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Keramidas, Kimon [Author]; Fosse, Florian [Author]; Diaz Rincon, Andrea [Author]; Dowling, Paul [Author]; Garaffa, Rafael [Author]; Ordonez, Jose [Author]; Ruß, Peter [Author]; Schade, Burkhard [Author]; Schmitz, Andreas [Author]; Soria-Ramirez, Antonio [Author]; Vandyck, Toon [Author]; Weitzel, Matthias [Author] ; Europäische Kommission Gemeinsame Forschungsstelle

Energy trade in a decarbonised world

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  • Media type: E-Book
  • Title: Energy trade in a decarbonised world
  • Contributor: Keramidas, Kimon [Author]; Fosse, Florian [Author]; Diaz Rincon, Andrea [Author]; Dowling, Paul [Author]; Garaffa, Rafael [Author]; Ordonez, Jose [Author]; Ruß, Peter [Author]; Schade, Burkhard [Author]; Schmitz, Andreas [Author]; Soria-Ramirez, Antonio [Author]; Vandyck, Toon [Author]; Weitzel, Matthias [Author]
  • Corporation: Europäische Kommission, Gemeinsame Forschungsstelle
  • Published: Luxembourg: Publications Office of the European Union, 2022
  • Published in: Global energy and climate outlook ; 2022
    JRC science for policy report
    EUR ; 31355
    JRC ; 131864
  • Extent: 1 Online-Ressource (circa 104 Seiten)
  • Language: English
  • DOI: 10.2760/863694
  • ISBN: 9789276604983
  • Identifier:
  • Keywords: climate change policy ; carbon neutrality ; reduction of gas emissions ; energy industry ; G20 ; Paris Agreement on Climate Change ; environmental policy ; environmental protection ; research report ; Graue Literatur ; Amtliche Publikation
  • Origination:
  • Footnote:
  • Description: This edition of the Global Energy and Climate Outlook (GECO 2022) presents an updated view on the implications of energy and climate policies around the world. Current climate policy pledges and targets imply a rapid decline in greenhouse gas emissions, but there remains both an implementation gap in adopting policies aligned with countries' mid-term Nationally Determined Contributions and Long-Term Strategies, and a collective ambition gap in reducing emissions to reach the Paris Agreement targets of limit global warming to well below 2°C and pursue efforts to 1.5°C. This report provides insight into the structural evolution of energy trade in a decarbonising world in the coming decades. Meeting the 1.5°C target set out in the Paris Agreement requires a rapid shift to low-carbon energy systems, which implies a strong decrease in total volumes of fossil fuel trade, partially offset by an increase in alternative forms of energy trade, such as biomass and low-carbon hydrogen. With a greater share of energy produced domestically, the decarbonisation effort results increased energy self-sufficiency. We examine the role of hydrogen specifically: the share of hydrogen and of derived fuels in total global final energy consumption remain low by 2050 (7% and 5%, respectively). International hydrogen trade is limited (6-11% of hydrogen demand), with most trade taking place via pipeline from neighbouring regions. The trade of hydrogen-derived liquid fuels is more pronounced (up to 25% of these fuels' demand) and takes place over longer distances by ship. Embodied energy trade remains an important element in a decarbonised global economy, while shifting away from embodied fossil fuels towards embodied low-carbon electricity.
  • Access State: Open Access
  • Rights information: Attribution (CC BY)