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HSRCEurope Climate Change Mitigation & Adaptation Market & Technologies – 2022-2030 – With Corona & COP26 Impacts
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Europe Climate Change Mitigation & Adaptation Market & Technologies - 2022-2030 – With Corona & COP26 Impacts

Bottom-up Research of 177 Submarkets. 2026 Market of 843 Billion

  • July 2022
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Description

The 410-page Europe Climate Change Mitigation & Adaptation Market & Technologies – 2022-2030 – With Corona & COP26 Impacts report contains a thorough analysis of 16 sectors, 60 technology, 5 revenue source and 26 national markets, detailing 177 markets. According to the report, the 2026 market size will reach 843 billion.

 

IPCC-2022 Climate Change Temperature Rise effects on Europe

Source: IPCC Report Feb. 28, 2022

“People see that it (investments in renewables, following the Ukraine invasion) is not only a climate-related issue, but an energy security related issue”

R. Habeck, German Vice Chancellor, Feb. 2022

The following factors drive the European market:

  • Europe is the leader in the energy revolution. Nearly all the continent’s governments are committed to the COP26 agreement.
  • The Russian – Ukraine war is a threat to Europe’s energy security.
  • Coal has substantial shares in electricity production in Europe. Twelve European countries are committed to phase-out coal by 2030 and Germany by 2038.
  • Western Europe’s reliance on fossil energy import and its current conflict with Russia drive its low-carbon policy, with a strong decarbonization target of 55% by 2030 vs. the prior 40% policy. Last year it was introduced into the European Climate Law.
  • The UK embarked on an impressive goal to reduce GHG by 68% by 2030.
  • The EU R&D funding “Horizon Europe” committed about $35 billion from 2022 to 2027 to climate change mitigation research and development projects, about a third of Horizon Europe’s grants.

Europe Electric Generation Primary* Sources Outlook – 2050

(*) Excluding Hydrogen Generation sources, which are based on the primary sources
  • Several European countries, led by Russia, France and the UK, will expand their nuclear energy infrastructure and invest in small nuclear reactors (SMR) programs.
  • Onshore and offshore wind power generation dominates (about 50%) the 2050 electricity production, and solar PV follows (about 20%). The EU invests in electrolysis generated Hydrogen in the hope of dominating the energy sector by 2050.
  • About 40% of the European motor vehicle fleet will convert to EVs by the mid-2030’s.
  • Climate change is expected to boost the frequency of weather-related calamities across Europe in the coming years. Heavy rainstorms are expected to become more common and more intense, and flash floods are likely to become more frequent across the continent.
  • Strong public support. 90% of Europeans believe their children will experience the effects of climate change.
  • In 2021, the European Parliament approved a landmark law setting GHG targets for 2050 to achieve carbon neutrality and, after 2050 – negative emissions.
  • Following Russia’s invasion of Ukraine, the EU and European governments launched sweeping changes to planning laws and investments to improve th...
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