Nordic energy technology perspectives 2016 executive summary

There is a clear technological and economical pathway for the Nordic region to push towards a near carbon-neutral energy system in 2050. Together, Nordic countries can send a strong signal to the global community that the ambitious aims of the Paris Climate Agreement are achievable.

The Nordic Carbon-Neutral Scenario (CNS) central to this report sets out three macro-level strategic actions that will be key in achieving the climate targets of the Nordic countries in 2050. In the context of an overarching aim to achieve a near carbon-neutral energy system, governments, policy makers and private sector decision makers should: 1. Incentivise and plan for a Nordic electricity system that is significantly more distributed, interconnected and flexible than today’s. 2. Ramp up technology development to advance decarbonisation of longdistance transport and the industrial sector. 3. Tap into the positive momentum of cities to strengthen national decarbonisation and energy efficiency efforts in transport and buildings.

Nordic Energy Technology Perspectives 2016 (NETP 2016) presents technology pathways towards a near-zero emission Nordic energy system, in direct response to the ambitious national climate targets for 2050 across the region. It is the result of a joint project involving the International Energy Agency (IEA), Nordic Energy Research and leading research institutions from all five Nordic countries. While the analytical framework (including technology assumptions and global fuel prices) is common to the IEA's Energy Technology Perspectives 2016, NETP 2016 presents in-depth Nordic scenarios tailored to inform the decisions of Nordic policy makers. The analysis is presented around the Nordic Carbon-Neutral Scenario (CNS), which results in an 85% reduction in emissions by 2050 (from 1990 levels). The Nordic 4°C Scenario (4DS) entails a 42% reduction and serves as the baseline.

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