The wave of price hikes is not set to abate before next spring, and ministers discussed a set of short-term measures that have been put forward by the European Commission to help consumers and businesses weather the shock. The main reason behind the sharp spike is increased global demand for energy, and gas in particular.…
The results are in: last year, for the first time, renewables generated more electricity than fossil fuels across the EU, spurred on by new solar and wind power projects. Over the 12 months, renewable sources generated 38% of Europe’s electricity, while 37% came from fossil fuels. Investment in wind and solar power was the chief…
The rollout of vaccines will enable European lawmakers to focus on initial but substantive steps towards net-zero objectives, according to Wood Mackenzie. Rory McCarthy, senior research manager at Wood Mackenzie, says the biggest trends to watch for in the bloc’s power sector include: Laying the foundations for EU Green Deal delivery “From the depths of…
These figures, which were published this week, mean that the EU is only 0.3% from reaching its target of a 20% renewable energy share by 2020. Building on this progress, further increasing the use of renewable energy is a cornerstone of the European Green Deal. European Commissioner for Energy Kadri Simson said: “The continued increase…