Electricity sector developments in 2020 demonstrated the key role of renewables and nuclear power in achieving President Biden’s goal of realizing “a carbon pollution-free electricity sector by 2035” and the EU’s target of 55 percent emissions reduction by 2030. But it also reinforced the magnitude of the challenge ahead, with fossil fuels still representing 60 percent of the power generation mix in the United States and 37 percent in the European Union, as well as the importance of pursuing an aggressive sustainable recovery plan to avoid a rebound in emissions.
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The pandemic and electricity transformation in the United States and the European Union: Developments in 2020
Electricity sector developments in 2020 demonstrated the key role of renewables and nuclear power in achieving President Biden’s goal of realizing “a carbon pollution-free electricity sector by 2035” and the EU’s target of 55 percent emissions reduction by 2030. But it also reinforced the magnitude of the challenge ahead, with fossil fuels still representing 60 percent of the power generation mix in the United States and 37 percent in the European Union, as well as the importance of pursuing an aggressive sustainable recovery plan to avoid a rebound in emissions.