CO2 emissions from electricity generation among Europe’s 10 largest economies fell by 7% in 2020, according to the latest figures provided by Wärtsilä’s Energy Transition Lab. To learn more, read “Power CO2 emissions fall 7% across Europe’s top 10 economies in 2020: Wartsila.”
- CO2 emissions fell by 36.7 million mt to 489.1 million mt as the effects of the coronavirus pandemic combined with an ongoing phase-out of coal for electricity generation in many European countries.
- Austria led the way with the largest percentage drop in emissions in 2020, down 28.8% from the previous year, reflecting the closure of the country’s largest coal-fired power plant in April 2020.
- The pandemic combined with government-mandated coal phase-outs to accelerate the pace of the energy transition, with the share of renewables reaching levels not previously expected for another 10 years.
- “One year since lockdowns began, we must now focus on a strategic, scientific, and intelligent approach to cutting carbon emissions that enables us to achieve the Paris Agreement while actually benefiting our economy and improving our quality of life,” said Tony Meski, senior market development analyst at Wartsila Energy Business.
Path to 100% Perspective:
Although record breaking carbon reductions have been recorded, the global economy has been put under intense strain. One year since lockdowns began, the focus is now moving to a strategic, scientific, and intelligent approach to cutting carbon emissions while benefiting the economy and improving quality of life. Energy demand will rebound and emissions with it. Innovators, leaders, and policymakers need to capture this moment and be ambitious with investments in renewables and flexible technologies while they remain highly competitive.
The Wärtsilä Energy Transition Lab is a free-to-use data platform to help the industry, policy-makers, and the public understand the impact of COVID-19 on European electricity markets and analyze what this means for future energy systems. The goal is to help accelerate the transition to 100% renewables.
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