Beyond 2030: what the EU's decarbonisation roadmap means for its low-carbon economy Report

Insight 15 February 2024

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Report summary

The EU published a raft of recommendations and initiatives in early February that aim to rewrite the bloc's roadmap for decarbonisation. Here, we analyse the impact of the recommended 2040 emissions reduction target, the Industrial Carbon Management Strategy and the Net-Zero Industry Act on 11 sections of the low-carbon economy.

Why the EU's new 2040 climate target will be tough - and how it could meet it
The EU lacks funding to deliver on its climate ambition ( Lindsey Entwistle )
Lots more ambition and clarity of direction – but the clock is ticking ( Mhairidh Evans )
Carbon removals expected to scale rapidly to complement the EU ETS ( Nuomin Han )
The EU looks to promote domestic sourcing of carbon offsets ( Nuomin Han )
The NZIA: good news for EU hydrogen technology manufacturers ( Greig Boulstridge )
Widespread electrification is critical but may fall short of targets ( Peter Osbaldstone )
The Net Zero Industry Act is a boost for nuclear SMRs ( David Brown )
Achieving 40% domestically manufactured solar will be a tough challenge ( Yana Hryshko , Juan Monge and Michelle Davis )
Strengthening Europe’s offshore wind supply chain through auction design ( Sasha Bond )
The NZIA aims to promote turbine manufacturing, but no financial grants are available ( Zoe Grainge )
Battery production targets will require EUR37 billion in capex ( Max Reid, Prateek Biswas and Suzanne Shaw )