Batteries Europe: New Platform Launched By European Commission
Europe fights to stay competitive in the rapidly changing world of energy storage.
Europe fights to stay competitive in the rapidly changing world of energy storage.
A report by the European Commission says that fossil fuel subsidies in the EU today are the same as they were in 2008. The UK leads all other nations in subsidies, it says.
Countries attending the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), better known as COP24, have made several new climate finance commitments, increasing existing commitments to both the World Bank Group’s Adaptation Fund and the Green Climate Fund.
The European Commission announced on Wednesday that it had adopted a new long-term strategy that will aim to achieve net-zero greenhouse gas emissions by 2050 through investing in “realistic” technological solutions, empowering the citizenry, and aligning action in key areas such as industrial policy, finance, and research.
Almost 100 organizations led by major corporations such as Amazon, Google, and Heineken have signaled their willingness this week to do more on climate action and have urged European governments to make it easier to invest in and directly source renewable energy.
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There has been a little bit of a positive surprise in the past two weeks in Europe. The European Parliament voted a couple of weeks ago to support a 40% reduction in CO2 emissions from transport by 2030, a notably more aggressive transportation emissions cut than the 35% reduction target the European Commission had proposed. That led to a compromise decision to make the target 35%. Exclusive intel I’ve collected from the inner circles of this world is that this was the first time when such a vote came up that German Chancellor Angela Merkel didn’t …
According to reports from Reuters, the European Union is considering scrapping import controls on solar panels and cells from China next month after a majority of the EU’s Member States backed the move.
The European Union’s governing bodies have this week sealed negotiations on three separate objectives of the so-called Energy Union including the previously-reported 32% renewables target, as well as a goal of 32.5% energy efficiency savings and a 40% reduction in greenhouse gas emissions.
After last-minute overnight negotiations, the European Union has announced it is increasing its renewable energy target from 27% to 32%, a move it describes as “ambitious,” but which environmental campaigners have described variously as “inadequate,” “paltry,” “far too low,” and a “spectacular failure.”