BP set one of the oil sector’s most ambitious targets for curbing carbon emissions on Wednesday (12 February) as new chief executive Bernard Looney began the biggest revamp in the company’s 111-year history.
Members of the European Parliament have written to the European Commission, voicing concern that EU spending on LNG and other gas projects “may not be in line with the Union’s climate commitments under the Paris Agreement”.
A record 3.6 gigawatts of new offshore wind capacity was added across Europe in 2019, but the pace of deployment is still too slow to reach Europe’s ambitious climate targets, according to new industry figures published on Thursday (6 February).
Global warming emissions from the power sector fell by 12% last year, led by a steep decline in coal power generation, which was replaced half by natural gas and half by renewables, according to fresh data published on Wednesday (5 February).
Germany's draft hydrogen strategy envisages the use of CO2-free gas for the industry and transport sector, as well as millions for research. Under the draft plan, a large part of the country's hydrogen will be purchased from abroad. EURACTIV Germany reports.
A sudden break on oil drilling caused by last-minute climate action from regulators could halve the value of new projects being developed today, according to fresh analysis published on Friday (31 January).
The German federal cabinet signed off on the country's coal phase-out bill on Wednesday (29 January), giving its blessing to billions worth of taxpayer money to compensate for power companies' lost revenues. EURACTIV Germany reports.
When Germany eventually closes its coal-fired power plants, millions of CO2 pollution credits will be flushed into the EU emissions trading system, threatening to send the EU carbon market crashing. EURACTIV Germany reports.
Germany has sent the EU Commission its official emissions figures for 2018, which are slightly lower than the previous year. Most reductions were made in the energy sector, while transport and agriculture still lag behind. Yet, Germany will not miss its climate targets for this decade as was initially anticipated. EURACTIV Germany reports.
Shortly after Germany announced plans to shut down its lignite-fired power plants, eight members of the country's Coal Commission voiced criticism that their work has been discredited and that these plans would result in an additional 40 million tons of CO2 emissions. EURACTIV Germany reports.
The EU's internal market commissioner, Thierry Breton, suggests tapping into the ECB's "easy money" and issuing long-term bonds of up to 50 years in order to unlock the €1,000 billion needed to finance the European Green Deal. EURACTIV France reports.
Europe does not need new gas infrastructure to safeguard security of supply, according to a new study by industry consultants Artelys, which warns that there is a risk of €29 billion being wasted on 32 mostly “unnecessary” gas projects.
Tim Eggar, chairman of the UK's Oil and Gas Authority (OGA), sent shockwaves through the industry on Wednesday (15 January) when he said growing public awareness about climate change was putting the sector's very survival at stake.
An agreement reached in the early hours of Thursday (16 January) between the federal government and representatives of the four German coal states won't bring the country much closer to reaching its climate goals, analysts said.
Germany has reached an agreement with the regions most affected by a plan to phase out the use of brown coal, or lignite, for its power plants by providing about 40 billion euros ($45 billion) in aid, a document reviewed by Reuters showed.
The wide-ranging European Green Deal provides for a European fund for a just transition, which is meant to support regions that are economically highly dependent on fossil fuels. But not all member states will benefit from it. EURACTIV France reports.
The European Commission finally lifted the lid on its long-awaited just transition plans on Tuesday (14 January) but doubts have already been raised over the amount of funding on offer for the next decade compared to the bloc's Green Deal ambitions.
The European Commission will propose on Tuesday (14 January) how the EU can pay for shifting the region's economy to net-zero CO2 emissions by 2050 while protecting coal-dependent regions from taking the brunt of changes aimed at fighting climate change.
The European Commission's carbon border tax proposal would have a small impact on French households, unlike the country's own proposal to tax energy which prompted the birth of the 'gilets jaunes' movement. EURACTIV France reports.
An integrated electricity market, with more grid interconnections and storage solutions “of all types” are at the centre of EU plans to build a more resilient electricity system able to deal with growing shares of variable wind and solar power.
Europe will find it difficult to achieve many of its goals, such as the Green Deal, without AI. And without a fully developed, multi-party 5G ecosystem, Europe will fall further behind, writes Abraham Liu.
Eastern EU countries, backed by trade unions, are putting pressure on EU leaders to come up with “fresh money” to support the energy transition in coal-dependent regions as part of a Green Deal due to be unveiled this week.
The French insurance company AXA has announced its own plan to help phase out coal production in Europe by 2030, under which it would no longer be insuring companies that are too dependent on fossil fuels. According to NGOs, this plan has "no blind spots". EURACTIV France reports.