation Pathway Industrial 2050 Roadmaps

  7. Cross-cutting themes • 1. Strategy, leadership and organisation • 2. Business case barriers • 3. Future energy costs, energy supply security, market structure and competition • 4. Industrial energy policy context • 5. Life Cycle Accounting • 6. Value Chain Collaboration • 7. Research, Development and Deployment (RD&D) • 8. People and skills Industrial 2050 Roadmaps

  8. (Some of the) Policy Challenges • Public Finance • Investment decision-making • Energy Prices • Industrial Strategy • Skills policy • Competition Policy • Access to EU funding • Material efficiency • Industrial Clustering Industrial 2050 Roadmaps

  9. Timing • 8 sectoral roadmaps and cross-cutting summary published in March; • Familiarising Ministers with analysis and conclusions; • Negotiation between trade associations and Government, facilitated by the consultants; • Analysis and policy conclusions ready for Spending Review. Spending Review will end in Autumn. Budget sets the scene. Industrial 2050 Roadmaps

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