About: phasing out fossil fuels

Energy 31-03-2021

Fossil fuel shares drop in value compared with clean energy, think tank says

The value of share offerings in fossil fuel companies has dropped by almost 20% since 2012, while low-carbon companies gained ground in a shift towards clean energy, a report by think-tank Carbon Tracker showed on Wednesday (31 March).

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.

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

Lawmakers call for ‘nuclear renaissance’ to support EU’s energy transition

Renewables will not be enough for Europe to meet its 2050 climate neutrality goal, says a coalition of centrist and conservative MEPs. Instead, the EU will need a nuclear renaissance to achieve it, they argue, referring to a fresh study on the EU’s climate policy.

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.
Energy 28-05-2020

EU boosts ‘just transition fund’, pledging €40 billion to exit fossil fuels

The European Commission has increased five-fold its proposed EU fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe's ailing economies rebound after the new coronavirus pandemic.

EU clarifies fossil fuel stance: ‘No lock-in into natural gas’

When European Union leaders signed off on a pledge to reach “climate neutrality” by 2050, they also eventually rang the death knell of the natural gas industry as we know it.
Energy 04-12-2019

US economist Rifkin: ‘Budgetary rules should not apply to green investments’

While visiting Paris, American economist Jeremy Rifkin talked to EURACTIV France about his hopes for the new European Commission's Green Deal, while calling for a climate narrative that inspires real change across society.
Energy 18-11-2019

Financing the energy transition: Where’s the money?

Incoming Commission President Ursula von der Leyen’s pledge to turn Europe into “the world’s first climate-neutral continent” means efforts to green the economy are set to go into overdrive. But where will the necessary funds come from to back the...

Worried by climate change, EU moves to end fossil fuel funding

The European Union should phase out its funding of oil, gas and coal projects, EU finance ministers said in a joint statement on Friday (8 November), in a move that could mark a major shift in the bloc's efforts to combat climate change.
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.
Energy 19-06-2019

Researcher: Lowering electricity taxes is cheapest way of meeting EU climate goals

The energy transition will hit the poor hardest unless it's balanced by a shift in taxation, says Christian Egenhofer. The EU needs to acknowledge this and get started by lowering taxes on electricity to achieve the EU’s carbon reduction goals at least cost, he argues.

Bas Eickhout: EU carbon market needs alignment with 2050 goal

The next European Commission will have to reopen the Emissions Trading Scheme directive if it is serious about reaching carbon neutrality by 2050, argues Bas Eickhout, warning the next Commission chief will need to find a broader majority in the European Parliament than his predecessor.
Energy 06-05-2019

Nico Cué, the trade unionist with a green soft spot

The lead candidate for the European Left at the May EU elections devoted much of his professional life defending the rights of steel workers in his native Belgium. He now brings his fight to the European level, adding shades of green to his political spectrum.
Energy 03-05-2019

French government makes progress on energy and climate bill

French energy and climate bill’s new draft sets carbon neutrality as the main objective for domestic energy policies and sets ambitious goals for the future. NGOs of the Climate Action Network (CAN) are less impressed by the new draft as concrete short-term measures appear to be lacking. EURACTIV’s partner le Journal de l’Environnement reports.
Climate change 05-12-2018

German anti-coal demonstrations: ‘We’re running out of time’

In the run-up to the UN climate conference, which began in Katowice in Poland on 2 December, many thousands of people demonstrated to support accelerating the phasing out of the coal industry. EURACTIV Germany reports.