power choices reloaded: - Europe’s Lost Decade?

Cost-effi cient policies are essential, therefore: E nsure the completion of the internal energy market; Make the ETS the main policy instrument for driving investment choice in CO reduction, 2 including for driving the expansion of mature renewables and energy effi ciency through a carbon price signal; Fix the ETS by an early revision of the linear reduction factor in line with a 2030 target; Sup. [...] B y 2020 overall energy system cost in the economy is Starting with emissions of 350g/kWh in 2010, the sector will effectively the same in the Power Choices Reloaded deliver about 10g/kWh in 2050 in the Power Choices Reloaded scenario as in the Reference scenario. [...] plateau, the overall energy system cost in the Power Choices Reloaded scenario will decrease; Reaching the whole-economy 2050 goal requires a signifi cant I n contrast, in the Lost Decade scenario, energy costs share of fi nal energy use to switch to electricity, notably in the trend in only one direction: increasing costs of energy. [...] CO2 emissions in transport (Mt) In short, the Lost Decade is the worst of all worlds: expensive 1200 in the beginning, and drastically more expensive in the end. [...] The scenario: Mirrors the assumptions in the Commission’s energy roadmap Use All Options scenario; Additional scenarios M eets all the 2020 targets, although moderating the Additional scenarios were defi ned as variants of the Power assumptions on achieving the 20% energy effi ciency Choices Reloaded scenario.