Gas Pathway to EU Carbon Neutrality
James Watson (June 30): Eurogas commissioned a study from DNV GL “to demonstrate there are many different pathways to 2050, but we wanted to establish which would be the most affordable way. Decarbonized and renewable molecules will help us reach the European Commission’s (EC’s) 2050 Climate Neutrality Ambition in a more cost effective way than a pathway based on high levels of electrification. One thing is for sure, whichever pathway you want to take, you cannot get to climate neutrality without gaseous molecules.”
To assess how to achieve a decarbonized future for the European energy sector and European consumers DNV GL developed a 100% CO2 emissions reduction pathway (net zero)–labelled the
‘Eurogas scenario’. This scenario builds on the strengths of the European gas sector and the advantages of energy delivery through existing gas networks. The Eurogas scenario was subsequently compared with an alternative pathway focusing on replacing gaseous energy with (primarily) electricity. This is called the 1.5TECH scenario in this report, and is DNV GL’s interpretation of the EC’s 1.5TECH scenario presented in 2018 as part of the EU’s “long-term strategic vision for a prosperous, modern, competitive and climate neutral economy”
- Hydrogen, biomethane and carbon capture and sequestration (CCS) can reduce the carbon footprint of the European gaseous energy supply chain by 89% in 2050 in the Eurogas scenario.
- Continued gaseous energy supply in the Eurogas scenario delivers a net zero energy system at significantly lower cost (130 billion euro in annual savings) in 2050.
- It provides society with a cheaper pathway to reducing emissions (~10 trillion euro in savings between 2018-2050).
- In the Eurogas scenario, the total cost of delivering the EC’s net zero ambitions by 2050 is 4.1 trillion euro (7%) lower than the 1.5TECH scenario.