This paper sets out key policy recommendations to accelerate this transition, tackling key challenges of the transition including methane leakage and gas blending. This paper also examines the role of hydrogen in this transition, how to grow the hydrogen sector to meet the needs of a net zero economy and prioritise its use to deliver rapid emissions reductions.
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Europe’s wind energy sector is entering uncharted territory as inflation rears its head for the first time in two decades. The new environment is prompting companies to look more closely at portfolio management. Meanwhile, a trend to lock in long-tenor original equipment manufacturer (OEM) operations and maintenance (O&M) service agreements, to mirror the project finance tenor, may be leaving value on the table for the sake of minimising the downside risk for banks.
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The effects of global supply chain shortages due to the covid epidemic and the war in Ukraine continue to be felt in the European car market, with the roughly 2,300,000 total new car registrations in the first quarter of 2022 equating to a 12% drop compared to the same time period in 2021. The average share of battery electric (BEVs) and plug-in hybrid vehicles (PHEVs) increased only
marginally in the first quarter.
The analysis finds that the response should be anchored around accelerated investment in renewable energy and economy wide electrification, together with improved energy efficiency. The paper also highlights tricky trade-offs and choices that have to be made. Actions which could seriously delay or imperil the energy transition are unnecessary and undesirable.
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Belgium has made notable progress on deploying offshore wind and increasing the share of electric vehicles. However, fossil fuels still dominate the country’s energy mix, a dependence that is expected to increase. All sectors have considerable work ahead of them to meet Belgium’s targets for increasing the share of renewables, lowering energy demand and reducing emissions.
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Imported green hydrogen produced from renewable energy — and the green ammonia made with it — are crucial for European industry to eliminate its reliance on Russian natural gas. Imports of these clean energy fuels are already cost-competitive and can substitute most fossil fuels used by heavy industry and transport in the EU within eight years.
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EV adoption is still at a very early stage for most countries in Eurasia, although several countries are scaling up EV sales of passenger vehicles. Ukraine and Jordan have higher EV market shares for passenger cars than other emerging economies, at 1.5% and 1.1%, respectively, as of 2020. Early signs of EV uptake are apparent in Lebanon, Nepal, Turkey, Serbia, and Belarus, with market shares between 0.1% and 0.3%.
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The report examines decarbonisation strategies in three key transportation subsectors. It explores how both corporates and investors plan to cut emissions, their ambitions and investment plans, and the impact of government policy and new technologies. It also examines the steps they are considering as they look to optimise their investments and minimise risks.
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RD-Law 6/2022 orders an extraordinary review of the parameters for 2020-2022, applicable as of 1 January 2022. The parameters will be approved in 2 months. The mechanism to adjust for market price deviations for energy produced in 2023 and subsequent years is eliminated. The declared aim of these measures is to reduce the charges of the electric system and to supposedly thereby lower the final price of the energy.
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The European Commission has recently pledged to put fighting climate change at the heart of its 750 billion euro ($826.3 billion) recovery plan. This stimulus package and those to follow must be invested in line with the 1.5°C limit of the Paris Climate Agreement and the Sustainable Development Goals
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This report has been published by the Florence School of Regulation for the Africa-EU Energy Partnership as an introductory background paper to initiate discussions on transcontinental green hydrogen opportunities between Africa and Europe.
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In this report, a study defining detailed country profiles is performed by focusing on wind energy current scenario and development of future scenarios. Key investment actors and business models are analyzed in order to define market opportunities and criticalities.
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Check out the presentations from EBC’s Eighth Annual New England Offshore Wind Conference – 2020 Decisions and Outlook for Permits, Procurements, and Ports.
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