The European Union is going ahead with plans to leave the Energy Charter Treaty, which climate activists have slammed as playing for the hydrocarbons team. The Financial Times reports that the European Commission is later today set to propose a joint exit from the Treaty, after several individual member states …
Read More »EU Climate Chief Concerned as China Expands Coal Plants
The European Union’s climate chief has expressed concern over the expansion of China’s coal industry with the building of new coal-fired plants. At a conference in Beijing, Frans Timmermans said while China was forging ahead with plans to expand its use of renewable resources such as wind and solar energy, …
Read More »EU Urges IMO to Set Net-Zero Emissions Target for 2050
On 21 June 2023, the EU Delegation to the UN, together with Denmark, Palau and Samoa, and with the participation of Special Adviser to the UN Secretary-General and ASG of the Climate Action Selwin Hart, hosted a meeting in New York on climate and shipping, outlining the EU’s proposals for …
Read More »EU Emissions to Begin Falling again from this Year after Pandemic Surge
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 …
Read More »EU Focus Now on Renewables, Grid Expansion after Energy Policy Paradigm Shift
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,” …
Read More »EU Fails to Agree on Energy Reforms
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 …
Read More »Scientific Advisers Urge EU to Cut Emissions 90-95% by 2040
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 …
Read More »EU Plans Strategy to Scale up Investment in Capturing CO2 Emissions
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 …
Read More »Europe Gas Surges more than 20% as Supply Risks Rattle Market
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 …
Read More »EU Fossil Fuels Emissions Lower Thanks to Gas Crisis
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 …
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