Robust cost-effective 2050 investment strategies in a volatile context : Deliverable D-3.3
Abstract
This report aims to provide sound science-based scenarios and technology recommendations to support the green transition and reaching the European and Danish targets for 2030 and 2050. The Smart Energy Systems approach suggested here creates robust energy systems by changing to systems based on more investments and less on fuel and operation costs. Using synergies between sectors, minimizing fuel inputs from biogenic sources creates both low-cost systems that are less vulnerable to fuel price fluctuations. In order to deal faster with climate change and the current energy security situation, some investments can be accelerated. - A robust energy system increasing energy security in potentially volatile contexts. - A clear direction towards climate neutral energy systems based on energy efficiency and renewable energy - Clear recommendations on the specific role for key technologies based on physics and system analyses - A climate neutral Europe is achievable in 2050 and for Denmark in 2045 - Energy efficiency across all sectors makes the green transition more achievable and puts a lower strain on materials and key resources.