Defying the grimmest projections, Europe made it through the temperate winter of 2023 with remarkably little collateral damage – and even a few big wins. The energy crisis may have displaced Europe’s climate aspirations by a fraction, but thanks to a record rollout of renewables and conservation measures, the continent’s emissions footprint inched downward and positioned Europe to remain within reach of its goal to slash emissions by 55 percent in seven years’ time. And it’s on track to comfortably outpace its pledge to generate 45% of its total energy from clean sources by 2030.
All posts tagged: European Union
The Energy Charter Treaty remains a challenge for the EU’s Climate Agenda
Global record investments in the energy sector continue to make headlines. After a halt in 2020 due to the COVID-19 pandemic, sector investments increased in 2021 followed by projections of a similar trajectory by mid-2022. The momentum is associated with the renewables sector which accounts for the majority of these investments. Countries that have committed to achieve net-zero emissions and meet Paris targets will have to maintain this trend – or, potentially, a higher one – if they intend to fulfill those commitments. But net-zero also implies a gradual phase-out of traditional fossil fuel technologies and assets. This is where the Energy Charter Treaty (ECT) could hamper the transition towards climate neutrality essential ways. Legal and energy specialist Lekë Batalli has the details.
Green hydrogen – solution or pipe dream? Part I
There is a fairly broad consensus in the climate movement that hydrogen has to play an important role within the international energy transition (especially for the decarbonisation of energy-/feedstock-intensive industry sectors). And while there’s an understanding that only hydrogen produced 100% from renewables will match the requirements of being “clean” and therefore “climate-friendly”, few speak of possible shadow sides of this green dream (especially with regard to the Global North-South dependency resulting from green hydrogen production). In a two parts blog series, Andy Gheorghiu touches upon some of the aspects that promoters of green hydrogen should not forget.
EU’s commitment to carbon pricing system doesn’t rule out state aid
The US’s Inflation Reduction Act (IRA) counts on massive direct subsidies to its private sector to stimulate a green transformation of the economy. The EU has opted largely for carbon pricing and other taxes to make the same transition. The two approaches are in no way mutually exclusive – and both have benefits. Paul Hockenos looks at the European answer to the IRA in the second installment of the two part series. Read part one here.
Moonshot Moment: Biden’s IRA Ups the Global Ante on Climate Protection
The US’s Inflation Reduction Act (IRA) is a moonshot moment in global climate protection, underscoring that the public sector will spend hundreds of billions in subsidies to drive decarbonization and a green economic transition. The EU’s bet on carbon pricing doesn’t rule out state aid, too. It now has to match the US plan. Paul Hockenos explains the details in the first installment of a two part series.
EU smashes renewable records as it urgently breaks free of Russian fossil fuels
Since Russia’s February invasion of Ukraine, European Union member states have been feverishly reworking their energy policies to reduce their reliance on Russian gas, coal, and oil. To help accelerate the shift, energy developers are rapidly increasing investments in solar and wind power. This summer, solar, helping the EU tackle not only its energy problem but also soaring inflation. According to a new report by climate think tank Ember, about a quarter of the EU’s electricity now comes from just wind and solar. Combined, Lead blogger and podcaster Michael Buchsbaum reviews how clean domestic energy is saving EU ratepayers money while helping slow global climate change.
Why Nuclear Power and Renewables Don’t Mix
Toby Couture, director of the independent Berlin think tank E3 Analytics, argues that nuclear power doesn’t properly balance off variable clean energy. Paul Hockenos has the story.
Not enough Space? Combining Agriculture with Renewable Energies
In 2022, Germany set ambitious goals renewable energy, raising its share of gross electricity consumption up to 80 percent by 2030. In this context, the German government has adopted a policy to promote energy systems on agricultural land and focusing, in particular, on solar energy production. Many questions remain but agrovoltaic systems could serve as a useful tool to boost both the national and European energy transition. Leona Schmitt scans the detail.
Europe must use its REPowerEU to REPowerAfrica
For German chancellor Olaf Scholz to fly to West Africa and on arrival ensures he tells his host that he “quite deliberately chose Senegal as the first stop” is strong indication that Germany, and the rest of Europe, looks to president Macky Sall among others in Africa to rescue Europe from its “burgeoning energy crisis”. Mr. Scholz ‘first stop’ wasn’t arbitrary. It was strategic because Senegal is attached to one of several basins constituting the so-called MSGBC Basin now fuelling a “gas rush”. Europe’s turn to Africa for a helping hand, formalised in the European Commission’s REPowerEU plan, creates challenges for both regions. But Africa holds short and long-term solutions. In this second of two articles, Michael Davies-Venn assess challenges and opportunities the plan presents for Africa and Europe.
RePowerEU must only be a short-term solution to avert the worse
A diplomatic solution is the only plausible solution to the on-going Russia’s war in Ukraine and it remains elusive. Meanwhile, the energy crisis which is a fallout of the war persists as fiercely as it compromises climate change solutions. From Berlin to Brussels, politicians are struggling with a related imminent crisis, which is how to reduce the growing millions of Europe’s “energy poor” the European Parliament has been told will increase in tandem with escalating energy prices. In this first of a two-part series, Michael Davies-Venn critically analyses the European Commissions’ solution for the energy crisis and offers short and long term policy solutions that are consistent with the EU’s climate goals and global leadership on climate change.