AleaSoft, May 28, 2021. The Climate Change Law is ambitious towards the ultimate goal of the climate neutrality in 2050. But it underestimates the role that green hydrogen will play in the energy transition as replacement of the current fossil fuels. The key role of hydrogen in the coming decades will be analysed in the next AleaSoft’s webinar, which will also include the participation of the Director‑General of AEGE to talk about the PPA in the electro‑intensive industry.
The recently approved Law of Climate Change and Energy Transition aims to shield Spain’s commitment to meeting the objectives of the Paris Agreement and, thereby, put the achievement of the objectives of greenhouse gas emissions reduction in 2030 on track to achieve the climate neutrality by 2050.
Greenhouse gas emissions reduction objectives
The Law sets, by 2030, the objective of reducing the emissions by a minimum of 23% compared to 1990. For this, the objectives of reaching a penetration of renewable energies in the final energy consumption of, at least, 42% and a share of renewable energies in the electricity generation mix of, at least, 74% are proposed.
On the demand side, the objective of improving the energy efficiency by reducing the primary energy consumption by, at least, 39.5%, with respect to the baseline is established according to community regulations.
The role of hydrogen in the energy transition
In the drafting of the Law, the mention of green hydrogen as a key energy vector in the energy transition is missing. At AleaSoft, attention was already drawn to this fact when the bill was published a year ago. In the final text of the Law, hydrogen is simply mentioned as a renewable gas to be promoted together with biogas, biomethane and other alternatives.
According to AleaSoft, specific objectives should be established regarding the capacity to produce hydrogen from renewable energy sources, as well as its use as a substitute for fossil fuels, in areas such as transport or industry, or as a seasonal energy storage system. In the next webinar organised by AleaSoft, on June 10, the essential role that green hydrogen will play in the energy transition will be analysed and debated.
The decarbonisation of the transport
A quarter of all emissions in Spain and the European Union comes from the transport sector and, of these, the vast majority, from the road transport. Thus, the decarbonisation of the road transport is one of the greatest challenges. The Climate Change Law will promote the use and electrification of the public transport, guarantee the existence of sufficient electrical recharging infrastructures and prevent the sale of passenger cars and light commercial vehicles powered by gasoline, diesel or hybrids from 2040.
In the last webinar organised by AleaSoft, on May 13, the decarbonisation of the transport sector was analysed as one of the main challenges of the decarbonisation of the economy in the face of the climate neutrality before 2050.
The next AleaSoft’s webinar
The next webinar organised by AleaSoft will be held on June 10 with the title “Prospects for energy markets in Europe. PPA and their importance for large consumers. Vision of the future”. In addition to the usual analysis of the evolution of the European energy markets, the part of the vision of the future will focus on the decarbonisation of the industrial sector and the role that green hydrogen will play in the energy transition. On this occasion, Fernando Soto, Director‑General of AEGE, will be present to analyse the Statute of the electro‑intensive consumers, the PPA with the endorsement of the State and how these can benefit both large consumers and the development of the renewable energies.
Source: AleaSoft Energy Forecasting.