While the power sector continues to lead on decarbonisation, Europe’s economy is not electrifying fast enough. Between 2022 and 2023, electricity demand declined by 7.5% as industries were shut down and relocated abroad during the energy crisis. According to Eurelectric, the EU needs a robust electrification strategy to decarbonise industry while boosting power demand and competitiveness.
Op-Ed by Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), Astrid Schomaker, Executive Secretary of the United Nations Convention on Biological Diversity (CBD), and Ibrahim Thiaw, UN Undersecretary-General and Executive Secretary of the United Nations Convention to Combat Desertification (UNCCD). This Op-Ed was originally published on 23 September 2024 on the website of the World Economic Forum, which is partnering with the three incoming
The EU Council agreed to mobilise the European Union Solidarity Fund to provide assistance to several regions in Italy, Slovenia, Austria, Greece, and France, relating to six natural disasters occurred in 2023. The assistance will come from the EU’s 2024 budget.
UNECE has released updated Guidelines for the Application of Environmental Indicators, a tool designed to enhance environmental monitoring and support sound policymaking across the pan-European region.
Following severe flooding across Central and Eastern Europe, the EU has mobilised assistance through the EU Civil Protection Mechanism at the request of Czechia and Poland.
More funding needed to strengthen EU preparedness and response to natural disasters. EU to enhance adaptation and resilience in line with the Climate Law and the Paris Agreement. In past 30 years, floods affected 5.5 million people, caused 3,000 deaths, and more than EUR 170 billion in economic damage.
A continuous trend of shrinking market share for battery electric cars in the EU sends an extremely worrying signal to industry and policymakers. European auto manufacturers, united in ACEA, therefore call on the EU institutions to come forward with urgent relief measures before new CO2 targets for cars and vans come into effect in 2025.
The EU Commission has approved a €2.7 billion Austrian scheme to support companies active in the industrial sector to decarbonise their production processes. The measure will contribute to the implementation of Austria’s National Energy and Climate Plan and to the achievement of the European Green Deal targets.
“I want to express my deepest sympathy and solidarity with those affected by these disasters. To the grieving families of the victims, I extend my heartfelt condolences. Like many of you, I am shocked by the images of people being evacuated from their homes, families left with nothing, and the scenes of death and destruction on our continent” – EU Commissioner Lenarčič.
The EU Commission hosted a high-level roundtable on how to manage climate risks and damages. Participants called for bold action on climate resilience and discussed structural changes, actionable tools and financing for the future.
“The EU has decided to achieve climate neutrality by 2050. From then on, for every tonne of CO2 still emitted, one tonne would have to be taken out of the atmosphere. A European Carbon Central Bank could play a key role on the way there – and use market-based incentives to set the course for a net-negative emissions balance in the second half of the century” – PIK.
“Greenland is especially vulnerable to the impact of climate change. But you are also uniquely equipped to fight it – to capitalise on vast natural resources and steer both the green and digital transitions. I applaud Greenland’s decision to ban offshore oil and gas exploration and exploitation in 2021, to join the Paris Agreement in 2023, and more recently, to keep the Arctic a ‘low tension area’ where peaceful and
Under the scheme, the aid will take form of direct grants. The measure will be open to companies producing relevant equipment, namely batteries, solar panels, wind turbines, heat-pumps, electrolysers, equipment for carbon capture usage and storage, as well as key components for the production of critical raw materials.
While accelerating renewable energy production and using energy more efficiently will make significant contributions on the energy sector’s path to climate neutrality, innovative technologies are also required to deliver the agreed reductions in CO2 emissions.
The European Environment Agency (EEA) has published new data, collected annually from companies, on the production, import, export, destruction, and use of ozone-depleting substances as raw materials in the EU. The data show how the EU has met its obligations under the Montreal Protocol and tracks progress on the more ambitious EU Ozone Regulation.
Investments in line with Europe’s expected 2040 climate target would create important economic opportunities across sectors, according to a new report by Agora Energiewende. Building on these findings, the think tank outlines how public funding can help unlock the necessary private investments and overcome the ‘climate funding cliff’ after the EU’s recovery fund ends in 2026.
There is a 60 percent chance of La Niña conditions emerging towards the end of this year, according to a new Update from the World Meteorological Organization (WMO). La Niña has relative short-term cooling impact on global climate. It generally has opposite impacts to El Niño. But longer-term global warming continues.
Australia and Germany have signed an important agreement today deepening their cooperation and jointly supporting new supply chains for renewable hydrogen and its derivatives. To this end, a H2Global financing window of €400 million (AU$ 660 million) will be established to match European demand and Australian production of renewable hydrogen in bilateral auctions.
The trend of a stagnating market share of battery electric cars sends an extremely worrying signal for industry and policy makers, united in the European Automobile Manufacturers’ Association (ACEA). The EU automotive industry has invested billions in electrification to put vehicles on the market, but the other necessary ingredients for this transition are not in place and the competitiveness of the EU is eroding.
Following a first edition in 2021, the EU Delegation brings back the Sustainability Tour, inviting the Chinese public on a virtual trip across China to learn about cooperation between the European Union and China.
Within the policy framework of the European Green Deal, the European Climate Law of 2021 has set an EU-wide, legally binding target of ‘climate neutrality’ or net-zero greenhouse gas (GHG) emissions by 2050. The European Climate Law also enshrines the intermediate climate target of reducing EU net GHG emissions by at least 55 % by 2030, compared to 1990 levels.
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