The unique Dutch climate law aims for a CO₂ reduction of 49% in 2030 and 95% in 2050 compared to 1990. That 49% amounts to about 41 megatonnes of CO₂. Such a legal requirement survives cabinets. This long-term perspective is favorable for Circular Energy and investors who have focused their eyes on a sustainable future.
In 2030 we will have to reduce our CO₂ emissions with 49% compared to 1990. In order to achieve this goal, the Dutch government, the industry and NGO’s have negotiated a climate agreement. The climate plans are forged at five different 'tables'. The tables for industry (29%) and electricity (41%) are responsible for most of the CO₂ reduction. Housing (7%), mobility (15%) and agriculture (7%) for the least.
The amount of renewable electricity must grow: from 17 TWh to 84 TWh in 2030. Offshore wind farms have an important share (at least 49 TWh in 2030). In 2020, the government will appoint extra locations.
It is the intention that subsidies for renewable energy will disappear after 2025. It is possible that other 'instruments' will be set up that make it financially more attractive to invest in sustainable energy.
Emissions from the industry must be reduced to zero. To this end the industry must focus on electrification, making heat use more efficient and reusing raw materials.The target for industry is 14.3 megaton less emissions in the coming years. Innovation is an important pillar here, as is the conclusion of agreements with other countries. The government asks the industry to invest, but also makes a financial contribution itself (which will increase to 550 to 1000 million euros per year by 2030).
The storage of CO₂ is seen as a necessary intermediate solution to achieve the targets for 2030 and not as a substitute for sustainability in the longer term.
Contribution Circular Energy
Circular Energy contributes to this in various ways. First of all, we prevent the emission of CO₂ through capture and storage. In addition, we stabilize the supply of wind farms through the battery working principle of our installation. And we reduce the dependence on imported electricity by efficiently making use of the remaining quantities of Dutch natural gas.