Shell Scenarios Sketch: A Climate-Neutral EU by 2050

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In December 2019, the European Commission announced “A European Green Deal” – including the European Climate Law committing the EU to becoming “climate neutral” by 2050. The Green Deal sets out a way to align EU policies around the 2050 target, taking a comprehensive system-wide approach and fundamentally resetting the EU’s energy and climate policies.1 Importantly, it also sets out a strategy for stimulating economic growth and industrial competitiveness, and for supporting an inclusive and “just” transition. There are still several outstanding questions that need to be answered. What, for example, must change for the EU to achieve climate neutrality by mid-century? What could a European energy system consistent with climate neutrality look like? How does society get there? And which policies are needed to support that change? As an energy business that aims to contribute to the global effort to tackle climate change and help support the goals of the Paris Agreement – and committed to serving the needs of customers across Europe – Shell is determined to explore these areas.