‘Sector coupling’, the integration of energy end-use and supply sectors, could potentially reduce the costs of decarbonisation and improve energy efficiency, in line with the EU's transformation towards a low-carbon economy as detailed in the 2050 long-term strategy.
The European Investment Bank (EIB) decided on Thursday (14 November) to end financial support for fossil fuels from 2021, after marathon talks ended in a compromise that has been hailed as “a significant victory” for green policies.
Growing competition from cheap renewable electricity, safety concerns, and rising costs of new plants are slowly driving nuclear power over the edge – except in Russia and China where the industry continues to enjoy extensive state support, S&P said.
The European Investment Bank will decide on Thursday (14 November) whether or not to purge its loan books of fossil fuel projects. All signs point to the EU lender striking a compromise with Germany and Italy which want more leeway for new gas projects.
Widely accepted as a “transition fuel” until 2030 to help wean Europe from coal, gas is also positioning itself as a clean fuel beyond that date. But meeting the EU’s 2050 climate goals will require a deep transformation of the sector, amid growing competition from solar and wind power.
Increasing environmental regulations and fierce competition from renewable energies are increasingly making coal-fired power operate at a loss. According to a British think tank, coal-fired power plants are losing billions of euros every year, but energy companies say this is nonsense. EURACTIV Germany reports.
Bioenergies, including wood, biofuels and forest-based industries, should be recognised under the EU’s draft sustainable finance taxonomy, in line with the recently-updated renewable energy directive, an industry coalition has claimed.
The first turbine from the WindFloat Atlantic project was successfully towed from Ferrol, Spain, towards its destination 20 km off the coast of Viana do Castelo in Portugal on Saturday (19 October), in what constitutes a world second for floating wind.
The solar thermal complex at Noor Ouarzazate in the Atlas mountains is at the heart of Morocco's renewable energy drive, producing over 580MW of electricity. Mustapha Bakhouri explains the country's plans to develop its renewable energy programme and build energy connections with Europe.
Germany's energy-intensive steel industry needs to reinvent itself so that it can meet European climate targets and remain competitive. However, there is still a long road to go before the sector goes green. EURACTIV Germany reports.
Rapid urbanisation and climate change are intertwined, making decarbonisation of the built environment paramount to stabilising the future. The technologies that will deliver significant emissions reductions there will deliver benefits for all those involved, writes Casey Talon.
In the search for alternatives to fossil fuels, gas as an energy vector has the capacity to play a decisive role. To do this, it is absolutely necessary to green our gas as much as possible, writes Jean-François Carenco.
The market for Guarantees of Origin (GOs) linked to renewable gas is currently in its infancy. But with demand building up, industry figures – and environmentalists – are now calling for existing certification schemes to be harmonised and made mandatory across the European Union.
Biomethane production costs are expected to fall in the coming decade as more biogas plants come on stream. But analysts warn that massive cost reductions like in the solar and wind power sector are unlikely and policy measures will be needed to prop up this fledgeling renewable energy industry.
The price of CO2 credits on Europe’s emissions trading scheme needs to rise to around €50 per tonne in order to drive the long-term development of Europe’s biomethane industry, says Marc-Antoine Eyl-Mazzega, a French researcher.
The prospects for biogas in Europe look bright, with conservative estimates pointing to a tenfold increase in production by 2030. However, the industry will need to stay rooted in the local economy and come clean on environmental credentials if it wants to avoid a green backlash, analysts say.
Biogas production remains tiny at the moment in Europe, but the industry has big plans for the future, provided costs can be lowered and environmental issues addressed. In this special report, EURACTIV looks into the challenges and opportunities facing the sector.
Heating is responsible for almost half (40%) of the EU's total energy consumption, and a large share of the bloc's carbon emissions. Yet, politicians are reluctant to confront the issue head-on. EURACTIV examines the reasons behind this and some of the solutions being considered at local and EU level.
Achieving climate neutrality by 2050 requires decarbonising the whole economy, including the energy-hungry heating sector, says Finland's Riku Huttunen. And that will involve cooperation at all levels of government, including local and EU authorities, he argues.
France, Greece and Bulgaria have pledged to update their national targets for renewable energy and bump up the share of wind, solar and other renewables to 33%, 35% and 27% of their energy consumption respectively by 2030.
The remaining carbon budget to limit global warming to 1.5°C will be exhausted as early as 2028, even as the transition to low-carbon energy gains momentum, according to risk management firm DNV GL, which calls for “extraordinary policy action” to lower emissions.
When shares in Saudi Aramco eventually go public, there will doubtless be a feeding frenzy on what promises to be the largest initial public offering ever seen. More significantly, the move would also signal Saudi Arabia’s recognition that sunset for fossil fuel is just over the horizon, writes Jonathan Gornall.