Electric power systems are a cornerstone of the European Union?s strategy to achieve climate neutrality by 2050. This study introduces a custom-built, transparent, and user-friendly model that leverages artificial neural networks to forecast the electricity mix based on historical generation data. The model accommodates a range of generation technologies, including coal, natural gas, other fossil fuels, nuclear, hydroelectric, wind, solar photovoltaics, bioenergy, and other renewables. In addition to the Business-as-Usual scenario, three alternative pathways are examined, each aligned with different strategic, technical, and policy objectives. The model estimates plant capacities required to meet projected electricity demand in 2050 while considering direct capital expenditures for new constructions and decommissioning. Results suggest that achieving the EU27?s greenhouse gas reduction targets by 2050 will be extremely challenging under the current trajectory. A successful transition demands substantial adjustments in energy strategy at both EU and member state levels, underpinned by a comprehensive framework that integrates technical, economic, social, and environmental factors.
Gvozdenac et al. (Thu,) studied this question.