Europe is moving towards a low-carbon energy future. 2020 was an important milestone, with the EU reaching its first three climate and energy targets, namely reducing greenhouse gas emissions by 20% compared to 1990 levels, increasing the share of renewable energy used to 20% and improving energy efficiency by 20%. With the exception of the […]
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EU, Latin America and the Caribbean lead the charge for a Green and Just Transition
In commemorating Europe Day, the European Union (EU) officially launched its €35-million climate action programme Euroclima in the Caribbean region. This launch follows October’s Ministerial meeting, where EU Commissioner Jutta Urpilainen and Caribbean Ministers agreed to put just green transition at the core of the partnership between the EU and the Caribbean region. The launch […]
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Secure, affordable and clean energy in times of crisis?
Europe is meeting an increasing share of its energy needs through renewable energy, but remains dependent on oil and gas. Given the rapid changes in energy prices, the focus on home heating this winter and the commitment to reduce greenhouse gas emissions, there is a need to save energy, diversify its sources, accelerate the transition […]
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15 EU-funded projects showcase renewable fuel technologies
Transport fuel is one of the largest sources of greenhouse gas (GHG) emissions in the European Union (EU). In line with the European Green Deal’s goal of achieving climate neutrality by 2050, 15 EU-funded projects use renewable fuel technologies that will support the transition to clean energy in the transport sector and contribute to the […]
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The European Commission extends the Spanish and Portuguese measure to reduce electricity prices until the end of the year
The European Commission has approved, under State aid rules, the prolongation and amendments of a Spanish and Portuguese measure aimed at reducing the wholesale electricity prices in the Iberian market (‘MIBEL’) by lowering the input costs of fossil fuel-fired power stations. The amended measure, which will be in place until 31 December 2023, was approved […]
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European Commission launches AggregateEU mechanism for joint gas purchases by European companies
The Commission launched an innovative process for European companies to register their gas procurement needs through the AggregateEU mechanism, in preparation for aggregated gas procurement at EU level. This is an important milestone for the EU, allowing it to prepare for the coming winter by coordinating a timely replenishment of gas stocks and using its […]
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European Parliament approves 5 key new laws to reach the 2030 climate target
MEPs adopted the reform of the EU’s Emissions Trading System including for aviation and maritime, the Carbon Border Adjustment Mechanism and a new Social Climate fund. On Tuesday, Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package”. […]
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10th EU-US Energy Council
The 10th EU-US Energy Council met on 4th April in Brussels, chaired by EU High Representative/Vice President Josep Borrell Fontelles, European Energy Commissioner Kadri Simson, US Secretary of State Antony Blinken, and US Deputy Secretary of Energy David M. Turk. Swedish Minister for Foreign Affairs, Tobias Billström, represented the Presidency of the Council of the […]
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The Council and the European Parliament agree to increase the share of renewable energies in overall EU energy consumption to 42.5%.
The Council and the Parliament negotiators today reached a provisional political agreement to raise the share of renewable energy in the EU’s overall energy consumption to 42.5% by 2030 with an additional 2.5% indicative top up that would allow to reach 45%. Each member state will contribute to this common target. This provisional political agreement will now need […]
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