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Luxembourg

"This edition of the Global Energy and Climate Outlook (GECO 2023) presents an updated view on the implications of energy and climate policies worldwide to reaching the goals of the Paris Agreement, and contributes to JRC's work in the UNFCCC policy process. This report provides insight into the investment and related new jobs required by the transition to a low-carbon economy. Current climate policy pledges and targets imply a rapid decline in greenhouse gas emissions. Still, there remains both an implementation gap in adopting policies aligned with countries' mid-term Nationally Determined Contributions and Long-Term Strategies, and a collective ambition gap in reducing emissions to reach the Paris Agreement targets of pursuing efforts to limit global warming to 1.5°C. Global emissions are projected to peak during the current decade, but failing to implement additional policies puts the world on a trajectory towards a long-term temperature increase of 3°C. The current decade is key for keeping the 1.5°C target possible. GECO 2023 highlights the global investment needs of the 1.5°C scenario. Accelerated decarbonisation efforts are needed across all sectors of the economy. Energy sector investments need to triple this decade, doubling energy efficiency rates and bringing renewables deployment to 11 TW by 2030. This transition comes along with substantial investment spill-over and stimulus effects, boosting investment and employment across value chains, e.g. in the construction and electrical and equipment goods manufacturing."
"This edition of the Global Energy and Climate Outlook (GECO 2023) presents an updated view on the implications of energy and climate policies worldwide to reaching the goals of the Paris Agreement, and contributes to JRC's work in the UNFCCC policy process. This report provides insight into the investment and related new jobs required by the transition to a low-carbon economy. Current climate policy pledges and targets imply a rapid decline in ...

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Luxembourg

"This edition of the Global Energy and Climate Outlook (GECO 2020) puts its focus on analysing the impact of the Covid-19 outbreak on the transport sector as a whole. The transport sector has suffered the greatest slump in mobility demand of the history during the lockdown period, while the oil price has plummeted. This report explores the impacts of transport activity trends that may persist in the future from the structural changes induced by the Covid-19 pandemic, as well as of policy initiatives that may be adopted as enabling measures for low-carbon transport. While greenhouse gas emissions in this “New Normal” differ significantly compared to previous projections, the emissions gap towards a 2°C pathway is closed only by some 29%, thereby stressing the need of more ambitious collective action to maintaining global temperature change to well below 2°C."
"This edition of the Global Energy and Climate Outlook (GECO 2020) puts its focus on analysing the impact of the Covid-19 outbreak on the transport sector as a whole. The transport sector has suffered the greatest slump in mobility demand of the history during the lockdown period, while the oil price has plummeted. This report explores the impacts of transport activity trends that may persist in the future from the structural changes induced by ...

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Journal of Cleaner Production - vol. 48

"The automobile industry faces increasing demands from society to reduce emissions from road vehicles. The objective of this paper is to assess whether the EU automobile industry has an appropriate innovation structure for R&D in low carbon vehicles and the role that public R&D policy can play. The Sectoral System of Innovation approach is used to map the innovation system. Then, the functions of the Technological Innovation System (TIS) framework are used to explore the innovation processes in the system. The analysis has shown that there is an effective innovation system, which may soon move into a growth phase of large scale technology diffusion. There is now a concentration of industrial research efforts on battery and hybrid electric vehicles. Since technologies such as fuel cells and composite materials have potential benefits, public R&D support may be needed to ensure their development in a range of relevant firms in the EU."
"The automobile industry faces increasing demands from society to reduce emissions from road vehicles. The objective of this paper is to assess whether the EU automobile industry has an appropriate innovation structure for R&D in low carbon vehicles and the role that public R&D policy can play. The Sectoral System of Innovation approach is used to map the innovation system. Then, the functions of the Technological Innovation System (TIS) ...

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