The modelling of a comprehensive energy-economic scenario shows, a pathway reaching the Paris climate goals of at least 80-90 percent GHG emissions reduction by 2050/1990 is principally feasible for Austria, given a coherent portfolio of policy measures cutting across all social and economic sectors, including substantial carbon pricing. A reduction in energy consumption is key to achieving national mitigation targets considering constraints for renewable energy deployment. Investment in technology-led energy efficiency gains for capital and consumer goods as well as changes in behavior and lifestyle patterns regarding energy demand generate cost-savings through lower energy bills and generate economic stimuli. Ultimately, this increases the average annual GDP growth rate to an average of 1.7 percent p.a. (compared to 1.5 percent in a baseline) with a significant fall in energy demand in the main aggregated sectors. Growing the economy appears to be compatible with climate mitigation.
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Front Matter
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Part I: Economic incentives for the energy transition
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Part II: On the road to low-carbon transport
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Part III: Challenges to low-carbon strategies in Australia and East Asia
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Part IV: Prospects for decarbonisation and circular economy
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Part V: Relevant legal and economic considerations from other sustainability contexts
