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Title: Net-Zero Europe Decarbonization pathways and socioeconomic implications

Authors: Giacomo Talluri, Marco Buffi

Publication Year: 2020

Proposed by: Kyriakos Maniatis

Project Areas: General Policy and Market

Abstract

McKinsey has attempted to find a societally cost-optimal pathway to achieving the emissions targets established by the European Green Deal plan.We defined more than 600 emissions-reduction initiatives covering 75 economic sectors and ten geographic regions. Then we selected initiatives and combined them to form different decarbonization pathways, any of which would enable the European Union to achieve its targets for 2030 and 2050. Countless possible pathways exist, covering a wide range of costs and economic impacts. This report describes the least costly pathway among the many we identified.

This project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement No. 101006717.