Deploying Technology to Achieve a Sustainable Europe

Deploying Technology to Achieve a Sustainable Europe

          
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Deploying Technology to Achieve a Sustainable Europe

A Vision for the Energy Sector in 2050
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    The time has come for all the stakeholders in the European Union to change the way energy is produced and consumed. Current approaches are not sustainable, and they threaten the future economic and environmental viability of the region. Although the depth and breadth of the required changes are staggering, The Boston Consulting Group has concluded that current technologies can be deployed in a transformative way, shaping the landscape of the future to achieve enhanced efficiency and reduced emissions, and creating what we envision as a Sustainable Europe.

    BCG has recently completed a comprehensive study of the energy sector in Europe, modeling several scenarios for its future. In this report, we summarize our findings, describing the challenges Europe will most likely face through 2050 and outlining BCG’s vision for the road ahead.

    Our study takes into account several recent actions and proposals by the European Commission: the expert discussions held by the Directorate-General for Energy and Transport; the European Strategic Energy Technology Plan; the “20/20 by 2020” targets, which call for the countries of the EU to achieve a 20 percent increase in energy efficiency and a 20 percent reduction in greenhouse gas emissions, and for renewable energy sources to account for 20 percent of overall energy consumption in the EU by 2020; and the goal of developing a competitive internal energy market.

    In this report, we also provide guidance and insight on the implications of the evolving energy landscape for all major stakeholders, including policymakers, power producers, and power consumers. We hope that these stakeholders will be able to draw on our findings to inform their decisions and guide their short- and long-term strategies during this time of change and uncertainty.

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