Peru

Main findings

2050 projections of power and industrial high temperature heating sectors:

• Projected no-action emissions based on current energy mix: 35.1 MtCO2e /year+

• Maximum mitigation potential: 35.1 MtCO2e /year

• Most important needle-mover are onshore wind and battery storage.

• Average cost of achieving zero emissions with only domestic measures is USD 18.1/tCO2e (shown as a negative “additional cost”) compared to BAU no action scenario.§

• In international collaboration, essential technologies include PV energy and onshore wind for reducing system costs. Ammonia storage also plays a significant role, providing flexibility in meeting energy demands.

+Emissions are the annualized value for a 30-year project starting in 2050 (i.e., divided by 30 from the total project emissions)

§A negative value for cost of achieving net zero with only domestic measures implies that BAU-No Action scenario assuming current energy mix leads to a more expensive system than when investing in zero-carbon power generation for this country. Please see Country-specific notes on Methodology - National and Collaboration Modelling (STEVFNs) section below for detailed information on assumptions leading to this result.