Eurogas recently launched the study “Pathway to a carbon neutral 2050: the role of gas”, commissioned with international consultant DNV GL. The study achieves the EU’s climate goals at significantly lower costs than European Commission estimates and stresses the need for the development of a hydrogen economy in the 2020s.
James Watson, Eurogas’ Secretary General, commented: “The study demonstrates that the EU can save €4.1 trillion by 2050 – an amount equivalent to Germany’s annual GDP in 2018 – by using a mix of energy carriers to achieve carbon neutrality.
Major cost savings in applying this approach in the buildings sector are particularly key to saving this huge amount of money. This finding is of high importance as Europe needs funds to recover from Covid-19.”
Please read details and the study here https://eurogas.org/media_centre/press-release-2050-carbon-neutrality-a-eurogas-vision-for-an-affordable-energy-transition/