Tag Archives: European Union (EU)

The EU’s carbon emissions could decline again from 2023 amid continued growth in renewable energy generation capacity, Goldman Sachs has said. The bloc’s emissions rose 9 per cent from 2020 to 2022, driven by a surge in transport demand after the Covid-19, and significant gas-to-coal switching in the power generation …

The EU’s energy crisis interventions have improved security of supply, but the industry must now focus on growing the bloc’s renewables capacity and expanding its grid infrastructure in a market rife with inflationary pressure, policymakers and power-sector executives said June 20. “We are experiencing a paradigm shift in energy policy,” …

The European Union failed to agree on proposed reforms to its energy market after a last-minute proposal from rotating president Sweden about extending state support for coal power. The outcome of Monday’s meeting was expected as EU members have markedly different attitudes to coal and its importance in national energy …

The European Union will have to aim for a near-total reduction of greenhouse gas emissions by 2040 if it wants to meet its 2050 climate neutrality goal, according to a report by the bloc’s climate advisory board, published on Thursday (15 June). The recommendation by the European Scientific Advisory Board …

The European Commission is working on plans to speed up investment in capturing and storing carbon dioxide emissions, it said on Friday, as the bloc prepares to slash its net greenhouse gas emissions to zero by 2050. In a public consultation on the plans, the Commission said infrastructure to capture …

European natural gas futures soared as traders reassessed supply risks amid signs of global competition for the fuel and a heat wave bearing down on the region. The benchmark contract ended the week 35% higher, the most since last August, at the height of Europe’s energy crisis. It’s also the …

Carbon dioxide emissions from energy use in the European Union fell by 2.8 percent last year, thanks to reduced use of natural gas following Russia’s invasion of Ukraine, Eurostat reported on Friday. The European Union’s statistical agency said in a report that CO2 emissions from the 27 EU nations was …

Germany has asked the European Commission to investigate the flow of allegedly fraudulent biofuels into the European Union, a spokesperson for the German Environment Ministry said, stepping up scrutiny on trade in the fuel that has rattled the industry. EU incentives for biodiesel production made with waste oils and fat …

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, …

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 …