The European Commission and the United Arab Emirates pledged on Wednesday to build support ahead of this year’s COP28 climate summit for global goals to expand renewable energy, which they said would help countries shift from “unabated” fossil fuels. In a statement agreed after a meeting of officials in Brussels, …
Read More »International Airlines Slam EU for Sustainable Fuel Mandates
The European Union’s behavior is “anti-aviation” because of mandates obliging airlines to use so-called sustainable aviation fuels as a lower-carbon alternative to ht fuel. This is the message that the aviation industry had for the EU at its annual meeting that began today. “I think it’s fair to portray the …
Read More »Despite Soaring Inflation, EU Says won’t Extend Emergency Energy Measures
Emergency energy price measures implemented by the European Union in 2022 will not be extended further, the European Commission said on Monday, bringing to an end hundreds of billions of dollars in tax cuts, subsidies and other incentives. Citing electricity prices that have dropped to under 80 euros per megawatt-hour …
Read More »IEA: EU to Add 60 GW of Solar and Wind Capacity in 2023
The EU is set to add 60 GW of solar photovoltaic (PV) and wind capacity this year, further reducing its reliance on fossil fuels and supplies from Russia, the International Energy Agency (IEA) said on Thursday. By 2024, the IEA expects wind and solar PV to make up more than …
Read More »Is Green Hydrogen Being Overhyped?
The global discourse on addressing climate change, energy transition, and investments is currently dominated by the topic of green hydrogen. The media frenzy surrounding the expanding array of projects, subsidy schemes, and international strategies is fueled by the influence of Washington’s IRA plans and the EU’s energy strategic projects. It …
Read More »Poland is Building the Largest Offshore Wind Farm in the EU
Polish group Orlen has started constructing an onshore substation for the future Baltic Power wind farm in the Baltic Sea, which is scheduled to become operational in 2026. The company plans to start the first installation work at sea in 2024. The Baltic Power offshore wind farm will consist of …
Read More »Eastern EU Countries will Make or Break the Bloc’s 2030 Renewables Goal
The EU has set itself a new renewables target for 2030 and wants to reach a share of at least 42.5% and ideally 45% renewables in its energy consumption. Commission President von der Leyen recently made clear that the Union strives for a net-zero power sector by 2040. However, it …
Read More »G7 & EU Plan to Ban Resumption of Pipeline Gas Supplies from Russia
The Group of Seven (G7) and EU countries intend to ban the import of pipeline gas on routes where Moscow has previously cut supplies as part of the 11th package of sanctions against Russia. Azernews reports that the ‘Financial Times’ newspaper has published information about this with reference to the …
Read More »EU Considers Formally Banning Russian Oil Flows to Germany and Poland
The European Union is considering formally banning Russian crude flows via the Druzhba pipeline to Germany and Poland, which have already stopped importing Russia’s crude, Bloomberg reported on Friday, citing documents it has seen. The Druzhba pipeline is a key artery of oil supply from Russia to Europe. It has …
Read More »EU Opens 1st Tender for Joint Gas Purchase
Speaking to reporters, Maros Sefcovic, the European Commission’s vice-president called the launch a “historic milestone” because this is “the first time ever” that the EU uses its “collective economic weight to increase our energy security and tackle high gas prices.” He explained that 77 European companies submitted requests for a …
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