About: fossil fuels

Energy 01-04-2021

EU urged to keep ‘low-carbon fuels’ out of renewable energy mix

A group of 88 lawmakers in the European Parliament have joined environmental NGOs and the renewable energy industry to demand the exclusion of low-carbon fossil fuels from the upcoming revision of the EU’s Renewable Energy Directive.

EXCLUSIVE: Brussels ties with fossil fuel industry revealed 

Three top officials in Ursula von der Leyen's green-oriented European Commission – Josep  Borrell, Stella Kyriakides and Adina Vălean – have until recently had ties with the fossil fuel industry, according to new research revealed exclusively by EURACTIV. 
Energy 09-02-2021

Hiding fossil fuel subsidies under clean energy targets?

To safeguard climate targets’ integrity against greenwashing measures, transparent rules should be in place, write Vlasios Oikonomou and Haris Doukas.
Energy 15-01-2021

Portugal on track to become coal-free by year end

The Sines coal plant in Portugal went offline at midnight yesterday evening (14 January), leaving the country with just one remaining coal power station in operation, which is scheduled for closure in November.

Clean Gas Technologies: What opportunities for the EU?

According to the European Commission, renewable and low-carbon hydrogen is a key building block towards a climate-neutral and zero-pollution economy in 2050, by replacing most fossil fuels and feedstock. It can contribute to reducing greenhouse gas emissions ahead of 2030...

While coal premiums soar, insurance groups still supports oil and gas

Insurance companies have accelerated their withdrawal from coal this year, making it costlier to secure insurance for new projects. However, the insurance industry is still underwriting oil and gas companies, according to new research.
Energy 18-06-2020

IEA: States should invest $3 trillion in sustainable energy

The International Energy Agency (IEA) has presented its COVID-19 economic programme to facilitate the transition to an environmentally friendly energy economy. In doing so, it has distanced itself unusually clearly from the fossil market and is focusing entirely on renewables. EURACTIV Germany reports.

Merkel reaffirms support for raising EU’s 2030 climate target to 50-55%

Chancellor Angela Merkel has insisted that the European Green Deal must be the driving force behind Europe's economic recovery plan. However, Germany has, so far, bailed out its fossil fuel industry like no other EU member state - and it's still a long way away from presenting its national climate plan. EURACTIV Germany reports.

France calls for carbon price floor to counter oil crash

The COVID-19 crisis should strengthen Europe’s resolve to achieve the climate objectives of the Paris Agreement by triggering policies that maintain fossil fuel prices above a minimum level, French authorities have said.

Germany needs more LNG to complement renewables, IEA says

The International Energy Agency has praised Germany's push for wind and solar power but urged the country to increase LNG imports in order to reach its 65% renewable energy target for 2030. EURACTIV Germany reports.
Climate change 14-02-2020

Climate emergency requires real action now, not building new LNG terminals and gas pipelines

With the so-called fourth PCI List of energy infrastructure projects now approved in the European Parliament, the battle for a future-proof EU energy policy continues, write MEPs Jutta Paulus and Marie Toussaint.
Energy 17-01-2020

Oil and gas sector ‘losing its social licence to operate’, UK boss warns

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.
Climate change 10-12-2019

COP25: Connecting the dots on climate finance

As negotiators in Madrid are trying to break the impasse on global climate finance governance, tectonic shifts in the real economy are signaling changing tides for the oil & gas industry. Far from being separate adjustments, these changes are part of a one, large movement where Europe is at the fore-front. MEP Bas Eickhout explained to EURACTIV why.

Green finance sector expected to discuss issue of climate justice at COP25

Just before the COP25, which will take place in Madrid from 2-13 December, France's leading financial institutions discussed the issue of climate justice and corporate social responsibility at the Climate Finance Day, which took place in Paris on 29 November. EURACTIV France reports.

Juncker Commission stalls EU climate bank in starting blocks

While the European Investment Bank is making efforts to end fossil fuel funding, the Juncker Commission is doing its best to frustrate it – and to undermine Ursula von der Leyen, writes WWF’s Sébastien Godinot.
Climate change 24-09-2019

UN climate summit, day #2: Few announcements in the end – ‘How dare you’

Over this special series on the UN climate action summit (23-25 September), EURACTIV gives you a glimpse into the goings on in New York and what is driving the conversation there. In this edition: An angry Greta Thunberg, a technical Angela Merkel, a passive Donald Trump and four ambitious EU member states.
Energy 21-08-2019

As the sun sets on oil, the sun will rise on solar power

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.

Germany eager to become global leader in developing hydrogen technologies

Germany intends to invest €100 million annually into the research of hydrogen technologies. This could be the business of the future, as well as the country's next top export. However, the future of green gas is still extremely shaky. EURACTIV Germany reports.
Energy 14-06-2019

Pope Francis calls for ‘radical energy transition’ to stem global warming

Pope Francis said on Friday (14 June) that carbon pricing is “essential” to stem global warming – his clearest statement yet in support of penalising polluters – and appealed to climate change deniers to listen to science.
Energy 13-06-2019

EU fossil gas investments undermine bloc’s climate goals, campaigners say

The European Union's investment arm risks torpedoing the bloc's commitment to abide by the Paris climate goals by financing billions of euros worth of new natural gas infrastructure projects, new analysis said Thursday (13 June).

Gas, a prominent guest at German energy transition event

As Germany is gradually phasing out nuclear and coal energy, Berlin is increasingly considering gas as key in bridging the gap between a fossil-fuels based and a low carbon economy.

‘Historic breakthrough’: Norway’s giant oil fund dives into renewables

Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. EURACTIV's media partner, The Guardian, reports.

Diverting fossil fuel investments to renewables is not enough

Debate over the cost merits of fossil fuels against renewable power generation has traditionally focused on the levelised cost of electricity (LCOE), which has dropped dramatically in the case of wind and solar power. But that ignores the upfront capital costs, which are still up to seven times higher for renewables, writes Mike Parr.

Nuclear power excluded from EU’s green investment label

The European Parliament voted on a proposed classification for sustainable assets on Thursday (28 March), voting to exclude nuclear power from receiving a green stamp of approval on financial markets.