LAPSE:2023.3606v1
Published Article

LAPSE:2023.3606v1
Review and Perspectives of Key Decarbonization Drivers to 2030
February 22, 2023
Abstract
Global climate policy commitments are encouraging the development of EU energy policies aimed at paving the way for cleaner energy systems. This article reviews key decarbonization drivers for Italy considering higher environmental targets from recent European Union climate policies. Energy efficiency, the electrification of final consumption, the development of green fuels, increasing the share of renewable energy sources in the electric system, and carbon capture and storage are reviewed. A 2030 scenario is designed to forecast the role of decarbonization drivers in future energy systems and to compare their implementation with that in the current situation. Energy efficiency measures will reduce final energy consumption by 15.6%, as primary energy consumption will decrease by 19.8%. The electrification of final consumption is expected to increase by 6.08%. The use of green fuels is estimated to triple as innovative fuels may go to market at scale to uphold the ambitious decarbonization targets set in the transportation sector. The growing trajectory of renewable sources in the energy mix is confirmed, as while power generation is projected to increase by 10%, the share of renewables in that generation is expected to increase from 39.08% to 78.16%. Capture and storage technologies are also expected to play an increasingly important role. This article has policy implications and serves as a regulatory reference in the promotion of decarbonization investments.
Global climate policy commitments are encouraging the development of EU energy policies aimed at paving the way for cleaner energy systems. This article reviews key decarbonization drivers for Italy considering higher environmental targets from recent European Union climate policies. Energy efficiency, the electrification of final consumption, the development of green fuels, increasing the share of renewable energy sources in the electric system, and carbon capture and storage are reviewed. A 2030 scenario is designed to forecast the role of decarbonization drivers in future energy systems and to compare their implementation with that in the current situation. Energy efficiency measures will reduce final energy consumption by 15.6%, as primary energy consumption will decrease by 19.8%. The electrification of final consumption is expected to increase by 6.08%. The use of green fuels is estimated to triple as innovative fuels may go to market at scale to uphold the ambitious decarbonization targets set in the transportation sector. The growing trajectory of renewable sources in the energy mix is confirmed, as while power generation is projected to increase by 10%, the share of renewables in that generation is expected to increase from 39.08% to 78.16%. Capture and storage technologies are also expected to play an increasingly important role. This article has policy implications and serves as a regulatory reference in the promotion of decarbonization investments.
Record ID
Keywords
CCS, decarbonization, Energy Efficiency, energy policy, green deal, green fuel, Hydrogen, Renewable and Sustainable Energy
Subject
Suggested Citation
Beccarello M, Di Foggia G. Review and Perspectives of Key Decarbonization Drivers to 2030. (2023). LAPSE:2023.3606v1
Author Affiliations
Beccarello M: Department of Business and Law, University of Milano-Bicocca, 20126 Milan, Italy
Di Foggia G: Department of Business and Law, University of Milano-Bicocca, 20126 Milan, Italy [ORCID]
Di Foggia G: Department of Business and Law, University of Milano-Bicocca, 20126 Milan, Italy [ORCID]
Journal Name
Energies
Volume
16
Issue
3
First Page
1345
Year
2023
Publication Date
2023-01-27
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en16031345, Publication Type: Journal Article
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LAPSE:2023.3606v1
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https://doi.org/10.3390/en16031345
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Feb 22, 2023
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