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Revealing the potential of Electricity in the Decarbonisation Challenge

Explore how electrification can drive decarbonisation in Europe, reaching 2030 Climate & Energy Targets. Learn about the European power sector's commitment to sustainability and investment needs, unveiling the true value of electricity.

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Revealing the potential of Electricity in the Decarbonisation Challenge

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  1. Revealing the potential of Electricity in the Decarbonisation Challenge Karl Vella - EURELECTRIC • 10 May 2017 • MEDELEC Workshop 2017 • Istanbul

  2. EURELECTRIC – representing the European electricity sector across the entire value chain ENERGY POLICY & GENERATION MARKETS DISTRIBUTIONNETWORKS RETAIL CUSTOMERS ENVIRONMENT & SUSTAINABLE DEVELOPMENT Members representing electricity sector in over 30 European countries. EURELECTRIC represents 3500 companies with an aggregate turnover of €200 billion. EURELECTRIC’s Structure of Expertise provides input to development of the sector’s policy positions, statements reports etc.

  3. Presidency Priorities (2015-2017)

  4. Presidency Priorities (2015-2017)

  5. European Power Sector is fully committed to Decarbonisation The European electricity sector is committed to providing carbon neutral electricity in Europe by 2050. Fully support the objectives of the Paris Agreement. Achieving these objectives will be essential to guarantee the long-term sustainability of the global economy. As electricity generation becomes increasingly decarbonised, using more electricity in sectors like Transport and Heating & Cooling provides a powerful pathway for these sectors on the road to decarbonisation.

  6. The EU’s 2030 Climate & Energy Targets • In 2014, the European Council (Heads of State from all 28 EU Member States) agreed these targets whichset the basis for a holistic and market-based policy framework.

  7. Achieving the EU’s 2030 targets and the Paris Agreement will require massive investment in power generation EU 2030 Climate & Energy Targets* €50 billion/year up to 2030 in power generation *European Council conclusions, October 2014 -40% reduction domestic greenhouse gas emissions €40 billion/year up to 2030 in power grids >27% share of renewable energy consumption >27% Improvements in energy efficiency

  8. How is the EU’s 40% Greenhouse Gas reduction target split?

  9. Decarbonisation of the European power sector is happening Low carbon sources already dominate the European power generation market In 2015 - 56% of all electricity generated across the EU came from low carbon sources: Nuclear, Hydro and Renewables

  10. Power to the People !!! A BRIGHT FUTURE FOR EUROPE The Value of Electricity in Decarbonising the European Union “Electrification is a winning strategy for Europe that will add value to the everyday lives of European citizens, and supports the pursuit of key EU decarbonisation objectives. Cost-effective decarbonisation is crucial for Europe to remain competitive in the global market.” Antonio Mexia, EURELECTRIC President

  11. Electrification is a winning strategy for Europe • Improving • value • The strong value proposition of electricity Expanding value Realising value

  12. The European power sector’s value proposition today Source: EURELECTRIC

  13. The European power sector’s value proposition today Source: EURELECTRIC

  14. Improving the value proposition of Electricity in Europe Carbon emissions by sector Source: EU Ref Scenario 2016

  15. Improving the value proposition of Electricity in Europe Carbon emissions by sector Investments in Europe clean energy in 2004-2016: €882 billion Source: EU Ref Scenario 2016

  16. Strengthening the value proposition of Electricity • The strong value proposition of electricity

  17. Strengthening the value proposition of Electricity • The strong value proposition of electricity

  18. Expanding Value through Transport and Heating & Cooling 1 Enabling system integration 2 Empowering active customers 3 Improving security of supply 4 Improving air quality 5 Increasing efficiencies

  19. Making it happen! 1 Implement strict GHG emissions standards for Cars and Vans 2 Invest & facilitate the rollout of Electric Vehicle-charging infrastructure 3 Encourage private investment to close energy efficiency financing gap 4 Legislation to recognise that electricity is increasingly coming from low carbon sources

  20. Electrification in the Clean Energy Package Revise the MARKET DESIGN to attract investments Achieve the ENERGY UNION Reveal the value of electricity: ELECTRIFICATION PROMOTE DSOs as technological enablers and market facilitators Reinforce the focus on retail with EMPOWERED CUSTOMERS Ensure a cost-effective DECARBONISATION

  21. Electrification through the Long term low emission strategies • The nationallong-term low emission strategies should also provide commitment to an electrification agenda. • The rate of electrification should be an important KPI to measure progress to decarbonised energy systems as part of the Member States. • The proposed 50 year horizon should be keptto provide a strategic vision and should be complementedbymore elaborate national climate and energy strategies for the first 30 years, up to 2050. VISION 2070 STRATEGY 2050 PLAN 2030

  22. Understanding the benefits of Electrification in Transport • Energy efficiency gains • Electric car engines are around 4 times more energy efficient than internal combustion engines: With the same amount of energy used for 1 internal combustion vehicle, you can propel 4 electric vehicles. • Emission savings • As emissions in the electricity sector are capped by the ETS, electrification of any sector results in a de-facto decarbonisation of this sector • In well-to-wheel calculations and with the current European electricity mix, electric vehicles emit 50% less CO2 than an average internal combustion engine vehicle • Sector coupling and contribution to an integrated system • With dynamic pricing and a charging station equipped with a smart metering and communication devices, EVs can charge at time of high renewables feed-in – generating savings for the driver’s electricity bill and at the same time providing valuable flexibility for the electricity system

  23. Power to the People – Follow the Campaign!! A BRIGHT FUTURE FOR EUROPE The Value of Electricity in Decarbonising the European Union Download the Report at www.eurelectric.org/publications

  24. Power to the People – Follow the Campaign!! A BRIGHT FUTURE FOR EUROPE The Value of Electricity in Decarbonising the European Union Follow EURELECTRIC’s Electrification Campaign on Twitter: #itsElectric @EURELECTRIC

  25. Thank You Karl Vella kvella@eurelectric.org

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