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By using subseasonal and seasonal forecasts, energy companies can improve their management of weather-related risk and potentially increase their profits. Such forecasts can thus contribute to speeding up the transition to renewable energy.
Under the 2015 Paris Agreement, the world’s governments have committed to strengthening the global response to the threat of climate change by keeping the global temperature rise this century well below 2°C above pre-industrial levels, and to pursue efforts to limit the temperature increase to 1.5°C.
To reach the ambitions of the Paris Agreement, the EU has pledged to cut its greenhouse gas emissions by at least 40% by 2030 compared with 1990 levels, and is currently debating whether to increase this target to “put the EU on a balanced pathway to reaching climate neutrality by 2050.”
Increasing the share of renewable energy will be key to cutting Europe’s greenhouse gas emissions. Although the share of clean energy in Europe has been increasing steadily, the pace of growth has slowed down in recent years.
The share of renewables in the EU’s gross final energy consumption stood at 18% in 2018, according to the latest figures from Eurostat. The EU aims to increase this to at least 32% by 2030.
Better forecasts can …
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