Today we present a first round of insights produced by NAVIGATE 2020 project on what it will take to define (and reach) an EU 2040 target that is fit-for-purpose. By that we mean a target that
builds on and accelerates the decarbonization trends, set in motion with the goal of -55% emission reduction by 2030; and that accelerates the rapid replacement of emissions-intensive with emissions-neutral activities in hard-to-abate sectors like heavy industry, aviation, shipping and agriculture in 2040-2050.
At the same time, the brief notes that the design of the EU 2040 target should not lose sight of the socio-economic implications of climate neutrality; it should factor in the distributional impacts of carbon pricing and the scope for revenue recycling so as to ensure a fair transition.
Many of the results are still preliminary and require some additional analysis before being submitted to peer-reviewed journals. Publications of final results and a final synthesis report are scheduled for the fourth quarter of 2023.
Read the brief at : https://lnkd.in/deb8x8e9
#NAVIGATE2020 is about developing the Next generation of AdVanced InteGrated Assessment modelling to support climaTE policy making. It brings together some of the leading Integrated assessment modelling teams from Europe with in depth expertise in transport, industry, buildings, agriculture, lifestyles, industrial metabolism, macro- and welfare economics, climate impacts, and sustainable development