An increase from 40 percent to 55 percent emissions reduction by 2030 puts the renewables sector on notice for a ramp-up in demand. The EU will increase its 2030 emission reduction target to “at least 55 percent” up from 40 percent, Ursula von der Leyen, president of the European Commission, confirmed Wednesday. The change will […]
A Battery Giant Is Born: Total and Groupe PSA Launch New European Manufacturer
Total and Groupe PSA take the next step in their lithium-ion collaboration, formally launching the Automotive Cells Company. Oil major Total and carmaker Groupe PSA have taken the next step in their lithium-ion battery manufacturing collaboration with the launch of a new joint venture company and the first management appointments. The Automotive Cells Company (ACC) […]
Europe’s Green Hydrogen Revolution Is Turning Blue
With the EU on the cusp of announcing its long-term hydrogen strategy, a huge question remains: Should blue hydrogen be excluded? Green hydrogen may get all the headlines, but the prospect of it fueling Europe’s future hydrogen economy on its own looks increasingly questionable. Blue hydrogen is produced from natural gas, with carbon capture and […]
Coal reaching ‘tipping point’ vs renewables: analysis
The authors estimate that a third of the global coal fleet is already more costly to run than it is to build new renewable power solutions, including battery storage Paris: Renewable energy such as wind and solar projects are already cheaper to build than it is to continue operating 40 percent of the world’s existing […]
Energy dispute deepens between Mexico and foreign allies EU and Canada
In letters that were leaked to Mexican media on Friday, the same day they were sent, the foreign powers said the rules threatened foreign investment in the energy sector. Diplomatic sources confirmed the letters were genuine on Saturday. MEXICO CITY: The European Union and Canada have formally raised concerns to Mexico about rules they say […]
European politicians, CEOs, lawmakers urge green coronavirus recovery
As some EU countries move to ease the restrictions starting this week, the bloc is divided on how to finance economic recovery, with the ailing south advocating issuing joint debt against the opposition of the fiscally conservative north European politicians, CEOs, lawmakers and activists called on Tuesday for green investment to restart growth after the […]
How Europe’s Energy Islands Could Internationalize Offshore Wind Planning
European grid operators want to combine 10-gigawatt offshore turbine clusters, interconnectors and hydrogen. It no longer looks like a pipe dream. Proposals for Europe’s offshore energy islands are gaining momentum, with regulatory issues rather than technology now looking like the largest barrier. If massive offshore wind hubs are going to be built at scale, Europe […]
Europe’s Energy Giants Line Up to Endorse Green Deal
The power sector sees huge opportunity, while the proposed “carbon border” raises questions for EU oil and gas imports. The European Union’s newly proposed Green Deal raises “significant questions” for the oil and gas industry, analysts said, but the plan was broadly welcomed by companies across the energy sector. On Wednesday the European Commission presented […]
Moonshot Moment: Europe Announces Green Deal
Among the European Commission’s plans is a carbon border, ensuring companies cannot evade carbon taxes by outsourcing their emissions. New European Commission President Ursula von der Leyen unveiled Europe’s Green Deal on Wednesday, a package of 50 far-reaching policy ideas that are still missing many key details, calling it a “man on the moon moment” […]
The European Investment Bank Has Quit Fossil Fuels. Now What?
Alessandro Boschi, the EIB’s head of renewable energy, tells GTM what it will mean to be the EU’s “climate bank.” COPENHAGEN: With an annual outlay in the energy sector of €15 billion ($16.6 billion), the European Investment Bank is one of the sector’s biggest lenders. And for every euro the EIB puts into a project […]