The spectacular collapse in oil prices caused by the coronavirus pandemic has brought the costliest – and most polluting – oil projects such as tar sands to a standstill, a development some analysts say could be definitive.
A cross-party group of lawmakers in the European Parliament – ranging from the far-left to the centre-right – have penned a joint letter calling for the EU’s proposed €750 billion recovery fund to be closely aligned with the bloc’s climate goals.
France, Germany and Italy have collectively spent $44 billion on fossil fuels during the coronavirus crisis, compared to $29 billion for clean energy, according to fresh data released on Wednesday (15 July).
The European Commission unveiled plans on Wednesday (8 July) to promote hydrogen based entirely on renewable electricity like wind and solar, but said low-carbon hydrogen derived from fossil fuels will also be supported in order to scale up production in the short term.
In spite of the economic crisis posed by the coronavirus pandemic, the EU, China and Canada sent “a clear political signal” on Tuesday (7 July) that they are still committed to the Paris Agreement on climate change.
The European Union is split over which fuels deserve support from the bloc's flagship green transition fund, after lawmakers on Monday (6 July) called for rules that could allow the money to be spent on some fossil gas projects.
Efficiency must be at the core of Europe’s energy policy, the European Commission says in a draft policy document outlining its vision of a more agile, low-carbon energy system powered chiefly by renewable electricity.
The European Commission has mandated its in-house research body, the Joint Research Centre (JRC), to assess whether nuclear power should be considered as a “green” technology under the EU’s sustainable finance taxonomy.
Whether in the European recovery plan or the just transition fund, Pascal Canfin says he is in favour of applying the EU sustainable finance taxonomy, which allows drawing a line between gas projects that merit public funding and those that don’t.
Avoiding another “yellow vest” movement will be crucial for the success of the energy transition as Europe moves forward with a new wave of policies aimed at cutting emissions down to net zero by 2050, policymakers say.
Europe’s largest steelmaker, ArcelorMittal, unveiled plans on Thursday (24 June) to reach carbon neutrality in the EU by 2050, insisting however that success will depend on public support and incentives, including a carbon border tax.
The EU’s draft hydrogen strategy focuses too heavily on hydrogen produced from renewable electricity, says an industry alliance bringing together major oil and gas companies, as well as the steel and ceramics sector.
An updated version of the European Commission’s draft hydrogen strategy confirms the EU’s “priority focus” on clean hydrogen produced from renewable electricity, but also recognises the role played by “fossil-based hydrogen” in the transition.
When the new European Commission took office in November, its much-vaunted Green Deal was the centre of worldwide attention. This week, EU leaders are meeting to decide how much of it can still be saved.
The European Commission aims to promote so-called “green” hydrogen produced from renewable electricity over the “grey” sort obtained from natural gas steam reforming, according to a leaked policy document obtained by EURACTIV.
Lack of trust and information about energy performance contracts are the most frequently cited reasons why some municipalities have become sceptical about energy service companies (ESCOs). In the future, greater standardisation should help overcome issues, says Nick Keegan.
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