2020 edition of the Low Emissions Scenario from Statkraft now available

Each year, Statkraft develops its Low Emissions Scenario, analysing developments in the global energy markets. These analyses are used as background when Statkraft consider new investments. For the fifth consecutive year, Statkraft now share these long-term analyses.

2019s report concluded that the consequences of climate change are far more expensive than meeting the climate targets.

While the global energy-related emissions will be in line with a 2-degree pathway, last year's report also analysed what would be required for Europe to follow a 1.5-degree path, which would be quite ambitious.

A surprising finding in this year’s report was that there is a relatively small cost difference when steering towards 1.5 degree instead of a 2 degrees pathway. If we aim for 1.5 degrees, the energy system costs will be well below 1 per cent of European GDP in 2050. Globally, several experts have estimated the cost of a 2 to 3 degrees warming by 2100 to be between 5 and 10 per cent of global GDP.

Have a read through this year’s report. I am sure you will find it just as interesting!