TY - THES ID - 137614619 TI - Meeting CO2 reduction goals in the EU AU - Geerdens, Gerben AU - Vandebroek, Martina AU - KU Leuven. Faculteit Economie en Bedrijfswetenschappen. Opleiding Master in het management (Leuven) PY - 2016 PB - Leuven KU Leuven. Faculteit Economie en Bedrijfswetenschappen DB - UniCat UR - https://www.unicat.be/uniCat?func=search&query=sysid:137614619 AB - The main reason behind the current climate change is global warming. Human influence on the climate system is clear, and recent anthropogenic emissions of greenhouse gases are the highest in history. The current atmospheric CO2 concentration reach higher than 400 ppm, higher than the largest peaks of 300 ppm in the past 425,000 years. If current emission trends continue, the global average surface temperature will have warmed 1.2 to 1.7°C by 2050, compared to pre-industrial times. The largest source of greenhouse gases is still the burning of fossil fuels. In order to not exceed the 2°C warming limits and emissions goals set during the recent climate conference in Paris, the use of fossil fuels as an energy source should be replaced by renewable sources. To meet the ambitious goals of the European Union, an emission reduction pathway till 2050 is constructed, together with the yearly required investment. This yearly investment should increase from 75 billion euro in 2016, to peak around 2035 at about 245 billion euro, before decreasing again to about 75 billion euro in 2050. ER -