Tag: Russia Ukraine

EU Action On Energy Crisis: Report

In this report, CREA and Ember analyse European national responses to the gas crisis and Russia’s war on Ukraine. They show that the majority of European countries have significantly stepped up their ambition in terms of renewable energy deployment since 2019,
while decreasing planned 2030 fossil fuel generation to shield themselves from geopolitical threats.

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 The Risks of Investing in Blue Hydrogen for Europe

Elevated gas prices and a future tight market means blue hydrogen is no longer a low-cost solution; IEEFA estimates that blue hydrogen costs published by the UK government last year are now 36% higher, calling into question continued policy support for development of the technology. Blue hydrogen is an extension of the gas value chain and does not make sense as an investment during a gas price crisis.

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The road to net zero heavy industry sectors in G7

G7 members alone cannot deliver net zero heavy industries globally, but they can make a pivotal contribution. The IEA’s Net Zero by 2050 roadmap lays out a pathway to net zero emissions by 2050 – but not necessarily the pathway – in which global industrial CO2 emissions decline by nearly 95% by 2050. The G7 produces 17% of the world’s steel, 8% of cement and 28% of primary chemicals.

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Clean Energy Is Key to National Security for European Union and United States

Later this month, the E.U. will roll out plans to phase out Russian gas and coal as well, completely severing ties with Russian energy sources over the coming years. The United States must help. Immediately, that means assisting E.U. nations in finding emergency alternatives to Russian energy supplies, to reduce the hardship the shift imposes on families and businesses across Europe. Longer term, E.U. nations are committed to slashing demand for fossil fuels altogether, from Russia and elsewhere.

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How the EU response to the Russia-Ukraine war can still accelerate low-carbon transition

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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Industry must play its role in getting the EU off fossil gas

Russia’s invasion of Ukraine has once more exposed the EU’s vulnerability in relying on fossil fuels to heat our homes, power our cars and fuel our industries. While heavy industry is a major consumer of fossil gas, it has been notably absent in the emerging EU strategy to rapidly get off Russian gas. The EU needs to act now, maximising short-term gas savings in industry and ensuring the Fit for 55 package sends the right policy signals to substantially reduce gas dependency in the next 10 years.

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Clean Energy Is the Key to Real Energy Independence

President Biden has laid out a plan for $550 billion in clean energy investment over the next 10 years. It’s a plan to create jobs, save families an average of $500 a year in energy bills, and help to make our country more secure. Ending our dependence on oil will distance U.S. families and businesses from the volatility of global markets. It will take us out of the business of subsidizing aggression from petro states like Russia. And it will help us confront the global climate crisis—the existential environmental challenge of our time.

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REPowerEU: Joint European action for more affordable, secure and sustainable energy

The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in light of Russia’s invasion of Ukraine. This plan also outlines a series of measures to respond to rising energy prices in Europe and to replenish gas stocks for next winter. Europe has been facing increased energy prices for several months, but now uncertainty on supply is exacerbating the problem. REPowerEU will seek to diversify gas supplies, speed up the roll-out of renewable gases and replace gas in heating and power generation.

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IEEFA: Russia-Ukraine conflict adds impetus to Asia’s energy transition

Russia’s invasion of Ukraine spells further turmoil for global energy markets already reeling from extreme price volatility over the past two years. For Asian economies dependent on imported fossil fuels, volatile prices since 2020 have caused fuel shortages, exorbitant government subsidy burdens, inflation, food scarcity, and political instability. Distributed generation sources, energy storage technologies, microgrid systems, and electric transit technologies, among many other alternatives, can help countries improve self-sufficiency to create a more secure energy system.

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