The Paris Agreement created a link between current climate policies and achieving carbon neutrality by the end of the century. At the COP22 United Nations Framework Convention on Climate Change (UNFCCC) in Marrakesh in 2016, Portugal committed to being carbon neutral by 2050. Carbon neutrality refers to the balance between emissions of anthropogenic origin and removals by greenhouse gas (GHG) sinks. Achieving zero emissions in carbon represents an opportunity as well as a considerable challenge. The successful transition to zero emissions depends on the collaborative engagement between policies, technology and capital, as well as the effective involvement of the public and private sectors. The objective of this 18-month project is to promote the transition to carbon neutrality in Portugal by 2050 through the following actions:
- Evaluate the macroeconomic impacts and develop scenarios for the Portuguese economy in 2050 in order to create the most suitable policies to attain the goal of carbon neutrality;
- Provide a practical, independent and objective analysis of “alternative, technically and economically feasible and socially acceptable” scenarios by modeling evolution in four key sectors (energy, transport, waste, LULUCF and agriculture);
- Evaluate the role and impact of the transition to a circular economy in the decarbonization of the Portuguese economy;
- Define the implications for both the public and private sectors to achieve the national carbon neutral commitment.
In addition, the project provides from the outset, a broad and active involvement and mobilization of all stakeholders. The approach to stakeholder engagement will focus on assessing policy options and trajectories for the national economy, taking stakeholder perspectives into account and jointly analyzing the implications and opportunities derived from carbon neutrality. The project “Roadmap for Carbon Neutrality in 2050” is an initiative of the Portuguese Environmental Fund, led by Get2C and developed by a consortium.
Learn more at: www.descarbonizar2050.pt