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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