energytransition
Europe is not yet on track with its energy transition goals, but it is best positioned to succeed in reaching them, according to French multinational energy management company Schneider Electric. In order for Europe to reach climate neutrality by 2050, it needs to carry out its energy transition through increasing its contribution of renewables and the phasing out of fossil fuels. But the energy crisis that followed Russia's invasion of Ukraine in 2022 led to a setback in the continent's achievements and higher emissions. Talking to Euronews Business at the company's recent innovation summit i...
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Belgium has warned fellow member states that failure to agree this week to reform “technically obsolete” EU rules setting minimum tax rates for fuels and electricity could delay incentives for a switch away from harmful fossil fuels to cleaner alternatives. In a bid to secure the necessary unanimous support for reforms to EU rules on energy taxation, the current holder of the rotating EU Council presidency has suggested governments should have a largely free hand over whether to tax aviation and shipping fuel, and proposed the agriculture and fishing industries should enjoy tax-free energy. “T...
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The European Parliament’s energy and trade committees have overwhelmingly backed a proposal by national governments for the EU to withdraw from the Energy Charter Treaty, a post-Cold War international agreement intended to protect investments in unstable formerly communist states. “This is a very important vote and gives also a very clear political message,” MEP Bernd Lange (Germany/Socialists & Democrats) said after the assembly’s draft recommendation was adopted by 58 votes to eight with two abstentions. MEP Anna Cavazzini, a German Green and co-rapporteur for the file, welcomed a “historic”...
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Increased renewable and energy efficiency targets, less air pollution and tackling environmental crime were some of the achievements hailed by EU lawmakers driven by the European Green Deal, the EU’s leading climate agenda announced in 2019. The EU’s climate-neutrality plan vowed by 2030 to reduce greenhouse gas (GHG) emissions by at least 55% set against a 1990 benchmark, and to reach net zero by 2050. Simone Tagliapetra, senior fellow at think tank Bruegel and professor of energy and climate policy with Johns Hopkins University, said von der Leyen has “successfully" pivoted the EU towards cl...
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“I'm building something with purpose and I even get goosebumps when I share it with you,” says solar entrepreneur Wouter Draijer. Born in New York and raised in Amsterdam, the 29-year-old is CEO and co-founder of SolarMente - a company aiming to change the way people consume and distribute energy in Spain. Its subscription service allows homeowners and businesses to install solar panels with no upfront cost - a model that has attracted investment from Hollywood star Leonardo DiCaprio and US technology startup accelerator Y Combinator. Euronews Green spoke to Wouter about his company’s mission ...
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The world could save $2 trillion (€1.85 trillion) by 2030 if it implements the necessary technology to decarbonise the energy sector, according to Schneider Electric. "We have the technology to get rid of 70% of CO2 emissions that are generated by energy," said CEO Peter Herweck as he called on global leaders from across industries to speed up their efforts. The CEO of the French multinational company, specialising in digital automation and energy management, was speaking at the company's flagship Innovation Summit in Paris on Wednesday. It chose the occasion to announce a number of new soluti...
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The first ministerial discussion on a 2040 emissions reduction target was overshadowed by the intensifying row over the blocked Nature Restoration Law, with the European Commission and some governments warning it called into question the very credibility of the EU decision making process. The text of the law was agreed in back-room ‘trilogue’ talks in November, and adopted by the parliament last month. But the EU Council presidency holder Belgium, which is itself abstaining, has been unable to muster the necessary majority among governments to give the law the final rubber stamp, with half a d...
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France is this month supposed finally to load in fuel its third-generation nuclear reactor, known as EPR, and a connexion to the grid is expected later this year. Europe's top nuclear energy producer is 12 years behind schedule - a delay that pushes some to doubt the EPR will become operational this year. Nonetheless, France is ramping up its nuclear energy production - something that seemed unthinkable less than a decade ago, due to changeable political views on the matter. Nuclear energy in Europe: Who is for and against it and why?France and Germany arm wrestle over EU electricity reform Fr...
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For the last two hundred years, European industry has depended on fossil fuels. Despite successive revolutions to move to less polluting sources of power and create more sustainable industry — from coal to gas, gas to nuclear energy, and now renewables — Europe remains reliant on burning hydrocarbons for economic growth. The European industrial sector is responsible for 24% of global greenhouse gas emissions. Even using renewable energy sources — from wind to solar — are not without their challenges as their intermittent nature is not compatible with the needs of industry. That is the bad news...
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At least 16% of EU countries’ worst performing non-residential buildings will be targeted for renovation by 2030 and 26% by 2033 as lawmakers backed a law today (March 12) to curb poor energy performance and reduce energy consumption in EU buildings in a plenary vote of the European Parliament (EP) in Strasbourg. The revision of the European Performance Buildings Directive (EPBD), proposed by the EU executive in December 2021, is meant to modernise Europe’s building stock by 2050 by setting minimum energy performance standards in the non-residential sector, such as office buildings, schools an...
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