EU Member States' Long-Term Strategies: Climate Neutrality By 2050.pdf

Slovakia's LTS aims for climate neutrality by 2050, lacking specificity on sectoral coverage and excluding some key metrics. The strategy presents two scenarios: one with existing measures (WEM) and another with additional measures (WAM). Both fall short of achieving the target by 2050, emphasizing the need for further action.

Key Findings:

1. Climate Neutrality Goal: Achieve climate neutrality by 2050, including nuclear energy in the energy mix.

2. Scenarios:
- WEM: Based on existing policies.
- WAM: Includes additional measures beyond WEM.

3. GHG Reductions (WAM Scenario): Aim for an 80% reduction in GHG emissions by 2050 compared to 1990 levels, with no intermediate targets (2040).

4. Sectoral Projections (to 2040):
- Power: 4.21 Mio. tCO2eq (2040)
- Industry: 9.90 Mio. tCO2eq (2040)
- Transport: 6.15 Mio. tCO2eq (2040)
- Buildings: 1.62 Mio. tCO2eq (2040)
- Agriculture: 2.57 Mio. tCO2eq (2040)

5. Renewable Energy Sources: Biomas is identified as having the largest energy potential, with plans for sustainable use criteria and infrastructure adaptation.

6. Energy Efficiency: Targeting a 60% energy savings rate in buildings by 2050, along with increased renovation rates and monitoring by the Slovak Innovation and Energy Agency.

7. Investment Needs: Total investment needs exceed €200 billion (4.2% of GDP) over 2020-2050. Households will face significant costs for energy efficiency measures.

8. Socio-Economic Impacts:
- GDP increase: 3% in WAM vs. WEM scenario by 2050.
- Employment decrease: 0.9% in WAM vs. WEM scenario by 2050.

9. Adaptation Policies: References two adaptation plans, but public consultation details are limited. Legal status of the LTS and target bindingness are unspecified.

10. Completeness: The LTS is detailed, with projections to 2050, but lacks mandatory elements like GHG intensity of GDP, building emission reductions (post-2040), and specific renewable energy and consumption data.