Fossil fuel volatility is driving inflation across the EU, but the solution is already available. This piece by Veronica Calienno (Positive Money Europe) on the financial case for the energy transition shows how solar and wind lowered wholesale electricity prices by 24.2% between 2023 and 2025, and why the price effect grows stronger as renewable capacity increases. It also examines the investment gap still holding the transition back, and why the cost of capital will decide how fast Europe can build its way to cheaper, more stable energy. Read More
All posts tagged: European Union
An EU roadmap to phase out fossil fuels
This year’s climate summit in Belem did not deliver necessary progress to limit temperature rise to 1.5°C. Similarly, the EU’s contribution to the needed global emissions reductions by 2035 are not at the level required. The EU can make up for these failures by starting with the development of an EU roadmap to phase out fossil fuels, in line with its (failed) demand to get a global roadmap in the Belem conclusions. Wendel Trio reports.
Is the EU still transitioning to renewable energy?
The EU promised a renewable energy future – but is it still on track? As political shifts, policy delays and legal battles unfold, the energy transition faces new hurdles. Are we still moving forward, or is Europe starting to backpedal? Seden Anlar reports.
The EU and Azerbaijan as Energy Partners: Short-Term Benefits, Uncertain Future
Azerbaijan has strengthened its energy ties with the EU since 2022, ramping up gas deliveries and articulating ambitions to export renewable energy and green hydrogen to Europe in the future. However, the EU’s shrinking gas demand and Azerbaijan’s lack of a genuine decarbonization strategy cast uncertainty on the long-term prospects of this partnership – all the more so given the EU’s persistent criticism of political repression and human rights violations in the South Caucasus republic. Yana Zabanova reports.
EU-China spat over EV tariffs: a race to the bottom?
In a rational world, Europe’s climate-conscious representatives would oppose surcharges that make clean tech, like electric vehicles (EVs) regardless of their origin, more costly. But that’s not the case: environmentalists warn that relying on Chinese imports will undermine a key promise of the European Green Deal, namely economic momentum and high-wage jobs within the bloc. Paul Hockenos reports. Read More
Time for the EU and UK to forge a global renewables alliance
In the first of a two-part report, Josh Matthews explains why the onus is now on the EU and UK governments to forge a global alliance for renewable energy. Part two will explore the incoming Labour government’s plans for Great British Energy, and why a just transition will need more targeted and aligned policy. Josh Matthews reports.
Fuelling change: Europe’s battle against Russian fossil fuels
Following the EU’s parliamentary elections on 6-9 June 2024 and with the war in Ukraine showing no sign of slowing, a pressing issue demands attention: the EU’s continuing active participation in, and facilitation of, Russia’s fossil fuel shipping and exports. This article delves into critical analysis and proposes strategies for reducing dependency on, and support of, the Russian fossil fuel industry, supported by data and statistics highlighting the impact of these exports on the Russian economy, the war in Ukraine and the global climate crisis.
European Parliament elections: climate policies will suffer
With the European Parliament tilting towards the right after the EP 2024 elections, there is a significant risk that the EU may shift towards a stance less favourable to assertive climate action. Paul Hockenos reports.
Strengthening citizens’ participation in the EU’s energy transition – a toolbox
Europe’s switch to renewable energy supply and efficient energy consumption is gaining momentum, not only as a result of the European Green Deal but also in reaction to the fossil fuel price crisis. EU legislation already creates some opportunities for citizens to access affordable renewable energy more directly, as well as to facilitate energy savings through, for example, building renovation. In a new Knowledge Community, Heinrich-Böll-Stiftung European Union and the Green European Foundation (GEF) gather a broad range of experts from EU institutions, local governments, industry, consumer organisations and think tanks to look into these opportunities. The aim is to explore concrete tools and identify their current potential, as well as the remaining gaps that need addressing. Analysis by Taube Van Melkebeke and Jörg Mühlenhoff
How to stabilise the cost of living by sharing energy and food
It is high time for an out-of-silos approach to boost the added value from solar photovoltaic (PV) rooftop installations. This analysis suggests a new solidarity model allowing citizens, local retailers and farmers to tap into the benefits of solar electricity. Guillaume Joly reports.