A team tasked by the European Commission with estimating the raw material requirements of the European energy transition found if global PV roll-out is high, and the component requirements of certain solar technologies don’t improve by a greater margin, some elements could end up in short supply.
Political support for the idea of linking Covid-19 exit strategies to green policy appears to be mounting in EU institutions. Easter, appropriately enough, may have injected new life into the idea.
The economic fallout of the Covid-19 outbreak is yet to be determined but as legislators scramble to establish fiscal support for the EU it is becoming clear the suits in Brussels are not prepared to scrap their hard-won Green Deal plan. Quite the opposite, in fact.
Market intelligence firm BloombergNEF has published a report with power company Statkraft and clean energy distributor Eaton highlighting the importance of sector coupling for Europe’s decarbonization plans. Analysts examined the power markets of Germany and the U.K. and concluded effective sector coupling including the use of green hydrogen could lead to greenhouse gas emission reductions of 83% by 2050.
European Parliament groupings, renewable energy associations and climate activists have voiced disappointment at the EU Climate Law officially unveiled yesterday. Lack of a raised emission-reduction ambition to 2030 is at the heart of the opposition, with critics saying the plan will be insufficient to help prevent global temperatures rising more than 1.5 degrees Celsius.
The European Commission today officially presented its Green Deal bill. Though the law has been welcomed in principle by environmental organizations, the provisions are not seen to be ambitious or concrete enough – and 12 EU member states already want to speed up decarbonization.
President Ursula von der Leyen has outlined plans to fund her Green Deal with a mix of EU, member state and private sector contributions. Now it is over to individual nations and the European Parliament.
Described as “historic”, the draft outlines the future climate protection course of the European Union. Overall, the EU should become climate neutral by 2050, and trigger €1 trillion in investment. €100 billion is expected to be made available for the transition. This is to be formalized in a climate law in the coming months. Although solar was noticeably absent in the draft, plans have been detailed by SolarPower Europe as to how it could be included.
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