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Robert Pietzcker Profile picture
Robert Pietzcker
@RobertPietzcker
researcher @PIK_Climate #RenewableEnergy #EnergyEconomics #LowCarbon #EUETS #ClimatePolicy, energy system modeling
Apr 27, 2021 • 7 tweets • 10 min read
1/5
 We finally published study on impacts of tightening the #EUETS in line with #EUGreenDeal on power sector #decarbonization sciencedirect.com/science/articl…

In short:
1. Carbon prices in the ETS would triple to ~130€/tCO2 in 2030, effectively phasing out coal power in the EU by 2030 2/5
2. CO2 prices would also reduce gas-based generation by 40% in 2030 already

3. The power sector would reach zero emissions by 2040

4. Renewable share in electricity >74% in 2030, with average yearly wind + solar scale-up over 2020-2030 in Europe: 80GW/year