About: fossil fuels

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 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.

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.
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.
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.

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.

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.
Economy & Jobs 19-02-2019

Environmental organisations ‘very disappointed’ with new ERDF Regulation

The European regional development fund currently amounts to €200 billion. German environmental organisations have criticised the fact that its new version sets the wrong priorities. EURACTIV Germany reports.
Climate change 26-11-2018

Environmental organisations: German-French climate partnership

Environmental organisations are calling on Angela Merkel and Emmanuel Macron to coordinate their countries’ climate and energy transitions. EURACTIV Germany’s media partner Der Tagesspiegel reports.
Climate change 26-10-2018

Catholic bishops call for faith in 1.5°C Paris target

Church leaders urged governments around the world to ramp up their climate action efforts on Friday (26 October), calling for “ambitious implementation” of the Paris Agreement.
Electricity 13-09-2018

Greenpeace study throws light on Europe’s ‘hidden energy subsidies’

Figures compiled by the environmental pressure group Greenpeace highlight the lack of transparency about the amount of cash disbursed by national governments to support back-up power plants – mainly fossil fuels and nuclear.
Climate change 24-08-2018

Coal commission keeps out of lignite mine expansion dispute

Germany’s coal commission will not give any recommendation regarding mining-owner RWE’s plans to continue clearing forest for the planned extension of the Hambach lignite mine in the state of North Rhine-Westphalia. In its third meeting, the commission heard experts’ views on the implications of the country’s climate goals for the coal sector. EURACTIV's media partner Clean Energy Wire reports.
Energy 13-07-2018

Ireland commits to divesting public funds from fossil fuel companies

Ireland committed to divesting public funds from fossil fuel companies on Thursday after parliament passed a bill forcing the €8.9 billion Ireland Strategic Investment Fund (ISIF) to withdraw money invested in oil, gas and coal.

G7 countries pour $100bn a year into oil, gas and coal: study

Each year, at least US$100 billion goes to support the production and consumption of oil, gas and coal, according to a major new study published on Monday (4 June). That is despite a promise from all G7 and G20 members to stop subsidising fossil fuels by 2025.
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