energytransition
The Critical Raw Materials Act (CRMA), recently adopted by the EU Council, paves the way for the European industry to deliver 10% of extraction, 40% of refining and 15% of recycling of key minerals by 2030. The new law identifies two lists of materials — 34 critical and 17 strategic — that are crucial for the green transition. Lithium is one of a small group of highly significant critical raw materials. Why Lithium?Lithium has been classified as a key component in the EU’s quest to ditch fossil fuels and switch to clean energy as the mineral is set to see increased demand for the massive produ...
Euronews (English)
The global transition from fossil to clean energy is well underway in Europe. Since 2012, coal-fired generation in the EU has dropped by almost a third while renewable power has increased from 14.2% to 23% of total generation. By 2021, Belgium, Austria, Sweden and Portugal had entirely stopped burning coal to generate electricity. This trend will only continue: by 2030, around half of European coal power plants are expected to be retired with most European countries planning to fully phase out coal before 2040. These legacy coal assets offer an opportunity. Instead of abandoning coal-generatin...
Euronews (English)
Bulgaria and Poland’s national energy and climate plans (NECPs) are insufficient to make a fair contribution towards meeting EU efforts to limit global heating and ensure a socially fair transition towards a net-zero economy, according to an assessment by the European Commission. The EU executive has been analysing draft energy and climate plans (NECPs) that member states are required to finalise by the end of June, setting out how they intend to comply with the bloc’s 2030 targets, including the overarching goal of cutting greenhouse gas emissions to 55% below 1990 levels. Warsaw and Sofia bo...
Euronews (English)
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...
Euronews (English)
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...
Euronews (English)
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”...
Euronews (English)
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...
Euronews (English)
“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 ...
Euronews (English)
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...
Euronews (English)
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...
Euronews (English)
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