European Union

How the European Union could achieve net-zero emissions at net-zero cost

Seven European Union flags are seen in front of a building.

A potential pathway to reduce the EU's emissions by 55% by 2030. Image: Unsplash/Guillaume Périgois

McKinsey & Company
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EU emissions development, index (1990=1.0)
Th EU will need to reduce net GHG emissions much faster to meet 2030 and 2050 climate targets. Image: EEA, Eurostat, McKisney analysis.
EU emissions by sector, megatons of carbon dioxide equivalent
The bulk of Europe's emissions are generated by five sectors. Image: IEA, UNFCCC, McKinsey analysis
Total emissions per sector in cost-optimal pathway for EU-27.
The power sector would reach net-zero emissions before the other Image: IEA; UNFCCC, McKinsey analysis
European Union Climate Change SDG 13: Climate Action
Through 2030, nearly two-thirds of emissions reduction could be achieved with energy efficiency and electrification. Image: McKinsey & Company
Total capital expenditure in EU-27, trillion euros
Reaching net zero would require an estimated 28 trillion euros in investment over the next 30 years. Image: IEA; UNFCCC, McKinsey analysis
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Related topics:
European UnionClimate ChangeSDG 13: Climate Action
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