Eurogas supports higher decarbonisation ambitions for 2030 which are an additional opportunity to demonstrate the central role of natural, renewable and decarbonised gas in achieving the GHG reduction targets.
Increased targets must be accompanied by a social, economic, and environmental impact assessment that shows that these can be achieved in a responsible way. Complementary measures that would enable deep and quick GHG reductions should also be developed along with the higher targets.
The gas sector can contribute to balancing volatile renewable energy production enabling an affordable energy transition with short-term results in the next decade. A Eurogas study from 2017 estimated that a coal to gas switch in power would achieve a 45% CO2 emissions reduction target alone. If ambition is increased further a coal to gas switch will do most of the emission reduction work.
The current ETS is already a driving force behind coal-to-gas switching and a push to go beyond national commitments to phase out coal and decarbonising industry. It is essential that the robustness of the ETS is maintained and that the advantages of alternative sources such as renewable and decarbonised gases are recognised.
The gas sector is going through a transition. Natural gas can deliver on the EU’s decarbonisation efforts towards 2030, notably by providing a competitive alternative to coal and oil, while increased volumes of renewable and decarbonised gases will be indispensable in meeting the 2050 climate neutrality targets.
Eurogas works with its European Social Dialogue partners to anticipate the changes in the gas sector and ensure industrial and employment opportunities for the EU workers. The Social Dialogue also promotes European leadership in clean gas technologies.
The European gas sector represents an indispensable part of the energy transition towards a carbon neutral economy by 2050 and the long-term future of a successful and competitive European Industry/economy. It is important to have full alignment between a future sustainable finance framework and the overarching objectives of ensuring a safe, secure, sustainable and affordable energy supply underpinning the Energy Union.