About: fossil fuel

Climate change 13-05-2021

Spanish parliament approves clean energy bill

The Spanish parliament approved a clean energy bill on Thursday (13 May), aiming to achieve carbon neutrality by 2050 in line with EU-level ambition and banning the sale of fossil fuel vehicles by 2040.
Global Europe 30-04-2021

Mainstream parties block ECR resolution to force vote on Nord Stream 2

An attempt by right-wing Polish MEPs to force a plenary vote on the controversial gas pipeline between Russia and Germany was blocked for a second time by the two largest groups in the European Parliament on Thursday (29 April), Parliament...

Flying in the face of the ECB – Greenpeace paraglides onto bank to protest fossil fuel funding

Two climate activists from Greenpeace paraglided onto the roof of the European Central Bank (ECB) headquarters on Wednesday (10 March) and hung a banner accusing the bank of funding polluters on the eve of its governing board meeting.

Not quite over yet: EIB spent €890 million on fossil gas since phase out, activists say

The European Investment Bank (EIB) has invested €890 million in gas projects since it pledged to phase out investments into fossil fuels by 2022, contradicting the bank’s "gas is over" narrative, activists say.

‘Historic step’ as European Parliament approves green recovery fund

Lawmakers in the European Parliament voted to pass the EU's €672.5 recovery and resilience facility on Tuesday evening (9 February), unlocking unprecedented funding aimed at helping Europe "build back better" after the COVID-19 crisis.

US plans to end fossil fuel finance overseas, mirroring EU

US President Joe Biden has pledged to end public funding of ‘carbon-intensive’ fossil fuel projects overseas, bringing America in line with EU plans. However, the wording may leave the door open to gas, writes EURACTIV's media partner, Climate Home News.
Climate change 25-01-2021

EU foreign ministers to push for global fossil fuel phase-out

European Union foreign ministers will promote a global phase out of fossil fuels and reaffirm commitments to funding climate adaptation at a meeting on Monday (25 January).
Energy 25-01-2021

Renewables overtook fossil fuels as EU’s main power source in 2020

Renewables generated 38% of the EU’s electricity in 2020, overtaking coal and gas to become the main source of electricity for the first time ever in Europe, according to fresh data released on Monday (25 January).
Energy 11-12-2020

Fossil fuels axed from EU’s just transition fund, but loophole remains for gas

The European Parliament reached a provisional agreement with EU member states on Wednesday (9 December), which sees fossil fuels axed from the EU's just transition fund but finding their way back into EU regional development funding until 2025.

LEAK: Only zero-emission cars will win EU green investment label

From January 2026, all cars sold in Europe will need to emit zero grams of CO2 per kilometre in order to be considered "sustainable" under the EU's green finance taxonomy, according to a leaked draft seen by EURACTIV.
Energy 04-06-2020

Oil, gas, coal could lose two-thirds of value by 2070, says study

Business in oil, gas and coal is becoming increasingly unprofitable as global fossil reserves could lose around two-thirds of their value in the next 50 years, plummeting from around $39 trillion to $14 trillion, according to a study published on Thursday (4 May) by British think tank Carbon Tracker. EURACTIV Germany reports.
Energy 07-10-2019

Will Germany block EIB plans to ditch natural gas?

The European Investment Bank wants to purge its loan books of fossil fuels, including natural gas, by 2020. Although the Bank's final decision is expected to be delivered on 15 October, resistance, especially from Germany, is brewing. EURACTIV Germany reports.