The top 10 solar markets in the EU accounted for 87 per cent of all deployments in 2022, a 3-percentage point decline from their proportion of 90 per cent in 2021. Between now and then, the share of the top 5 solar markets has decreased, accounting for 65 per cent of the market as opposed to 75 per cent in 2021 and 78 per cent in 2020. This is also demonstrated by the fact that more nations than the previous year have installed solar power.
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The European Parliament has sanctioned a law that effectively bans the sale of new petrol and diesel cars in Europe beginning in 2035. This step has been taken in order to accelerate efforts to reduce carbon emissions from new passenger vehicles and light commercial vehicles or vans by 100 per cent. Members of the European Parliament applauded the legislation which is in line with Europe’s climate-related policies.
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Europe’s over-reliance on imported fossil fuels has led to today’s painfully high energy bills and has been weaponized by Putin throughout Russia’s invasion of Ukraine. The EU’s ‘REPowerEU’ plan, formed in response to the invasion, takes the positive step of increasing renewables in order to decrease gas imports and meet climate objectives.
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This paper sets out key policy recommendations to accelerate this transition, tackling key challenges of the transition including methane leakage and gas blending. This paper also examines the role of hydrogen in this transition, how to grow the hydrogen sector to meet the needs of a net zero economy and prioritise its use to deliver rapid emissions reductions.
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Imported green hydrogen produced from renewable energy — and the green ammonia made with it — are crucial for European industry to eliminate its reliance on Russian natural gas. Imports of these clean energy fuels are already cost-competitive and can substitute most fossil fuels used by heavy industry and transport in the EU within eight years.
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Europe needs to rebuild its international credibility, to help foster a global green recovery and net zero development trajectories. This largely depends on whether, and how quickly, the EU demonstrates solidarity with countries hit hardest by multiple crises. Europe’s energy response and its approach to energy diplomacy, to be redefined in this month’s International Energy Strategy, will be read by its partners as a key test of solidarity.
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As countries seek to reduce their reliance on fossil fuel imports from Russia, the prospect for renewables has never looked brighter. While it is intermittent, the output from wind and solar projects is emissions-free and effective in improving a country’s energy security, particularly for those with strong natural resources such as sunny Spain or windy Britain.
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A European Parliament resolution stated that the EU should immediately cease imports of Russian oil and gas in the event of an invasion. Yet Member States currently disagree on a prompt and complete ban. Germany is among those blocking it. This division is no surprise. The EU imports 90% of its gas. Yet given this context, could the current crisis still be a game changer for the EU and Member States instead of throwing us back to high fossil fuel reliance and jeopardizing climate targets and the Green Deal?
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The EU’s statistical office of the European Union Eurostat just published its statistics on the share of renewable energy sources in the electricity, heating & cooling and transport sector in 2020. With a 22.1% share of energy consumed from renewable sources in 2020, the EU has reached its headline target of 20% for that year. There is now a need for structural changes for an energy transition based on 100% renewables.
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Linklaters LLP has published a report titled “ESG for Debt Capital Markets at a Glance.” The report provides a snapshot of the EU reporting and disclosure, product governance and labelling regimes and monetary policy initiatives relevant to debt capital market participants in the wholesale primary markets, as well as a word on how the UK’s regime is taking shape.
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The briefing “The Race to Net Zero is Good for European Business” by Ciarán Humphreys, Researcher, E3G explores the benefits of the transition to net-zero, in terms of business performance, regional development and international competition. It also examines how governments can support and accelerate this transition through progressive, cohesive policy measures.
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To keep up with the ongoing transformation of the energy sector in Europe, we need data that is accurate and up-to-date. This publication provides an overview of the most relevant annual energy-related statistics for the European Union as a whole and for each of its Member States.
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The European Commission’s proposals to deliver the European Green Deal are impressive. They are laying out the necessary architecture and measures needed to drive a fair socio-economic transformation to climate neutrality. Key elements of the proposals must however be strengthened through the upcoming negotiations to not only pick up the pace on the transformation of EU heating, power, and industrial sectors, but also boost its social and international credibility.
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Svevind Energy, a German-Swedish company in Kazakhstan stated that it was collaborating with the Kazakh Invest National Company on the world’s largest green hydrogen complex, which would be fueled by 45 GW of wind and solar energy installed in the Central Asian nation.
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For years, European countries have built “waste-to-energy” incinerators, saying new technology minimized pollution and boosted energy production. But with increasing concern about the plants’ CO2 emissions, the EU is now withdrawing support for these trash-burning facilities.
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While the North Sea offers the best prospects by far, there is significant potential in other waters, including the Baltic Sea, the southern European waters and the Black Sea.
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To achieve the current EU 2030 targets, annual investments in energy during 2021-30 will need to increase by over 1 percentage point of GDP (or EUR260 billion) on average compared to the previous decade. For an increased GHG reduction target of 55 per cent, this amount would increase to EUR350 billion. The annual energy infrastructure investments are estimated at EUR59 billion.
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Chinese President has declared that China will strive to become carbon neutral by 2060. The decision has high consequences for the European Union. However, for the time being, a carbon-neutral China remains a vague political aspiration.
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The global energy landscape is changing. This is particularly true in EU countries, which are preparing to implement the Clean Energy Package. Distribution System operators (DSOs) have historically had an important role in connecting low carbon generation, but with the pace of decarbonisation and electrification of the energy system they are having to adapt quickly.
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