A clean energy plan drawn up by the European Commission includes details of the various funding pots available to help ocean-based renewables hit 340 GW of generation capacity by mid century.
The regulation needs updating to incorporate a raised emissions reduction ambition which will target a 38-40% fall in greenhouse gas emissions by 2030.
The parliament and EU member states will now mull the proposed budget for 2021-27 which includes a €750 billion Covid recovery package and a Strategic Investment Facility it is hoped will unlock €150 billion for renewables and energy storage to 2027.
The European Court of Justice in July agreed with the Chinese manufacturer, which had said the European Commission had no right to collect duties of 47.7% on any products exported before the company had been notified – in October 2016 – that it was having its access to a minimum price agreement withdrawn by the EU.
An advocate general at the European Court of Justice has said Italy’s decision to amend the terms of signed, 20-year solar incentive contracts in 2014 does not conflict with European law.
The proportion of clean energy consumed in the EU continues to rise but the European Commission’s State of the Energy Union report is critical of failings in energy efficiency, low-carbon-R&D spending, and the removal of fossil fuel subsidies.
As the bloc pushes its digital and green transition agenda, policymakers have looked at the raw materials required. Little is mined, processed or assembled in Europe at present but the European Commission has a plan…
With the SolarPower Summit 2020 taking place this week, organizer SolarPower Europe has assessed the plans drawn up by member states would mean the bloc sourcing 33.1-33.7% of its energy from clean power by the end of the decade, with the help of 19 GW of new solar per year.
Rising volumes of solar capacity are to be welcomed but, as panelists at a session of today’s SolarPower Europe event discussed, the technology must be kept ethical and responsible. That means industry working together; new, harmonized, mandatory and voluntary policy instruments; and a focus on quantifiable, life cycle-based investor criteria.
The EU Council has rejected a Covid-inspired European Commission proposal for a €40 billion warchest to help coal-dependent regions shift to renewables, with the heads of member states instead allocating €17.5 billion. Despite the final figure being €10 billion higher than that suggested by the commission before coronavirus battered Europe, questions have been asked about how useful the program will be.
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