COVID-19 Opens Opportunities to Attain European Climate Goals

According to WEC (World Energy Council) in the Netherlands, complete decarbonization must restrain carbon dioxide emissions after the pandemic permanently. The report states that several parties look at how the pandemic has threatened the goals of the Paris project.

According to the council chairman, Jeroen van Hoof, COVID-19 has weakened the world to make intelligent and sustainable choices. One question remains unanswered: “Has the pandemic brought a permanent change in the reduction of carbon dioxide emissions, or is it only temporary?”

Economic problems have led to a decrease in gas emissions. However, it also led to a significant increase in emissions during recovery.

For that reason, people must cooperate to ensure that the world can maintain the change inevitably created, with more focus on the need to go green. With that in mind, there are higher chances of achieving a better scenario and a quicker transition.

Council chief economist Jan Willem Velthuijisen believes that some early indications show that Europe and the world will go greener in the long run. Having that on balance, Europe must attain their Paris climate goal of developing faster and reaching CO2 targets to lessen decarbonization significantly.

The European, American, and Chinese governments are now looking at climate change very seriously, and they have made tangible steps since 2020. Investors are striving to accelerate their targets.

Moreover, the use of energy within the community has become less due to work-from-home setups. Transport electrification, hydrogen production, and other recycling technologies are having a rise in sales. With all the said, Europe is a country that can lead the world to become greener.

Large clusters in the European industries play a significant role in pushing decarbonization forward. Van Hoof expresses that you will see collaborations and priorities on efficient energy use and business models within those groups.