The EU has saved €12 billion gas costs thanks to the accelerated solar and wind growth since the Russia's invasion of Ukraine in 2022, according to an analysis from climate and energy think tank Ember.
Despite “breakthrough” renewables growth across Southeast and Eastern Europe, the Caucasus and Central Asia in recent years, more needs to be done to boost deployment and reduce the region’s reliance on Russian energy imports.
The European Commission (EC) and the European Investment Bank (EIB) have agreed to provide €10 billion (US$10.1 billion) in support to regions most affected by the shift away from fossil fuels
Nearly 40GW of solar PV will be rolled out across Europe by the end of the year, according to SolarPower Europe (SPE), as the continent scrambles to deploy renewables and wean itself off Russian gas.
The European Council (EC) yesterday reached an agreement on a revision to its Renewable Energy Directive (RED) as part of its ‘Fit for 55’ package that has increased its renewables targets and called for accelerated permitting for clean energy projects.
The G7 have agreed not to fund any overseas fossil fuel projects by the end of this year at a meeting in Berlin, Germany in which they also doubled down on their commitments to a faster energy transition in light of Russia’s invasion of Ukraine.
The European Union (EU) has significantly ramped up and brought forward its solar deployment targets as part of its updated REPowerEU strategy, redesigned to combat the bloc’s reliance on fossil fuels, and in particular Russian gas.
SolarPower Europe has issued a list of eight actions that will help Europe accelerate solar deployment to reach a total capacity of 1TW by 2030 and reduce its reliance on Russian fossil fuels imports.
Europe can halve the amount of gas in its energy mix and reduce energy costs by €323 billion (US$356 billion) if it rapidly accelerates renewable deployment, according to a new report from energy technology group Wärtsilä.
The war in Ukraine will “turbocharge” the global green hydrogen sector as the cost of alternatives soar by more than 70% and Europe seeks to reduce its reliance on Russian gas with a series a financial packages, according to Rystad Energy.
