LONDON--(BUSINESS WIRE)--The European Union has adopted a highly ambitious target of decarbonizing power generation and other key industrial sectors, in addition to 67% cuts in greenhouse gas (GHG) emissions from transport and up to 91% in reductions within the residential sector by 2050. To accomplish these goals, the EU embarked on a strategy of developing a holistic view of energy, transport, and efficiency – a departure from the traditional silo approach to policymaking. The roadmaps produced as part of this process provide several directional indicators on technology development in the EU, along with key targets that must be addressed at the member state level. According to a new white paper from Pike Research, these initiatives will be a major defining force in the structure of the region’s clean energy industry over the next four decades and beyond. The paper, which includes analysis of the impact on specific energy and transportation sectors, is available for free download on Pike Research’s website.
“The implications of the EU 2050 initiatives cannot be understated, as they form a blueprint for the transition to a Smart Energy economy and a Smart Transport network within and across 27 countries, with a total population of 501 million people,” says research director Kerry-Ann Adamson. “This emerging framework will have a profound effect on the development of clean energy, the smart grid, and intelligent transportation systems.”
Analysis in the Pike Research white paper focuses on the implications of EU 2050 targets within several key sectors, including the following:
- Technology development and deployment
- Shipping
- Alternative fuel vehicle refueling technology
- Residential energy markets
- Development of alternative business models
- Energy storage
- Microgrids and distributed generation
- Development of alternative consumption models
- Intelligent transportation systems
- Carbon reduction at residential levels
Pike Research’s white paper, “European Union Clean Energy Policy”, examines issues related to the EU 2050 targets and analyzes their implications alongside broader economic opportunities, such as creating a world-leading cleantech investment hub in the EU and developing a robust energy infrastructure based on low-carbon technologies. The paper provides interpretation and analysis of policy trends as they relate to the development and adoption of emerging smart energy and transportation technologies and operational models. A full copy of the white paper is available for free download on the firm’s website.
Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors. For more information, visit www.pikeresearch.com or call +1.303.997.7609.