• Energy and climate outlook: the main challenges

• Oslo 21 February 2013, • János Herman, • Ambassador of the European Union to Norway

Energy

Target: Low carbon-economy by 2050 100% Power Sector Current policy 60% Residential & Tertiary Industry 40% Transport 20% Non CO2 Agriculture Non CO2 Other Sectors 0% 1990 2000 2010 100% 80% 80% 60% 40% 20% 2020 Energy 2030 2040 0% 2050 5 .

Energy Roadmap 2050: a long-term policy framework Aim of the Energy Roadmap . Give more certainty to governments and investors Explore routes towards a low-carbon energy system by 2050 which improve competitiveness and security of supply Basis for developing the 2030 policy framework and concrete milestones Energy . . .

total costs are similar to current policies. High RES Delayed CCS Low nuclear Capital cost Energy fuel purchases Total Energy system costs In all decarbonisation scenarios. Energy .Energy Roadmap 2050: Decarbonisation is economically feasible Average annual energy capital and fuel costs from 2011 to 2050 for each scenario 3000 2500 2000 1500 1000 500 Ref CPI High Energy effic. Div. supply techn.

90% 10% 5.40% 12.70% 24.80% 8.40% 5.60% 34.60% 0.70% 11.50% 9.10% 12.10% 9.40% 21.40% 12.90% 0% EU MT LU UK NL BE CY IE HU IT GR CZ PO DE SK FR BG ES LT RO SI DK EE PT AT FI LV SW Energy .50% 8.10% 21.70% 2020 23.90% 40% 33.70% 24.90% 2.30% 3.30% 3.30% 30% 2010 30.10% 20% 14.00% 21.70% 9.40% 10.High share of Renewables – significant challenges ahead 50% 46.50% 5.

Natural gas – a transition fuel for decarbonisation Less CO2 intensive fuel Gas-to-power is a suitable backup solution for Renewables Gas-fired power stations support the integration of Renewables Energy .

Natural gas with carbon capture & storage (CCS) Even greater potential for natural gas with carbon capture & storage Commission support for CCS demonstration projects Norway an important partner in development of CCS technology Energy .

Internal energy market and infrastructure Priorities beyond 2020 Energy .

Energy efficiency: benefits are enormous = 368 Mtoe 2.6 bn 193 billion EUR 20% Energy saving target 1 000 less coal power plants = = = 500 000 less wind turbines Primary energy savings in 2020 Barrels of oil we do not have to import per year Money saved at 73 EUR/barrel per year Energy 12 .

Conclusion and outlook:  2030 Policy framework  Completion of the Internal Energy Market  Framework for national interventions in the energy sector Energy .